1) Consistently outperforming the stock market. The key word is “consistent” because to be the best at ANYTHING you have to be consistent. Michael Jordan is not considered one of the best basketball players of all-time because he scored 30 points ONCE in a game. It’s because he “consistently” averaged 30 points per game over a 15-20 year career. Paul Tudor Jones is not considered one of the best money managers ever because he was positive one or two years. It’s because he’s been “consistently” positive for over 25+ years.
Anyone can do well over a month, a year, or even 3 years in the stock market. However, there are only about 20-30 people in the world who have consistently beat the market over a 10, 20, or 30 year period. Every year, about 90% of mutual funds underperform the S&P 500. It’s definitely one of the hardest challenges to beat the market on a regular basis. It takes mental toughness, hard work, dedication, preparation, and of course some luck. Personally, I’m so passionate about it that it’s almost an obsession. But, hey, there’s nothing else I would rather be doing.
2) Being a stand-up comedian. The number one fear humans have is public speaking. Number two is death. In other words, people would rather DIE than speak in front of people. Now think about speaking to a crowd and having to be funny. I admire stand up comics because I think they are some of the most brilliant minds out there. More importantly, they really don’t care what other people think…something that truly makes one successful.
3) The third hardest job in the world? Being a bank teller in Alaska. Why? Because everyone who walks into the bank is wearing a ski mask.
I can be reached at: jfahmy@zorcapital.com.
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