As a follow up to a recent article I published about the MLB All-Star game, I’d like to point out that Kyle Schwarber has been sent down to AAA. He is currently 8th in the National League outfielder voting ranks. A TRIPLE-A PLAYER IS RANKED 8th! Clearly, this is 100% a popularity contest, and 0% a performance-based event. Not to mention, Schwarber was out all of last season with a torn ACL, and only returned to have a few great weeks in the postseason. Apparently, a few great WEEKS is enough to earn millions of votes the following season. Let this be a lesson to you investors. Past short-term results should NOT be the basis for “voting” an investment into your portfolio. It’s not a popularity contest.
Here’s what I’ve been reading this morning:
‘The Reasonable Formation of Unreasonable Things’ – Morgan Housel – Collaborative Fund
‘Opposite Day’ – Josh Brown – The Reformed Broker
‘Rule Number 1 In Investing’ – Charlie Bilello – Pension Partners
‘They Can’t All Be That Smart’ – Christopher Meredith – Cutting Through Noise
‘How I Stopped ‘Awfulizing’ Retirement’ – Jonathan Look, Next Avenue – Forbes