May

5

 I read a National Geographic article about a women who set the record for hiking the Appalachian Trail. The consensus thinking was that it had to be approached as an ultramarathon. The male record winners all ran 9-10 hours a day to beat the 57 mile a day average. This lady was a hiker and everyone pooh-poohed her strategy to hike it. Well she hiked it, 14 hours a day, and beat the record.

It's the tortoise and hare strategy. Maybe we could call it the Rocky/HFT strategy. Discretionary daily trading can be strenuous, like ultra marathoning. Recently, I've been holding longer and doing better. Let the market do the walking. As Lack would say, "get the joke".


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