ESPN aired a documentary recently about Coach John Calipari’s rise to fame appropriately titled, “One and Not Done”. The show focused primarily on his approach to recruiting elite players who call the University of Kentucky home for one year before moving on to the NBA.
It was an interesting expose spotlighting how Calipari’s unique method has been polarizing for many in the sport while having a wide affect on basketball at the college level.
There were many who opposed Calipari’s pioneering strategy stating it did not coincide with the way things have always been and that coaches should focus on more traditional ways to win games. Others who were in favor cited the new excitement it has brought to the game and the realities of it’s effectiveness.
However, there was one statement given by a former coach that summed things up best when he said, “The fact is that the strategy works, and you can continue living in what used to be or realize the new reality of what is.”
The program concluded by saying many of the coaches who had previously been against Calipari’s approach have now succumbed to it to stay competitive among the crowd.
This is a great example of what has been taking place in the investment world for years.
What used to be and what is now are vastly different. Because of these changes, many believe Buy and Hold and Asset Allocation no longer have a competitive advantage compared to new strategies designed for the New Economy.
Just because you are doing what you have always done does not mean this is still relevant or the best approach moving forward. Your financial future depends on being able to adapt to changing economies using updated strategies designed to grow during the good times and protect during the bad.
If you are ready to update your approach and align to the New Reality, contact us to learn more.
Disclaimer: This newsletter is a publication dedicated to the education of individual investors for informational service only. The information provided herein is not to be construed as an offer to buy, sell or hold a stock of any kind. All economic and performance data is historical and not indicative of future results.
There are many factors that affect investment performance including, but not limited to, general economic and market conditions including market volatility. There can be no assurance that these factors will affect future investment performance in the same manner as historical performance. All investments involve risk of loss. There can be no assurance that a portfolio will achieve its investment objective.
Advisory services offered through Enhance Wealth, a member of Advisory Services Network, LLC, 6600 Peachtree Dunwoody Road, Embassy Row 600, Suite 575, Atlanta, GA 30328. 770-352-0449 Insurance products and services offered through Enhanced Capital, LLC. Advisory Services Network, LLC and Enhanced Capital, LLC are not affiliated.