The Fat Pitch
If you were a baseball fan you would know what Fat Pitch means. A fat pitch is a baseball pitch that is perfect for hitting. So “fat” you can’t miss it. There is also a “Fat Pitch approach to investment” coined (obviously..from the baseball reference) in the US.
The theory goes like this. As a batsman in baseball you are under pressure to hit. You only get three strikes. Miss three opportunities on the trot and you are out. That’s it. As a batter you therefore have to hit at pitches that you would probably prefer not to hit. You cannot wait for the “Fat Pitch” because you have to hit.
In investment investors constantly take swings at stocks that should be left alone because they put themselves under...Continue Reading