Friday, March 26, 2010
What can the NFL draft teach us about personal finance?
Just like a GM preparing for the draft, always remember to expect the unexpected when investing.
Though it's still more than a month away, the National Football League draft is the nonstop talk of sports radio... Given my hometown team's position at the number two pick in this year's draft, speculation is at an all time high. Will they pick the best athlete overall, or the one in a position they most need? Will their first choice be available, or will he already have been taken by another team? There may also be strategizing and offers to trade down to a lower pick.
There are several parallels to personal finance in these speculative times that we can learn from the draft...
FiLife: What can the NFL draft teach us about personal finance?
Though it's still more than a month away, the National Football League draft is the nonstop talk of sports radio... Given my hometown team's position at the number two pick in this year's draft, speculation is at an all time high. Will they pick the best athlete overall, or the one in a position they most need? Will their first choice be available, or will he already have been taken by another team? There may also be strategizing and offers to trade down to a lower pick.
There are several parallels to personal finance in these speculative times that we can learn from the draft...
FiLife: What can the NFL draft teach us about personal finance?
Permalink posted by markw @ 5:23 AM 
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