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Overheard at Shmoop: "All I hear all day long at school is how great bison is at this or how wonderful bison did that. Bison bison bison!"

Recap #3

If you don’t have a lump on your skull from our bludgeoning at this point, maybe we should just use a four iron. A huge part of the 63 tests your judgment in evaluating the notion of "appropriate."

Think about Myron's proposed portfolio: tons of small companies with no dividends and high price-to-earnings ratios. That is, there are great expectations of very high growth, but if a company misses its mark, there is potentially a huge downside.

Unproven areas. Illiquid trading. Weak analyst c...

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