One of the problems that I have an as investor is that I like really ugly, awful, shitty looking stuff. The worse something looks, the more excited I am about it.

Clearly, there is something wrong with my wiring. Am I a psychopath? Quite possibly.

However, I do understand the failings and short comings of my methods. The problem with looking at horrible looking companies and hoping for a turnaround is that…. a turnaround might never happen.

I am not foolishly unaware. “Dumpster diving” strategies have a much higher total and complete failure rate. Not diversifying is making a pretty confident bet about it’s future outcome.

I suppose there are only 2 ways to deal with this. Firstly, purchase such said shitty securities at a bargain basement price that gives you plenty margin of safety. Secondly, diversify your bets.

Anyway, a lot of things have changed in the short span …