Observe the Invisible | Wisdom, Wealth, and Wellness
Observe the Invisible | Wisdom, Wealth, and Wellness
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 this episode of Seeking Wisdom, Wealth, and Wellness, I wanted to talk about the aspiration to do something different, to be unique, to be special, to unlock our unique talents.
Well, I’m passionate about finance and behavioral finance and how to help educate, motivate, inspire people into action for their future selves. It’s a concept basically like selling the invisible, selling someone a vision of the future they want to achieve before it’s actually happened, manifesting something in the future.
However, people don’t always see the progress they’re making or understand how to measure that progress until they look back 10, 15, 20 years on the co-collaborated design of the custom-tailored suit, or shirt, or financial plan of how it’s going to be successful.
What am I talking about here? Well, in behavioral finance, I’ve talked about this a lot, but the best-performing fund in the universe during the years 2000 to 2009 averaged 18% a year, and the average investor lost 11% a year. I know I’m talking quickly, so you may not follow, but why the gap? Why such a mammoth gap?
It’s not that we can’t find good investments. It’s that the investor doesn’t understand that his chief problem and worst enemy is himself. Ah! So we got to tie people to the post, get them onto a path, get them to sit still, block out the noise, take a walk, and enjoy your life on your path to Wisdom, Wealth, and Wellness, to observe the invisible.
Have a great day.
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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.
Further Reading
Jonathan Satovsky Interviews Rabbi Simon Jacobson
Always on the run
Learning something new
