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	<title>Margin of Safety &#187; Kelly Criterion</title>
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	<description>&#34;...to distill the secret of sound investment into three words...&#34;</description>
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		<title>Patience, but the Willingness to Act Decisively when Opportunities Arise&#8230;</title>
		<link>http://amarginofsafety.com/2013/01/03/patience-but-the-willingness-to-act-decisively-when-opportunities-arise/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=patience-but-the-willingness-to-act-decisively-when-opportunities-arise</link>
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		<pubDate>Thu, 03 Jan 2013 13:43:38 +0000</pubDate>
		<dc:creator>Ray Galkowski, CFA</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Behavioral Finance]]></category>
		<category><![CDATA[Benjamin Graham]]></category>
		<category><![CDATA[Charlie Munger]]></category>
		<category><![CDATA[Closet Indexers]]></category>
		<category><![CDATA[Kelly Criterion]]></category>
		<category><![CDATA[Margin of Safety]]></category>
		<category><![CDATA[Mohnish Pabrai]]></category>
		<category><![CDATA[Patience]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Value Investing]]></category>
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		<description><![CDATA[..these are the keys to investment success, not throwing capital at 500 companies merely because those companies are in somebody&#8217;s index. Share on Facebook]]></description>
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