Successful Investing (Part 3)

All the world will be looking at Beijing today; but what they should be watching is the athletes.

With all the news about the politics, pollution, and public relations associated the Beijing Olympics, what seems to have been lost is the years and years of preparation that thousands of athletes have undertaken. I’m getting pretty sick of the phrase, “coming out party.” I thought the Olympics were about the competition.

But what we can learn from these athletes is significant. Character qualities of determination, perseverance, and poise under pressure are directly applicable to the investing world. And that’s lesson #3: successful investing is about you—your goals and the discipline to reach those goals. Just as an Olympic athlete must train even in adverse conditions, the successful investor needs to stick to his disciplines, even when times get tough.

Because (with apologies to Vince Lombardi) those are the times when our investments can really get going.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T20:45:34+00:00 August 8th, 2008|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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