Lessons from St Andrews | Wisdom, Wealth, and Wellness
Lessons from St Andrews | Wisdom, Wealth, and Wellness
Jonathan Satovsky reflects on his recent experience of playing golf at The Old Course at St Andrews, drawing parallels between the sport and life lessons that any investor can take to heart.
The Old Course at St Andrews, the origin of golf.
I had the privilege of being able to play there with my father, no less, recently.
And there were some tremendous lessons learned that apply to life and finances, and I wanted to share them today.
1. Tradition
It is a beautiful thing. You develop certain traditions, certain customs, and certain habits, and they carry the test of time if they’re rooted in good and a good foundation.
2. Bunkers
The second thing is there are a lot of amazing bunkers. They’re all named – they have names for all their bunkers, and the bunkers are insane.
Of course, I had the good fortune to land in one of the bunkers, as you see by the photo, and it’s analogous to life.
You can hit a perfect drive, you can do everything right, and sometimes the world is not functioning the way you like it to in finance and investing. Sometimes things just aren’t clicking.
You end up in a bunker, you end up in a pothole, you end up getting a setback and it’s important to stay calm, to stay focused, to stay disciplined and keep working on the fundamentals.
It’s an opportunity to improve and learn from every experience. So think about that, whether you’re playing at Old St Andrews or whether you’re saving for your future financial freedom.
There are going to be setbacks, there are going to be bunkers, there are going to be potholes, and you have to keep going on your path to Wisdom, Wealth, and Wellness.
Have a great day.
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Disclosures
This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.
Further Reading
Jonathan Satovsky Interviews Rabbi Simon Jacobson
Always on the run
Learning something new
