Ten things investors can learn from the All Blacks
3 Nov 15
James Klempster, portfolio manager, Momentum Global Investment Managers takes a look at the 10 things investors can learn from the New Zealand’s Rugby World Cup winners.
Diversification is important: Rugby has very specialised positions and having good people in all positions is crucial. Each player does not have to be a superstar in their own right, but the selection must be complementary so that the combination is greater than the sum of the parts.
Consistency is key: Knockout competitions reward teams that are able to generate a very high level of performance on a consistent basis. Teams that are too fickle will eventually be found out. An investment philosophy that is founded on infirm principles will eventually be found wanting – even if it generates spectacular results from time to time.
Avoid paralysis by analysis: While analysis will always be an important element to professional sport and investing, it is also important to know when and how to make a decision. A culture and process that encourages quality decision making is important. Real winners are able to make the right decision, quickly, in the face of extreme pressure.
Tags: Investment Strategy | Momentum
