The New York Yankees announced they will be retiring former shortstop Derek Jeter’s number this season. As a Mets fan, it was hard to root for Jeter over the years, but one thing that was undeniable was his loyalty to the Yankees organization. It’s difficult to find players who spend their entire careers playing for just one team. A similar parallel could be drawn to investing as well. Sure, some years it might seem that jumping from strategy to strategy is the better move, but in reality all that is happening is performance chasing. Jeter could have shopped around for the biggest contract possible, but he knew staying with his proven organization was key to his success. The same goes for investing. Sticking with a proven strategy over the length of your investing “career” will most likely prove to be more effective than performance chasing.
Here’s what I’ve been reading this morning: