As Bad A Strategy I Can Think Of
One of my favorite films is “Moonstruck.” It contains a great scene—one I often use when discussing investment strategies I’m asked to review in my role as the director of research for The BAM ALLIANCE, because it makes an excellent and pointed observation.
In the scene, Cosmo Castorini, a plumber, explains to a young couple why he only uses copper pipe. He says: “Aluminum is garbage. There’s bronze, which is pretty good unless something goes wrong. But something always goes wrong.”
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