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I keep hearing that the beauty of the game of golf was exhibited yesterday in the PGA tournament’s final holes. Basically, the golfer who played the best over the first 71 holes lost becuase of a technicality. Yes, he maybe should have known that a garbage laden area that was trampled by spectators was considered a “bunker” and he couldn’t ground his club.
That’s why I HATE golf- sorry golfers (that and I am really bad at the sport!!). Every golfer is trying to tell me how great the game is when to me its a colossal waste of time -( I could be actually getting real exercise or spending time with my family or even working instead of trying to discern the difference between a bunker and a fairway). It seems like you almost need to play with a rule book in one hand and a club in the other.
What does this have to do with investing you might ask (and rightly so)?
Too often in the world of investing we are left to wonder why our “best laid” investments go awry even when the stock and bond markets are moving higher.
We overplay our hand and have too much in one sector or too much in one country and while mainstream investments perform we are left wondering what we really own.
Thats why the cornerstone of an investment portfolio should be broader based investments so you are not left wondering why you are doing one thing and the market is doing another.