Updated from 12:04 p.m. ESTAs mentioned in previous columns, I am forever seeking a competitive edge in order to maximize my chances for success. This begins with impeccable preparation, which commences at 5:30 a.m. each morning, and rarely culminates prior to midnight. But regardless of how well prepared you are, life has an uncanny way of presenting you with situations in which your preparation is virtually worthless. In essence, my strategy is to stay disciplined, regardless of the situation. This approach has served me well throughout my career, be it baseball, my various businesses or investing. Discipline allowed me to develop into the consummate leadoff hitter. I saw more pitches than anybody in the history of Major League Baseball during the magical 1993 season with the National League champion Philadelphia Phillies. This was directly attributable to the fact that I approached each at-bat with a plan. That plan had to be flexible in order to respond to the situation dictated by the scoreboard. In other words, you must have a strategy to deal not only with the expected, but perhaps more importantly, a strategy to deal with the unexpected. Discipline yourself, as I do, to always play the percentages, thereby creating that competitive edge that is integral to success. Furthermore, recognize, acknowledge, and accept when the percentages are not in your favor, so that you do not take on unnecessary risk. Unfortunately, precious few of us are truly clairvoyant; therefore, we are bound to pick stocks that will go down in price. When this inevitability occurs, I believe in stopping the losses from the start and moving on. Remember, this can happen only through a disciplined approach, which for my trading means:
Information Is EverythingInformation is the currency of today's global economy. Individuals and enterprises rely on the global distribution and storage of information to govern nations, conduct business transactions and make personal decisions. Yet the information we count on is increasingly at risk. Cyber threats, natural disasters, user errors and system failures put the security and availability of crucial information assets in jeopardy. Individuals and organizations are looking for a partner to help them understand and manage the risks to information -- whether it is protecting personal information on a PC or building a global IT infrastructure that is both resilient and flexible. For many, that partner is Symantec ( SYMC), the world leader in helping individuals and enterprises assure the security, availability and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. With innovative technology solutions and services, Symantec helps individuals and enterprises protect and manage their digital assets. Symantec provides a wide range of solutions, including enterprise and consumer security, data management, application and infrastructure management, security management, storage and service management, and response and managed security services. Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability and integrity of their information. Symantec's recently completed merger with Veritas leaves no doubt: Symantec is the best security software company in the world. The announcement of the Veritas merger started a prolonged decline in Symantec shares that I believe culminated earlier this month when the company lowered its revenue guidance and announced the resignation of its CFO.