Always Fully Invested

April 1, 2013
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“I’m always fully invested. It’s a great feeling to be caught with your pants up.”

- Peter Lynch

JS Comment: Take it from the great mutual fund manager Peter Lynch (whose success had nothing to do with the 1980s): The thing to do is just be 100% long at all times. Risk control is overrated versus making sure you never miss an uptick. Oh, and you should get all your ideas from going to the mall. If your wife really likes the pair of shoes she bought, invest in shoes, stuff like that. And don’t waste any effort on dumb junk like price action, sentiment, or macro drivers. Watch CNBC instead.

p.s. April Fools!!!

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