I think specialists are doomed for failure in this market because they have tunnel vision and they're incapable of looking past their specialty. If you can see the big picture, big picture in terms of looking at what happens across companies, not just in your market, but geographically across markets. You don't make money by finding mistakes. You make money from those mistakes getting corrected. Buying low P, racial stocks is not a philosophy. That's a strategy. But there's another ingredient that we don't like to talk about because it makes us uncomfortable which is being lucky. Let's face it, you could run an experiment. You could go back in time and restart the Warren Buffett experiment - he

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