Remember, things are never clear until it’s too late. - Peter Lynch

To me, an investment is simply a gamble in which you’ve managed to tilt the odds in your favor.

Once I’ve established the size of the company relative to others in a particular industry, next I place it into one of six general categories: slow growers, stalwarts, fast growers, cyclicals, asset plays, and turnarounds.

So while the smaller fast growers risk extinction, the larger fast growers risk a rapid devaluation when they begin to falter.