When I was a kid, I was a huge baseball fan. I played the sport every day and made sure to watch every Mets baseball game on teevee, a ritual shared with Grandpa Fly. If you’re a National League fan like me, you know that Tony Gwynn was the best player in the 1980’s to the 1990’s. He was the Ty Cobb of our generation, putting up amazing stats, such as striking out less than 20 times per season ten out of the 19 years he played and NEVER striking out more than 40 times in a season.
Think about that.
In 1995, Gwynn hit .368 with 577 at bats, striking out just 15 times. The fuck?!
The year prior, during the god forsaken strike year, he hit .394.
In our business, it’s so tempting to want to be Babe Ruth. Truth be told, most of the homerun hitters are Barry Bonds, using nefarious methods to achieve greatness.
Single after single, Gwynn built a legacy of greatness that solidified his place in the annals of baseball history.
This is more for me than it is for you. I want to remind myself that controlling the beta, being consistent over outsized, is supremely more desirable in this business. The enemy of wealth is high beta and draw-downs. If I limit my world of stocks to companies that are performing now, over stocks that might perform in the future, I will greatly reduce my strike out ratio; and that’s what it’s all about.
Early going the futures are flat–but there is a positive tone to this tape, so I will not be surprised to see bears getting their arms snapped in half by 11am.
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All you need is one home run, nefarious or not.
Overall, you’re a giant dick and you know it.
I would have struck him out ….
When the Yankees embarrassed the Padres in the 98 WS, Tony Gwynn may have been the best player on the field, he hit .500 in that series.
Gwynn came to play every day.
in all seriousness, this might be one of your best posts ever
How does one compare art? It cannot be done objectively.
I am glad you at least liked one sport for a short time although I would have preferred it to be hockey.
No longer a gunslinger.
“The enemy of wealth is high beta and draw-downs.”
Allow me to emphasize “drawdowns”.
Welcome to small ball. Makes it easier to sleep at night. Try RH.
Tony Gwynn was the best contact hitter in Ken Griffey Jr. Major League Baseball.