| You Don't Need to Be Rich to Win. You Need This... | | By Brian Weepie | | Monday, May 8, 2017 |
| "Having the most money doesn't always make you the winner," Moneyball author Michael Lewis said to us on stage.
For example, in 2002, the Oakland Athletics had the third-lowest payroll of any team in baseball. The New York Yankees paid their players nearly three times more – an extra $80 million.
Yet the two teams made it the same distance in the playoffs.
Money didn't make the Yankees the winner. And a lack of money didn't hold the Oakland A's back from making it the same distance as the Yankees.
So how could this happen?
----------Recommended Links---------
| '2017 could make you rich' says PhD in rare new interview
The surprising reason why a $500 investment in the stock market could double your retirement account by year's end. A PhD economist explains the unlikely event that will create a "second chance" to make a fortune in the market over the coming days and months. Click here to watch. |
|---|
| You'll be the one who saw it all coming...
In just a matter of days, an announcement is expected that will begin a flow of hundreds of billions of new capital into one tiny list of stocks. And our Dr. Steve Sjuggerud wants to show you exactly how to profit from this. This time next year your friends and family will ask how on earth you knew about all this... Learn more here. |
|---|
---------------------------------
Lewis' bestseller Moneyball tells the story of how it happened. And at the Morningstar Investment Conference in Chicago last month, he also talked about why it happened…
At one point, Lewis said he was in the A's locker room, and he saw the players leaving the showers. He told the execs in the front office that the guys didn't even look like pro athletes. Several had big bellies. They weren't good-looking, chiseled, and lean. They didn't have the classic pro-athlete look.
But that was OK, the A's management told him. These misfits had a particular set of skills…
You see, the big-money teams like the Yankees were relying on old-school "scouts" to find potential players. A scout trusts his gut and uses basic stats to make an assessment… the same stuff you and your buddies use to compare players.
In other words, the big-money teams weren't doing anything unique… They thought they could throw money at old ideas and get results.
The A's didn't have money, so they took a different approach.
What did the A's do?
Lewis told us the A's wanted players who didn't look like pro athletes, but had subtle abilities… specific abilities they'd determined were the actual keys to success in baseball.
The A's did in-depth research to learn which stats actually matter in getting wins. They stopped looking at batting averages and instead focused on things that were proven to deliver runs, like on-base percentage and slugging percentage. They looked at "number of walks" as a good thing, for example.
No one else realized these skills were important… So the A's were able to build a roster of misfits for a low price. And it worked. The A's figured out what mattered, and they succeeded.
On stage in Chicago, Lewis said that Moneyball wasn't a book about baseball… As he told us, "Moneyball was a book about how the markets didn't value people properly."
It's really about human behavior. It's an example of how you can exploit certain situations to your benefit.
So what does this mean for us as investors?
It means it's OK if you don't have the most money or the biggest portfolio. Don't worry if you can't invest in a high-priced hedge fund or hire a hotshot investment advisor.
You simply have to find your own way to exploit your situation to your benefit. You have to find the edge. You have to figure out what matters, and stick with it.
You don't need to be rich to use Steve Sjuggerud's "cheap, hated, and in an uptrend" strategy. Steve figured out what matters – what works – and he sticks with it.
Knowing what matters can give you the advantage in your career, too…
For example, if you're a real estate agent, you likely know more about the real estate market than 99% of people out there. You live it and breathe it every day. Heck, you probably know it better than most Wall Street analysts.
I encourage you to learn to find the edge in your business, just like the A's did. Your business will perform better. And it might help your investing, too…
Realtors see supply and demand in housing every day. They've got a strong gauge of when prices are likely headed higher… And that could make homebuilders a great buy.
Don't worry about what other people think. Find the numbers that really matter. See what others aren't looking at.
Like the A's did, find your edge. Have an analytical advantage in what you do, not an emotional one. And profit from it.
Good investing,
Brian Weepie |
Further Reading:
Regular DailyWealth readers know Steve Sjuggerud looks at the market with a contrarian lens. And recently, he found what he calls "the greatest anomaly in finance." Learn the simplest way to profit right here: This Great Anomaly Will Go Away Soon – Take Advantage Now. "To be a great investor, you have to be willing to look at the stock market in ways most other people don't," Dan Ferris writes. And if you're looking for investment opportunities, one resource can offer surprising insight. Learn more here: Three Clues for Finding Companies That Jump off the Page. |
|
NEW HIGHS OF NOTE LAST WEEK Facebook (FB)... "FANG" stock Amazon (AMZN)... "FANG" stock Netflix (NFLX)... "FANG" stock Alphabet (GOOGL)... "FANG" stock Corning (GLW)... high-tech glass Apple (AAPL)... iPhone, iPad, Apple Watch Microsoft (MSFT)... Windows, Office, Xbox Electronic Arts (EA)... video games GoDaddy (GDDY)... Internet "toll-booth operator" Shopify (SHOP)... e-commerce powerhouse PayPal (PYPL)... online payments Priceline (PCLN)... travel-booking website Expedia (EXPE)... travel-booking website Marriott (MAR)... hotels Carnival (CCL)... cruises Cedar Fair (FUN)... amusement parks McDonald's (MCD)... burgers, fries, chicken nuggets Hostess Brands (TWNK)... Twinkies, Ho Hos, Ding Dongs Aetna (AET)... health insurance Cigna (CI)... health insurance UnitedHealth (UNH)... health insurance Becton Dickinson (BDX)... "World Dominator" of needles and syringes Boston Scientific (BSX)... pacemakers, defibrillators, stents Quest Diagnostics (DGX)... medical testing H&R Block (HRB)... tax preparation Visa (V)... credit cards MasterCard (MA)... credit cards Burlington Stores (BURL)... discount retailer Wal-Mart (WMT)... discount retailer 3M (MMM)... Post-it notes, Scotch tape, Scotch-Brite sponges
NEW LOWS OF NOTE LAST WEEK Verizon (VZ)... telecom Viacom (VIA)... Nickelodeon, MTV, Comedy Central Kimco Realty (KIM)... shopping centers Tanger Factory Outlet Centers (SKT)... outlet malls Bed Bath & Beyond (BBBY)... home goods Ford Motor (F)... cars and trucks Hertz Global (HTZ)... the death of rental cars |
|
| My latest 'fat pitch' opportunity to make triple-digit gains By creating an edge, you can find profitable investment opportunities that no one else sees. I like to call these opportunities "fat pitches"... And today I'm sharing my latest "fat pitch" opportunity. It comes from the most hated market in the world. And right now is the time to buy... Click here to get immediate access. |
Are You a
New Subscriber?
If you have recently subscribed to a Stansberry Research publication and are unsure about why you are receiving the DailyWealth (or any of our other free e-letters), click here for a full explanation... |
|
| A Serious Warning About the Coming Collapse in Corporate Credit | | By Porter Stansberry | | Friday, May 5, 2017 |
| | Listen to this warning... The next financial crisis won't be like any other you've ever seen. |
| | A Bubble in This Sector Could Trigger the Next Financial Crisis | | By Porter Stansberry | | Thursday, May 4, 2017 |
| | Today... something I don't think you've seen anywhere else before – the "butcher's bill" of our current economic policies. |
| | This Market Has Doubled Three Separate Times in the Last 12 Years | | By Dr. Steve Sjuggerud | | Wednesday, May 3, 2017 |
| | You might not know it, but this country's stocks have doubled in a single year three separate times – all within the last dozen years. And there's a great chance that it will happen again, soon... |
| | This Great Anomaly Will Go Away Soon – Take Advantage Now | | By Dr. Steve Sjuggerud | | Tuesday, May 2, 2017 |
| | I've called this "the greatest anomaly in finance." It's a massive discrepancy – one that makes no sense. |
| | Japan's 527% Boom... And Why China Could Be Next | | By Dr. Steve Sjuggerud | | Monday, May 1, 2017 |
| | Japan in the 1980s was one of the greatest booms in stock market history... |
|
|
|
|
