Invest First and Investigate Later: Sometimes Intuition is Misguided
SummarySince financial markets are incredibly efficient and since I cannot bring myself to fully research investment opportunities unless I have some real financial commitment, I've always subscribed to Soros's maxim of: Invest First and Investigate Later. This strategy, though, can sometimes backfire, as is the case with UTSI. Even though my gut instincts prove correct in many instances, in certain cases, such as that of UTSI, my intuition is misguided. In this post, I'll highlight some additional information that I've recently uncovered that show that UTSI, though still an interesting speculation, is not nearly as cheap as my initial thesis implied.
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