The problem with MG's style of investing is that it's based on...

The problem with MG's style of investing is that it's based on hindsight , very little research and lots of luck. I prefer ABDM'S approach: Research,Foresight, and a healthy dose of hindsight. Thomas EdIson used to say "It's a strange thing, the harder I work, the more luck I seem to have". There are a lot of gems in the market. The problem is they are very hard to spot. The duds are much easier: they're ramped to the max here on HC.