Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

3 Essential Lessons We Investors Can Learn from Top Winemakers

by June 28, 2024
June 28, 2024
3 Essential Lessons We Investors Can Learn  from Top Winemakers

“It takes 10 years to learn from the vineyard, and another 10 years to learn the wine from that vineyard.” — James Molesworth

Metaphors and analogies are powerful teachers and offer behavioral adhesiveness. In other words, the ideas and lessons they present stick in our memory, and can thus more easily become part of our routines. Sports metaphors are everywhere, but I believe this analogy of investors and winemakers is also extremely powerful.

James Moleworth’s perspective introductory quote is based on his career over three decades in the wine industry. Similarly, my own decades as a full-time investor yield a similar axiom. Not as frighteningly long term as his ten-and-ten perspective, but nevertheless, mine is perhaps closer to five-and-five.

If a winemaker can take two decades to hit a really consistent stride and produce top tier wines, investors who aspire to produce consistent out-performance and profits must also embrace a willingness to play the long game. Hence, keep in mind these three essential lessons:

Investors should accept that their initial learning and growing phase will take years. Achieving mastery is worth the effort, but you don’t get vaccinated with that ability in a one-day seminar. You must experience the seasons of the market and appreciate how you react to bullish, neutral, and bearish scenarios. During these years, you are blending disciplines, tinkering with your methodology, and beginning to demonstrate competence. Yes, you are mastering the vineyard. A vineyard of your investments.Next, you move into the winemaker phase. You are harvesting what you learned. Like fine wine, successful investors can only be replicated with age. Of course, you need appropriate grapes to provide your foundation. But with each passing season in the markets, your wine (aka your skill set) will age and mellow, and you’ll begin bottling out-performance and consistent profits. This is very akin to the passage of top-tier winemakers. If you aspire to consistent outperformance as an investor, you too must be willing to take a similar journey. I often paraphrase this quote: “I worked all those years to become an overnight success.”As both an investor and connoisseur of fine wines, I want to assure you that both passages are worth the effort — truly!The third and final lesson is really the umbrella beneath which all this resides. The axiom is simple. Play the long game. Your portfolio will be healthier. Life will indeed be better.“An investor who has all the answers doesn’t even understand the questions. Success is a process of continually seeking answers to new questions” — Sir John Templeton

Sir Templeton certainly played an exquisite long game. Now, here’s a bonus addendum that’s totally separate from the three essential lessons above. Writing this blog has put me in a wine frame of wine! I’ve always maintained that wine journalists such as James Molesworth should teach college literature classes, because they are some of the best wordsmiths out there. These are a few hypothetical examples of how talented writers might describe bottles of vino:

This wine is broad in feel but not lacking in cut.It’s lushness doesn’t sacrifice it’s racy edge.It’s bracing with hints of youthfulness buried there.Expressive waves harnessed in this elixir.A plump kiss inlaid seamlessly within the bottle.It’s overt personae glistens with purity yet lurking beneath is a polished sophisticated racy element.It forms a tensile matrix steep in feel yet laced with bravado.It’s taut and coiled with much energy in reserve.The vibrant bristling core that hasn’t unwound yet.It sings beguiling notes expressing a hedonistic overall manner.

0
FacebookTwitterGoogle +Pinterest
previous post
What to do when you’re free and bored at home: 30plus life hacks and ideas for us
next post
Access to Methadone Treatment Is Pathetically Low

You may also like

Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment...

January 22, 2025

RRG is Sending a Clear Message And Finds...

October 20, 2023

How Bad Could This Selling Get?

July 6, 2023

AMD at a Crossroads: Buy Now or Brace...

May 2, 2024

2 NEW AREAS Are on the Move –...

June 29, 2024

Rules-Based Money Management – Part 8: Putting Trend-Following...

June 6, 2024

Overbought until it Turns – Using the McClellan...

April 14, 2023

Unlocking Insights: Your Top Questions Answered! Q&A with...

August 18, 2023

Halloween Scare: The Stock Market Ends October on...

October 31, 2024

Sector Spotlight: Sector Rotation and Macro Insights for...

November 14, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rescissions: A Small but Welcome Step Toward Spending Discipline

      June 5, 2025
    • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

      June 5, 2025
    • GREGG JARRETT: Biden, the ‘marionette president; and the case of the runaway autopen

      June 5, 2025
    • Trump Practically Bans Travel and Immigration from 12 Countries with Flimsy Security Justifications

      June 5, 2025
    • ‘He’s not a big factor’: Trump’s Senate allies dismiss Elon Musk’s calls to ‘kill the bill’

      June 5, 2025
    • Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,523)
    • Stocks (3,127)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved