By MSB, page-71

The fascination is simple.

Firstly, I am trying to learn new things, whether it is sentiment, psychology, analysis or information pertaining to a particular share or a particular industry. Often times, learning involves a vigorous exchange of ideas, and quite often too, it involves consideration of opposing ideas or ideas which we find repulsive or unattractive. Many profit opportunities arise by embracing "the dark side", so to say.

Secondly, I look at a large number of shares, and I try to understand a subset to a significant degree, and I usually end up investing in a subset of a subset, which is usually about 1 out of 100 names that I look at. This means that I dont hold a vast majority but I follow them with interest just like a shareholder would.

Stock-picking is actually a misnomer, the actual process involved in investing is substantially about elimination. Hence my term "The fish that John West rejects."