Our society is obsessed with winning. Whether it's an Oscar, Tony, or Grammy, the World Series, the Super Bowl, the Stanley Cup, or Olympic Gold, competition encourages generations of Americans to pedal to the medal of success. For many, winning is the only thing. As legendary football coach Bear Bryant said, "Tying is like kissing your sister."
As investors who would rather kiss a frog of an undiscovered stock in hopes of it transforming into a prince of a winner, we compete by trying to beat the Dow, the S&P, the Nasdaq 100, or maybe even Uncle Jake (who can't stop letting us know about his great portfolio returns). Everyone wants to boast being the number one analyst, mutual fund, or investor on the block. Unfortunately, by going for investing gold, investors can become fixated on their results, often losing sight of many mini-successes attained by simply participating in the investing process.
More from The Motley Fool
Nintendo Switch Is the Fastest-Selling Console in U.S. History
And it could be on pace to become the best-selling console ever. How has Nintendo worked this magic?
Our Best Foolish Advice for Getting Healthier and Wealthier in 2018
At The Motley Fool, we assert that financial fitness and physical fitness can be linked.
The Secret Incentives That Lead "No Commission" Brokers to Push Higher-Fee Products
Finding truly unbiased financial and investing advice is even harder than you might have thought.