After reading John Huber's great article "Valeant, Short Selling and the Too-Hard Pile," I listened to his recommendation and purchased the book "Dead Companies Walking" by Scott Fearton. I have read many investing books, but this was, by far, the best I have ever read.
At the beginning of the book, Fearton quotes Thomas J. Watson: “If you want to increase your success rate, double your failure rate.” Fearton starts off his book gaining momentum for the reader. I like this quote because I realized the truth in the statement: The more volume that you put into something, the more likely it is that you will succeed. Continue Reading »