Introduction
In my limited investing history, I have had some success with "low-risk, high-uncertainty" situations. These situations can occur for any number of reasons, but one common scenario is to find a company operating in a cyclical industry that either has a diversified business or a particularly low-cost operating model. Essentially, you want a company that can stay afloat in the bottom of the cycle (low-risk), flourish whenever the cycle turns (the timing being highly uncertain), and to be able to buy it in the midst of a negative cycle when investors are most uncertain