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am not so big  on the high-conviction' bit , maybe because i am retired  and can't guarantee  a regular injection of new funds ( March 2020 taught me that when  divs where trimmed and even cancelled on the payment date ( for one ) ( just because they are trickling today  , there is no certainty in six months time ) 

2020 could have been much better if all the declared divs were aid in full , on time .. but lesson learned ( i still did OK )

 am not big on leverage either  , maybe i am not sophisticated enough  , maybe something rammed into me by my depression era parents

 being lucky is nice  but being able to discern luck from good judgment ( and skill ) is better

 the main reason i abandoned the race-tracks  was two nice winning outings caused by two unbelievable outcomes ( and worse i couldn't believe i put money THERE  , one was a well drawn dish licker at 25/1  two favourites broke down  the rest got into trouble , the time was the slowest in at least two years ( at least ) .... and said winner took 18 months to win another race ( on a minor country track )

 but it turned a train-wreck of a night into  a rather profitable night

 PS although i backed it each way  , i thought it barely had a place chance  .. a three length win was totally unexpected ( and the very slow time hints it wasn't full of 'a magic substance ')

 would prefer to cherry-pick the niches in the global economy ( several market fixate on capital gains ) especially currently