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How Brad Pitt's Moneyball taught us how to invest

Updated: Nov 11, 2021


At Wealth Engagement, we love the movie Moneyball starring Brad Pitt and Jonah Hill. It showed that baseball’s conventional wisdom about how to value players was dead wrong. Instead, Pitt and Hill’s characters trusted the numbers and ran the team like a hedge fund by making every dollar work harder.


Wall Street Gets it Wrong


We think Wall Street’s conventional wisdom is also wrong. Mutual fund managers think they can pick stocks, swing for the fences, and beat market index averages like the S&P 500. These star fund managers are expensive to hire, and it doesn’t make them any more likely to beat the averages. And in fact, they don’t — SPIVA (S&P Indices vs Active) statistics show that 75% of managers underperform the S&P 500, and it is your money that is paying for their poor performance.


How We Do It


Like the magic of Moneyball, we partner with each client to understand their personal financial priorities, so we can develop a customized blueprint and investment strategy.


For a bit of inside baseball from my experience on Wall Street, the actively managed funds with high administrative fees rarely beat their benchmark averages. Similar to Billy Beane’s strategy of picking low-cost players who beat the rich teams that hired expensive players, it is often better to invest in low-cost ETFs that track the market averages.


Curious to Learn More?


Schedule a free consultation with me to become the hero of your own financial journey and get engaged with your wealth.


I look forward to speaking with you soon!


Tiffany

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Wealth Engagement LLC is a Registered Investment Adviser with the U.S. Securities and Exchange Commission and is located in Atlanta, Georgia.

This website is intended for residents of the United States and is limited to individuals residing in states where Wealth Engagement LLC is notice-filed or otherwise exempt from registration. Please contact the firm at 404-343-2060 to determine whether we are qualified to provide investment advisory services in the state where you reside.

 

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3715 Northside Pkwy NW

Building 100 - Suite 500

Atlanta, GA  30327

Office: (917) 826 - 5955

Email: tiffany@wealthengagement.com

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