When is average exceptional? How often can you do something at a normal level and have it actually be exceptional?
What am I talking about?
Well, let’s start with the concept of golf. If in golf you do average, meaning you get a par on every hole, you’re actually performing exceptionally better than 99 % of the population, if you can just get a par on every hole.
Well, the same applies to financial markets. If you achieve an average of what the stock market does over 10, 20, 30 years, you’re going to do exceptional, and likely better than 99 % of the population.
This is not gonna be a long vlog today, I just want you to ponder that. This has been Jonathan Satovsky of Satovsky Asset Management on this episode of, “Seeking Wisdom, Wealth, and Wellness.”
Sometimes reading the inside game of golf, you know the inner game of golf, and when someone doesn’t know that average is exceptional, they’re just like, “Well, that’s what I was expected to do. I was expected to get a par in golf.” [Just as] “I was expected to save for my future and just invest and ignore the crowd.” You end up doing better than the crowd. But as soon as someone makes you aware that, “Oh, I might have a tip and technique of how to swing better…how to putt better…and you could be unbelievable,”—it may stress you out, you may do worse.
The same with investing. “Oh, I have a great tip for you today,” and then you follow tips and you end up feeling better for a moment and then doing worse over the long run.
So, pause, because you can actually achieve a lot through effortless action.
