Average Can Be Exceptional | Wisdom, Wealth, and Wellness

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

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.

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Video Recorded February 10, 2024
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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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