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Sports & Finance Are The Same, But Different
The sports sector is very popular among young adult men, and it is these young adult men who need to manage their finances.
I’m amazed at how many stats some people can cite about a team, individual players, their season, their chances, their odds of winning a game, and even who the players identify with.
If you want to spend a certain amount of time every day, reading sports pages, it is better to get something out of it.
Exercise is a great form of exercise and it’s exhilarating. Watching your team win is exciting, but does it fatten your wallet?
If you like the sports page, you should explore the business section of the paper.
The sports sector and the business sector are the same, only different.
In Bangkok, where I live, there are t-shirts that say; “Same, but different.”
Seeing one of those shirts over the weekend gave me the idea for this article and got my brain moving. Since I spent most of my life in the financial world, I knew I could draw comparisons between the sports section and the business section of a newspaper.
I will be with you beforehand; I have never been a fan of sports. My father read it religiously every day of his life.
I was interested in sports and played baseball in the summer and hockey, tennis, and soccer during my high school years, but I never cared about who hit the most home runs or signed a contract.
If you are not making the amount of money you want to make, I suggest you switch from the sports sector to the business sector.
If you think the business part is too technical or too difficult to understand, think about how long it took to determine players’ ERAs, handicaps, or umpire’s signals.
If you have the brains to understand sports rules, scores, player positions and competitive advantages, you have what it takes to break through the business sector and find an idea, strategy or opportunity to make money.
Focusing on photos is common in both sections, along with headlines that will get you noticed again.
Opinions are a dime a dozen, and in both sports and business there is speculation, everyone wants to know what’s next. Predictions, probabilities, predictions, and analysis encompass both the world of sports and the world of business.
There are always highlights. Tiger Woods will get coverage because he is the best in golf, and Warren Buffett will get a lot of press because he is (at the time of this writing) the richest man in the world. He sometimes swaps places with Bill Gates and Carlos Slim.
A big game is lost because a key player makes a mistake, and a company goes down the drain because a key member makes the wrong commitment or misses an opportunity of a lifetime.
Of course, there are disputes with officials, lawsuits and a lot of stress. Members of both the sports and business sectors sometimes remove players of the week and those who have broken the law for any reason. Some players from both “leagues” get arrested and some get hard time.
The schedule is important because there is something special about number one. Being recognized as the best in your field is highly rewarding. Usually the Detroit Pistons are fighting for the top spot, and Toyota is fighting General Motors for the top spot.
Celebrities are all part of both “games”. Knowing who Tom Brady is dating is like knowing who the Oracle of Omaha wants to hang out with.
Like a Hollywood hot sheet, scandal, tragedy and criminal charges are front pages in both installments.
International competition makes friendship even stronger. As the World Cup gathers momentum and fans; China aspires to be the world’s leading producer.
The standings show how a team is doing during the season, but in Wall Street, they have their seasons, either the calendar or the fiscal year, and like football, the game is divided into quarters to show what to expect. to be corrected. to go up.
There are many rumors in both “worlds”. Is one of the key components of the team or company jumping to a competitor?
Data pours out of the base camps and the frenzy begins, and predictions, predictions and commentary are given fresh fuel to fill another column for another day.
The power struggle is always worth reading and debating about who has the most experience and stamina to do the job, but there are stories of sadness in both divisions.
Day after day we are exposed to facts, figures and predictions that really do not matter to us. There is a lot of useless information. Shocking statistics and figures that very few readers understand are given in black in both “worlds”.
Both are guilty of wasting time and attention on things no one cares about, but they always do.
It’s the scenarios, the “what if” factor that I like. Everyone thinks they know what’s coming next, and they’re spending their money to prove it. When gurus make a mistake, they are quick to come up with an excuse as to why it didn’t follow the intended logic.
“If” they change their quarterback? “If” they can’t lower the cost of their raw materials?
Sports betting is popular and buying stocks based on breaking news is one type of bet, but I bet you would never think that the sports section of a newspaper and the business section of a newspaper are more similar than they are. different
If you spend part of your time every day reading the sports section of the newspaper, switch to the business section with the same passion and you will discover everything that attracts you to sports.
The sports page gives you things to think about, talk about and follow, while the business section gives you things to learn, ponder, research, track and fatten your wallet. “Same, but different.”
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