What does Baseball's Ted Williams and Value Investing have in common

“Baseball is the only field of endeavor where a man can succeed three times out of ten and be considered a good performer.”
Ted Williams

[timeless]

My favorite sport in the whole world is baseball. I love everything about it. The history, strategy, pace of play, intricacies, stats, and the grace of the game.

It can be breathtaking and heart breaking, sometimes in the same play. There is nothing like watching a playoff game with the game on the line and both team's best pitcher and hitter competing against each other.

To stand in the batters box and...