I bet everyone's heard of Ted Williams, one of the greatest baseball players of all time. Ted famously described his approach to hitting as waiting for the fat pitch. What he meant was that he would only swing at pitches that were in the strike zone, and were exactly where he wanted them. In other words, he was willing to be patient and wait for the perfect opportunity to take action. Williams knew that swinging at every pitch, even those outside the strike zone would result in a lower batting average and missed opportunities. But by waiting for the fat pitch, Ted was able to maximize his chances of success. And he certainly achieved extraordinary Hall of Fame results. 

That philosophy can be applied to many areas of life, including investing where Warren Buffett, the legendary investor and businessman also used the term fat pitch to describe his approach to investing. Just like hitting he believed that the key to successful investing was and is to wait for the right opportunity to come along and wait for the perfect pitch. In Buffett's view, a fat pitch was a rare and undervalued investment opportunity that had the potential to generate significant returns. He would wait patiently and still does for these opportunities to present themselves and then take decisive action when the time was right. 

Here at the Fat Pitch, every week we're gonna have a chance to chat, Clint and I, with fantastic minds from across the spectrum of investing. We don't know if it's the fat pitch. Perhaps they're gonna suggest to us that it is time for the fat pitch. But I think you're gonna have a lot of fun as we do each week listening and talking to some of these terrific opportunities and we'll find out, is it a fat pitch or a ball outside the strike zone?