Good morning, good afternoon, good evening, depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management, and on this episode of Seeking Wisdom, Wealth, and Wellness, I wanted to talk about the aspiration to do something different, to be unique, to be special, to unlock our unique talents.
Well, I’m passionate about finance and behavioral finance and how to help educate, motivate, inspire people into action for their future selves. It’s a concept basically like selling the invisible, selling someone a vision of the future they want to achieve before it’s actually happened, manifesting something in the future.
However, people don’t always see the progress they’re making or understand how to measure that progress until they look back 10, 15, 20 years on the co-collaborated design of the custom-tailored suit, or shirt, or financial plan of how it’s going to be successful.
What am I talking about here? Well, in behavioral finance, I’ve talked about this a lot, but the best-performing fund in the universe during the years 2000 to 2009 averaged 18% a year, and the average investor lost 11% a year. I know I’m talking quickly, so you may not follow, but why the gap? Why such a mammoth gap?
It’s not that we can’t find good investments. It’s that the investor doesn’t understand that his chief problem and worst enemy is himself. Ah! So we got to tie people to the post, get them onto a path, get them to sit still, block out the noise, take a walk, and enjoy your life on your path to Wisdom, Wealth, and Wellness, to observe the invisible.
Have a great day.
