Investing successfully is not easy. Among other qualities, it requires incredible discipline and patience. After all, the greatest rewards come when you wait for the right opportunities with huge upside, and then swing big. It’s the approach preached by Warren Buffett and favoured by us at Montgomery. Earlier this week John Hempton, a hedge fund manager who writes the Bronte Capital blog, penned a thought-provoking article (read it here: <a href="http://brontecapital.blogspot.com.au/2016/09/comments-on-investment-philosophy-part.html" target="_blank" data-event-type="click" data-event="link_click">(VIEW LINK)</a> ). Hempton explores the investing implications of a comment Warren Buffett has made about being selective when buying stocks.