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Investing in mediocrity

Planet Money

Ben Trosky's Strategy, Strategic Mediocrity

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Ben trosky developed this theory, this idea, when he was working at this money manager in the nineties. His job was to buy and sell what are called chunk bonds. Some people don't like calling them junk. They prefer to call them high risk, high reward. And it's kind of funny that ben is in this high risk job, because in many ways, he's not really a big risk taker. He likes taking risks so calculated they're barely even risks. Never really play games. I know i'm then a loose and the house always has the advantage. Ye was af probability have not being repealed.

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