Michel Pireu Columnist

A key rule in investing is that you don’t necessarily need to understand a lot of different things at any given time, but you need to understand the one thing that really matters. — Dan Loeb

Simplicity or singleness of approach is a greatly underestimated factor of market success. As soon as the attempt is made to watch a multiplicity of factors even though each one has some element to justify it, one is only too likely to become lost in a maze of contradictory implications the various factors involved may be so conflicting that the conclusion finally drawn is no better than a snap judgment would have been. — Garfield Drew

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