What Investors Can Learn from Athletes
Posted March 4, 2024
Posted March 4, 2024
Nick Saban, recently retired football coach of the Alabama Crimson Tide said, “If you want to be good you don’t really have a lot of choices.” He was referring to the choice to either be disciplined or not to a specific process that would lead to success.
No one is born an athlete. We are all human with similar preferences: sleep/rest over working out, eating a donut rather than broccoli, and having fun instead of working.
Athletes are created through dedication to a routine or process that will help them become athletes. They show up at the gym, follow a nutrition plan, and endure their routines even when they don’t feel like it or want to. Persistent discipline in that routine is what makes them an athlete.
The “secret” to becoming a great investor is no different. It requires a discipline to a process or routine. Not just any routine, but the right one. Watching the stock market is a routine, but it doesn’t develop a successful investor. So, what routines or processes can investors take that will help them become great?
Defining your investment process is important but practiced by many investors. Maintaining discipline to that process when times get tough? That is what separates the average investor from the most successful investors. Discipline is what makes athletes, athletes. And it is what can help you achieve your financial goals. I am here to help you along the way.
© The Behavioral Finance Network
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