What Willie Mays Can Teach Us About the Stock Market


What Willie Mays Can Teach Us About the Stock Market

Did you know that Willie Mays can teach us a lot about the stock market? Baseball and investing may have more in common than you think! We talk market statistics, market inefficiencies and arbitrage -- once a profitable strategy is widely known, it loses effectiveness due to widespread adoption (think the short squeeze on GameStop). We also discuss the potential decline of the US dollar's dominance as the world's reserve currency and the direction energy sources may go in the future. It's important to be financially prepared! Today we discuss...

  • Market statistics and sports statistics can be loosely tied together, with both requiring consideration of multiple metrics for evaluation.
  • There is no single metric that defines the best stock or the greatest player in sports.
  • Efficient market theory suggests that market inefficiencies are arbitraged out over time as more people exploit them.
  • How hedge funds often exploit small arbitrage opportunities, but these opportunities may disappear once they are widely known.
  • Momentum trading strategies can lose effectiveness as more market participants adopt them.
  • How some investors track congressional actions and use them as indicators for investment decisions, but this strategy may lose effectiveness over time.
  • Roaring Kitty's success with GameStop illustrates how retail investors can challenge institutional investors by exploiting publicly available information.
  • The Senate passed a nuclear bill aimed at reducing costs and expediting the permitting process for nuclear energy projects.
  • The expiration of a 50-year trade agreement with Saudi Arabia signals a shift in global power dynamics and highlights the need for the US to transition to alternative energy sources.

"Cash is not trash... Cash is King"   - Kirk Chisholm

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Today's Guest:  Kirk Chisholm

Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.

Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.

In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys. 

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