SPE - CEF Focus Investing - Confessions Of An SA Contributor

• Nobody begins an investment career with a fully-formed philosophy; it’s an achievement you can only realize after being exposed to life’s lessons.
• Twelve years ago, while “playing in the stock market,” I found myself overbalanced on natural gas but was saved by a stroke of good luck.
• Instead of losing, I gained, but experience caused me significant fear and taught me an important lesson about the meaning of “risk”.
• Since then, my approach to the markets has completely changed thanks to my effort to understand who I am, what I want, and above all what my limits are.
• My Cupolone Income Portfolio is the result of this learning process, which, although it began more than ten years ago, is continually evolving.

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