Taking Investing Seriously | The Coffeehouse Investor

Posted in Bill's Blog on January 29th, 2012

My timing couldn?t have been better.?

A couple of days ago I suggested that you needed to take the numbers game called ?Sudoku? seriously if you were to become a successful investor.?

In yesterday?s Wall Street Journal, a book review on the very subject appeared, titled Taking Sudoku Seriously.? ?

Okay, Okay, the book review didn?t directly correlate Sudoku with investment success, but it was an interesting article, nonetheless.

What does Sudoku have to do with successful investing and reaching your financial goals??

Not much, you say?? Well, I?m with you.?

I?d be hard pressed to present any evidence of any correlation between reaching your financial goals and?mastering the the game of Sudoku.?

But, what happens if we exchanged some words on the above statement?? It would read something like this. . .

What does (following the stock market, picking top companies, keeping up with world events and economic news) have to do with successful investing and reaching your financial goals??

Not much, you say?? Well, I?m with you.? I?d be hard pressed to present any evidence of any correlation between reaching your financial goals and (following the stock market, picking top companies, keeping up with world events and economic news).?

Ah, now you probably aren?t so ready to agree with the above statement.?

I can assure you that the entire industry of Wall Street would vehemently disagree.? Why do I know that?? Because they continue to bombard society with the opposite notion ? that (following the stock market, picking top companies, keeping up with world events and economic news) IS important to you reaching your financial goals.?

Did anyone watch the recently completed Australian Open Tennis tournament?? Financial firms flooded the advertising airways with the myth that somehow (following the stock market, picking top companies, keeping up with world events and economic news) is vital to your success.?

One ad in particular caught my eye, that of a gorgeous young woman standing on a beach with her iPad in hand, checking charts, stocks, graphs and trends.? Who sponsored the ad?? Fidelity, of course, in conjunction with Apple.?

Hmm.? If our culture says it is important, it must be important.?

Or is it??

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Source: http://www.coffeehouseinvestor.com/2012/01/taking-investing-seriously/

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