Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
For there was never yet philosoper
That could endure the toothache patiently,
However they have writ the style of gods,
And made a push at chance and sufferance.
I might say that what amateurs call a style is usually only the unavoidable awkwardnesses in first trying to make something that has not heretofore been made.
Let us guess that whenever we read a sentence & like it, we unconsciously store it away in our model-chamber; & it goes, with the myriad of its fellows, to the building, brick by brick, of the eventual edifice which we call our style.
I've always been a massive Beastie Boys fan, so if you look at their style aesthetic on Check Your Head, that was the headspace I was in for a minute. Whatever that was, that was me.