I know I post about the Mets a lot, but baseball happens to draw a number of relevant analogies to the world of finance, and the Mets just happen to be the team I watch every night (unfortunate, I know). So we’re right around the 1/3 mark of this season, and the Mets are right around .500. However, because of the usual outrageous number of injuries, the team looks to be in rough shape. It’s important to keep in mind just how long an MLB season is. 162 games is a LONG GRIND. The 2015 Mets on July 30th were 52-50, just TWO games above .500, with a season filled with injuries and underperformance. They were able to catch fire and finish the year strong, win the National League Pennant and go on to the World Series.
With investing, it’s important to remember your time horizon. Put your life in your own “162-game season”. If you do that, the day-to-day fluctuations may seem much less significant, and keep you on track for the long haul. The same goes for the 2018 Mets. While it might look dire now, there’s still over 100 games left to be played!
Here’s what I’ve been reading this morning:
‘The Perils of Overconfidence’ – Carolyn Gowen – The Financial Bodyguard
”I’m Sorry’ Gets More Expensive for Wells, Uber, and Facebook’ – The Wall Street Journal
‘It Works As Advertised’ – Josh Brown – The Reformed Broker
‘Double Digit Returns are the Norm for the Stock Market’ – Ben Carlson – A Wealth of Common Sense
‘Yes, He’s Amazing — But Mookie Betts Still Isn’t Mike Trout’ – Sam Miller – ESPN.com
ENJOY!
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