Subject: Re: No rankings
the thrill of trying to beat the market by 2-3% per year, and failing at it, is no longer there.

Again, I hear you.
The more times I read that, the funnier it is : )

Certainly the biggest insight I had many years ago, when I used a lot of different investment strategies, is: stop doing the ones that clearly don't work.
Since that's too difficult a goal, I revised it: at least don't allocate a lot of money to them!

I've made money with MI, but it hasn't been my best success for a long time. My annualized rate of return on daily dollars of capital at risk in Berkshire and Berkshire derivatives is something like 26%/year for just under 25 years. Partly from buying low and selling high (I'm slightly net short at the moment, kind of a short strangle), and partly from the leverage embedded in calls.

Jim