Thursday, December 22, 2005

Why investing is a lot like my golf game

Investing is a loser's game: "Amateur tennis, Dr Ramo found, is almost entirely different. Brilliant shots, long and exciting rallies, and seemingly miraculous recoveries are few and far between. On the other hand, the ball is fairly often hit into the nets or out of the boundary, and double faults at service are not uncommon. The amateur duffer seldom beats his opponent, but he beats himself all the time. When two amateurs are playing each other, the victor in the game of tennis gets a higher score because his opponent is losing even more points."

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