Risk was tied to the company's level of performance and its valuation, not its temporary price movements. In the case of Rule Maker investing, I'd like to distinguish between valuation risk and performance risk . The former is the risk of paying too much for a company. The latter is the risk of not getting what you paid for. As a long-term investor, I'll shoulder the burden of valuation risk over performance risk every single time.
Mediocre companies lose out over time in an open market.
I like the daring of it. I just haven't come across many that can do it well. Find a theorem that works. Put it for sale on Soapbox . I'll pay for it.