Johnson & Johnson Stock: The Acquisitions Continue

Legendary UCLA basketball coach John Wooden was famous for saying “preparation is the prize.”

He explained what he meant by this concept on page 53 of his biography “Wooden: A Lifetime of Observations and Reflections On and Off The Court.”

Wooden’s comment: “Cervantes wrote, ‘The journey is better than the inn.’ He is right and that is why I derived my greatest satisfaction out of the preparation–the ‘journey’–day after day, week after week, year after year. Your journey is the important thing. A score, a trophy, a ribbon is simply the inn. Thus, there were many, many, games that gave me as much pleasure as any of the ten national championship games we won, simply because we prepared fully and played near our highest level of ability. The so-called importance of a particular game didn’t necessarily add to the satisfaction I felt in preparing for the contest. It was the journey I prized above all else. Too often we neglect our journey in our eagerness or anxiety about reaching the goal. A successful journey becomes your destination and is where your real accomplishment lies.”

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