Baseball is one of the few sports where you can fail 70% of the time and still have a great year. Players are paid millions who do just that. And the mutual fund industry follows a similar model. But I digress.
Only 13 MLB players have breached the .400 barrier since 1900. In 1941, Ted Williams hit .406 while the league average was .262. He was the last to do it. He was one of the greatest hitters ever. His tireless work ethic, obsession for hitting knowledge, and discipline got him there.
Over time, Williams simplified his batting process down to only swinging at good pitches he could hit. He stacked the odds in his favor.
First You Need a Good Ball to Hit
Always a fan of analogies, Buffet uses Williams’ process to explain his investment philosophy: Continue Reading…