Looking Ahead
“The reason I score so many goals is that I don’t focus on where the puck is but where it is going to be.” – Wayne Gretzky, Hall of Fame Hockey Legend
Looking ahead instead of looking behind is good advice for hockey players but essential for successful investing. Both participants skate on thin ice but at least hockey players play on a smooth surface and where the puck usually bounces off the boards in a predictable way. Investors live in a less predictable “rink”.