Super Bowls and Investing Are
Counter-Intuitive
by: Brendan MageeThis past Sunday's Super Bowl will go down as one of the greatest Super Bowls of all time. The New England Patriots came back after being down in the second half of the game by a score of 28 to 5, and the truth be told I missed the entire comeback.
I watched the first half and saw how Patriot's Quarterback, Tom Brady get pounded, I saw the Falcons score in every way possible. I watched the first series of plays in third quarter and came to the conclusion that the Falcons were not going to lose that game and went to bed. I found out just how misguided my perspective was on Monday morning. I just couldn't imagine how the Falcons could have lost that game. The outcome was completely counter-intuitive.
One of the reasons people have such a difficult time with investing is it works in a counter-intuitive manner. Invariably, the world of investing works completely the opposite of how all the evidence suggests.The one thing we seem to forget be it investing or Super Bowls is that what has already occurred has absolutely nothing to do with what will happen in the future and the future is completely random and unpredictable. It's a lesson that is often very difficult to remember, especially in the heat of the moment, but we will save ourselves a lot of pain and regret if we can hang on to it.
Brendan Magee is the founder and president of Inevitable Wealth Coaching. With questions, comments, or feedback e-mail brendan@coachgee.com or call 610-446-4322.
