When you get close to a team, as I have had the privilege to do with the Super Bowl winning Philadelphia Eagles, you find a lot of lessons about life and, yes, to what we do with our finances. No, I am not doing this to shoe horn the fabulous victory that I had the good fortune to see in person with my wife, Lisa. I am doing it because as the season went on you could see this team was different, was special and had lots going for it that produce positive lessons in life.
First, understand that if you are facing a battle like the Eagles had against a true dynasty, you have to prepare better, you have to be more prescient and you have to just do it over and over again because in the heat of battle, on field, you can't get distracted by the greatest venue on Earth and the most talented and awe-inspiring opponent imaginable. So, when a quarterback, Nick Foles actually goes out for a pass, the gambit works because it had been practiced over and over again and could be done by rote.
What does this tell you? Simple: when you are in a dogfight like the more challenging market we have now, be sure you are ready, ready with plays that you can put on that can't be sidetracked. Do you have your scheme ready, your shopping list of stocks you want to buy when things come down? If you finally get your chance to buy a retailer, or a cloud stock or something that you have patiently waited for, don't shy away from the plan. Put it in place. You practiced and practiced buying, do it.
Two, take some risks. A lot of the reason why the Eagles triumphed had to do with Head Coach Doug Pederson and Offensive Coordinator Frank Reich, recognizing that what looks risky, a fourth and one, is actually a time when you don't want to give up the football, you want to go for it. You have a risky stock that looks like a wild choice. A buy of Adobe (ADBE) , or Service Now (NOW) or Tableau Data (DATA) when they are down, that may be the moment you take the chance, because you are doing something that makes a ton of sense, you are buying high quality in a high risk situation, something no one expects you to do. Don't be afraid to go for it; the odds of a win are better than you think.
Get your head in the game. You make a mistake or you get some bad luck -- franchise quarterback Carson Wentz goes down -- don't moan and groan, get back in the game fast with a stock that could be just as good. NO matter what, no woulda shoulda coulda, you don't control the luck, you do control the design, as executive vice president of football operations, Howie Roseman did. He constantly let go of weaker stocks to pick up stronger ones and upgrade the Eagles portfolio on both sides of the ball: true portfolio diversification
Above all, stay humble. Any time you think that it is you making all the right moves then you are going to make mistakes. Coach Pederson may want to Take No Prisoners, but he knows that so much that works is out of his hands so he is never cocky. Owner Jeffrey Laurie, a nice, good man filled with humility knows to thank his mom and his late dad for his success. What a great steward, patient, hopeful, respectful of the teams' fans.
Oh, and let me do the same. You hate to see a grown man cry, unless he's from Philadelphia and has suffered through many a loss and nary a Super Bowl win like I did. We all have our totems, we all could see that last night was Destiny versus Dynasty, and we all believe, quite falsely that we can influence the luck that is so often what makes us win, unless we are wearing the Eagles Veterans jacket of my late Pop, who didn't live to see a Super Bowl, making sure that Gronk doesn't pull down the Hail Mary and Nick Foles catches that touchdown pass.