“If you’ve ever played golf, you know that getting to the green is usually the easiest part,” Jason Hall writes for The Motley Fool. “Within a few strokes, you can cover hundreds of yards, easily more than 95% of the distance to the pin.”
“Investing can be the same way. The long game is what happens after we’ve bought — it’s the waiting and watching, while the ball travels though the air, flying out over the nice, short grass in the middle of the fairway, or occasionally veering into the rough,” Hall writes. “Every so often, it hits a tree and careens wildly out of control, unpredictable and usually not ending up where we want. Sometimes it ends up in the water. Under water.”
Hall writes, “But most of the time, getting close to the green only takes a few strokes. But depending on the terrain we are in, and where the pin is placed on the green, it’s easy to take just as many swings (or more) to cover that last 20 yards. And as investors, we deal with the same thing, but the difference is simple. In golf, we have to take the swings to get the ball in the hole. As investors, sometimes the best thing to do is just leave our clubs in the bag.”
Much more in the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
Related articles:
Apple loses ‘World’s Most Valuable Company’ crown to Exxon Mobil – January 25, 2013
So, what tech company is healthier than Apple? – January 25, 2013
Jim Cramer: Arrogance of Apple’s management is what hurts AAPL shareholders the most – January 25, 2013
Ok. I left the clubs in the bag (All 2,000 of them.) Someone at Apple has let them take the clubs and beet the crap out of me. If only someone at Apple would MAN UP and DEFEND THEIR INVESTORS. SOON!
Well, as a golfer…..I think I get the analogy!
It’s Australia Day in my part of the world….a day not revered by our ( disadvantaged aboriginal population ) and cause for celebration by non indiginous Aussies.
In my case there is a significant sailing event in nearby Geelong @ The Royal Geelong Yacht Club. A mate has sailed down from The Royal Melbourne Yacht Squadron and won the sail down to Geelong race. Refer Apple Maps for details….you Americans seem ignorant of Australia…..the comment about the release of iMacs amused me…..the writer seems to think Macs are sold only in the US…..come on, as Lleyton Hewitt I unused to pronounce!
What’s all this got to do with Apple? Well, we have 12 Apple devices and…..at times, use them all!
Personally for a ‘failing’ company…..re the stock market…..I think Apple are doing pretty well!
It amazes me that Samsung…..there, I said ‘that’ word……sell so many junky plastic phones……even more amazing that so many buy them!!
My iPhone 5 is amazing….as is my MBA and my 27″ iMac…..but I guess my iPad (3) 64 gig and 4G, is my most of often used Mac!
Again Windows new Tablet is bombing and the SS Galaxy just another viscous rip off from APPL.
Korean companies seem to be based on copying successful enterprises……..Hyundi, SS etc…..etc…!
One day, when they are seen to be developing innovative Korean products…..we may have cause to worry!
I have a Honda Si….Sports…..and JD Power consistently rates Honda and Toyota as the two premier companies in the auto world…..they were copiers too……once!!!
Happy Australia Day to all MDN readers! And no I did not receive an AO ( order of Australia for the US readers )
Note, that I am very fond of Americans, so take some of my comments…..’tongue in cheek’
I am a Nikon shooter and love DP Review….of course!
Golf is for sissies.
That said, enjoy your Australia Day festivities. Here in my part of the world, it’s -17 C.
I enjoyed my time working in Oz. In particular, I fondly remember the Christmas spend in Brisbane.