The Best Thing About The Art Of Investing

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If you are a marathon runner and you take a couple months off to check out which toppings at Fortel’s Pizza Den are the best while spending your evenings trying to determine which of Baskin Robbins’ 31 flavors is truly the best, what do you think will happen?

Among other things, you probably won’t be able to run a marathon anymore. That is because marathon running is the type of life skill that is in need of constant maintenance—if you take a couple months off from running, you’ll have to go back to nearly scratch and build up your stamina all over again. No matter how fast you once were, if you take a couple months off from exercising, you’re not in all that much better shape than the person with a similar profile that had never been in such good shape in the first place. With most physical activities, the mantra “If you don’t use it, you lose it” seems to be an accurate description of the skillset.

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A Snapshot Into The Life of Sam Walton

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Lately, I have been reading the biography of Wal-Mart founder Sam Walton, titled “Made in America.” I haven’t finished it, but I came across this quote from David Glass (an eventual CEO of Wal-Mart) that gives a pretty good snapshot into the kind of guy that Walton was:

When Sam feels a certain way, he’s restless.  Two things about Sam Walton distinguish him from almost everyone else I know. First, he gets up every day bound and determined to improve something. Second, he is less afraid of being wrong than anyone I’ve ever known. And once he sees he’s wrong, he just shakes it off and heads in another direction.

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