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Golf and Investing --- Four Important Lessons |
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Submitted by Steve Selengut
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Fundamentals of Golf and Investing: Back to Basics - Favorite foursome conversations provide clues to the particular fundamental that just failed you, as your duck-hooked tee shot comes to rest at the base of the dead pine tree, and possibly, just beyond the white stake. Have you weakened your grip? comments Larry. Nah, he was lined up that way; went right where he aimed it, Curley offers.
Golf and Investing: Optimism, Focus, and Education - You knew it the moment it left the club, that spark at contact when you catch it just right. You look up. It's just reaching the top of its climb--- and heading down right at the pin, a pin positioned left of center on the elevated green, much too close to the water.
This could be the one! Four mouths hang open, not a sound. Then whack, the ball strikes low on the stick and disappears; the pin wobbles; the ball is nowhere to be seen---
Golf and Investing: Tin Cup Lessons: For an endless variety of reasons tin cup amateur investors bring on their own demise by failing to minimize risks using well known basic techniques that are thoroughly documented and supported by sand traps full of statistical evidence. They hit driver with every selection--- it's the only club in their bag.
Golf and Investing: Working The Ball: The Working Capital Model is a boring, conservative methodology for lowering the slope rating of the most diabolical wealth accumulation courses. Market hazards are avoided with reasonable expectations, and retirement approach shots that grow the annual income chip by chip, throughout the wealth accumulation period.
Even Pete Dye would be shocked at the way Wall Street's financial course architects have turned the most rudimentary of tracks into a moguled, windswept, bunker field, fraught with hazards unimaginable even by their creators. Whatever happened to stocks and bonds?
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(1988)
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