It Takes A Team …

What can we learn from this year’s NBA finals?

LeBron James. Source: Wikipedia

LeBron James is awesome. The 6’8” forward dominated the NBA finals this year, scoring an average of 36 points per game. By some measures, he had the best performance of any player in any finals ever—leading both squads in points, rebounds, and assists. But his team, the Cleveland Cavaliers, still came up short. They lost the series 4-2, giving the title to Oakland’s Golden State Warriors, the first team in 25 years to win an NBA championship without any Finals experience from any of the players on their roster.

How can someone so skilled fail to bring home the title trophy? The answer is teamwork. “King James” had a great series, but his team had only 16 assists per game—significantly less than Golden State’s average of 23. James put the ball up 33 times per game. There’s four other players on the court—one player can’t do it all.

It’s like that in any significant endeavor. We can do more together than we can individually. We’re social creatures. Whether it’s sports or investing or school or family, none of us is as good as all of us.

There’s no doubt that James is one of the best basketball players ever. This was his fifth consecutive NBA Finals appearance—something that hasn’t happened since the ‘60s. But success is a lousy teacher. It makes you think you can’t lose. Life is a team sport. As Magic Johnson, another great basketball player once said, “Ask not what your teammates can do for you, ask what you can do for your teammates.”

Douglas Tengdin, CFA

Charter Trust Company

By |2017-07-17T12:22:43-04:00June 26th, 2015|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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