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Satchel Paige's 'Don't Ever Look Back' Rule Isn't Easy to Follow in Investing

Jonathan Heller

Satchel Paige may have been one of the greatest pitchers of all-time, but he also left us with a great deal of wisdom with his "Satchel's Rules for the Good Life." Last year around this time, I proposed that each of Satchel's six rules could be applied to value investing. Somethin' might be gainin," is one I often think of in terms of reviewing past investment decisions. , which was a very strange yet very profitable position.