Low risk and high uncertainty has the potential of being a great investment. Wall street hates uncertainty and punishes it like it was high risk. There are a range of possible events and we dont know which one will occur with a clear probability.
Uncertainty is not necessarily we dont know what can happen. It is which of the events that could happen that will happen with a confident probability.
But if have good management, they are better than there competitors and work in a team such that the sum is better than the individuals, chances are in battle things can go there way.
Low risk because execution is likely to work? Little capital?
Time is a friend of the value investor, and of the great business.
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