Investment Philosophy

Arriving at an investment philosophy is a personal journey for every investor, and one that involves trying to find the intersection of your ability and temperament. Here's a non-exhaustive list of what I will not invest in, mostly for my lack of temperament (for trading) or lack of ability (for options and arbitrage)
No IPOs.
No Trading.
No Asset Plays.
No Cigar Butts.
No Momentum Picks.
No Hot Sectors.
No Targets.
No Heads and Shoulders. 
No Bouncing Dead Cats.
No Cyclicals.
No Workouts.
No Derivatives.
No Arbitrage.
And what I aim to do:
Straight Equity, Long Only
Good operating businesses at a reasonable price
Concentrated Portfolio - Ideally of 5 Stocks