After a couple of years working hard it at, I've come to the conclusion that successful investing is boring investing.
What I mean by that is that I don't need to be chasing falling knives trying to hit a 10-bagger while possibly risking a zero.
No, I prefer finding a long-term investment idea that is going to have the wind at its back for a couple decades, taking a position and adding to it when the price is right.
But for my viewing pleasure I still like some drama! In the video below outspoken hedge fund manager Bob Chapman discloses that he has 50% of some of his accounts in Herbalife and thinks Bill Ackman is going to lose his shirt with his short position.