by Tim Price
Successful investing requires having an edge. If you do not know what your edge is, you do not have one.
One doesn’t need to be a rocket scientist, or even a die-hard contrarian to have an edge. But given the competition from vast numbers of rival investors, it pays to go down the road less travelled.
Malcolm Gladwell, in his book David and Goliath, examines precisely this approach.
Goliath, a Philistine, challenges the Israelites to “single combat”, a stylized way of engaging with the enemy that avoids the heavy bloodshed that comes from open battle: