by Chris Mayer
Daily Reckoning
I’m going to tell you a remarkable story…
It illustrates the two key factors that go into a successful investment. Together, they’re the surest way I know to score life-changing wins. And they apply to just about any asset, regardless of what the economy is doing.
I was in New York City recently having breakfast with Ken, a longtime reader and friend. Ken is a sharp-tongued New Yorker who tells you exactly what he thinks, good and bad. He runs a small hedge fund in Connecticut. And made a lot of money in the 1980s and 90s riding stocks like Home Depot and Wal-Mart.
But his best investment ever wasn’t in stocks…