Is the “watch and wait” investing strategy for you?
As a cricket and “soccer” loving Brit, American sports aren’t really part of my vocabulary.
Despite this, one of the best books I’ve ever read was by an old NFL coach called Bill Walsh. The book is called ‘The Score Takes Care Of Itself’, and it describes how Walsh transformed the San Francisco 49ers from a rubbish team to an unstoppable one.
As you can guess from the title, a lot of the book is about prioritising things that you can control and thinking more about processes than outcomes. I think these principles have a lot of use for investors.
I say this because it’s easy to obsess over individual stock ideas and opportunities offered up by financial commentators (including us here at Morningstar). Yet allocating more time and…
