Episode 26- Play Ball! How Baseball is a lot Like Life

The Small Change Big Gains Podcast · Apr 17, 2023 · 25m

Baseball is a lot like life. And in our context, it's a lot like investing. Even the best ranked teams could lose to the worst ranked teams in any given game. Similarly, even the best portfolios could have negative days.

Generally, no one game determines the fate of the team- losing one game does not equate to the end of the world. Investing is similar in that if a portfolio is properly diversified, one holding does not determine the outcome of the entire portfolio.

In baseball, you could make all the right choices and still lose a game. In investing, you could do all the research and due…