Those Who Stay Will Be Champions | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening, depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to blend a little bit of my passion for Michigan sports with the resilience investors need to be able to overcome the ups and downs and the volatility in markets, to be able to plan for multi-generational lifetimes.

The Michigan mantra is, “Those that stay will be champions.” Well, Michigan has had a 20-year drought of falling from being an elite football program to finally getting back to the level of championship caliber football—not quite champions, but getting close to being the leaders and best.

“Those who stay will be champions,” reminds me of the resilience needed to be able to deal with very long periods of time of suffering. As a Michigan football fan, it’s been a very long period of suffering. Well, in the financial markets there are periods of time that you have to suffer. Of course it would be great to be Alabama and win all the time—of course they lost, they do lose at times—but it would be great to be perfect, but most of everybody and everything is not perfect. If you want to research something in financial markets about the pursuit of perfection, you can look up the book, “When Genius Failed.”

Perfect. Perfect. Perfect. Perfect. Perfect. Collapse.

So don’t seek perfection. Find a process that will enable you to sustain yourself for multiple generations and remember, “Those who stay will be champions.”

Have a great day.

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Video Recorded January 26th, 2022
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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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