现在正是一年中最好的季节：棒球的赛季。同时也是检查自己证券投资组合的好日子，确保自己的投资安排可以获得长期的成功。我的建议？建立自己的投资组合就想要组建一个棒球队一样。
Legendary Brooklyn Dodgers和纽约的棒球经理人Leo Durocher曾经说过，“棒球就像是教堂一样。许多人都参与其中，但是只有很少人真正懂得。”而股市也是一个比较类似的游戏。许多投资者都拿着辛辛苦苦赚来的钱投放到自己并不太懂得基金或者股票上去。
另外一个棒球圣者说的一句话更值得记住，尤其是在应对动荡不安的股市时。Yogi Berra称，棒球有90%都是心智上的较量，而不是体力。这个说法同样适用于投资。组建一个成功的投资组合是需要花费90%的努力，而其余的则是靠运气。在对的时机站在在对的地方，是精心研究和谨慎投资的副产品，如果你将投资组合建立的很完好，那么长远来讲你是会成功的。即使短期内你的运气可能并不好。
以下四点建议是从棒球队中获得的投资建议。
1.尽力达到多元化。不管是现实，还是空想，如果整个小组中都是一流的队员，那么这个球队并不会赢得太多的比赛。你的球队可能会大很多全垒，计分板上的数字也会不断上升。但是这些数字很快就会被对手赶上，如果小王子Fiekder想要打游击的话。
同样，你的投资组合必须能够应对任何的市场变故——有守有攻的组合能够使你免受突发损失，同时即使在不景气的情况下，也能够获得利润。蓝筹股可以确保你的收益，而增长较慢的股票则可以增加你的投资回报速度以及灵敏性。可靠的股票让你足以应对股市下跌的风险，在盈利较多股票上的少量投资怎是保证市场看涨的情况下，有所收益。
2.寻求价值。所有的棒球队都不可能像纽约洋基队一样，在最有潜力的宇航员和退伍老兵上花上上万的钱来培养他们。Billy Beane，一直是书和电影Moneyball的话题人物，打进棒球世界，靠的就是专注于研究特殊的技巧，并且用很少的预算集结高水准的球员比赛。
个人投资者要想取得这样的成功，可以去寻找一些被低估的股票或者是走下坡路的公司但是他们的底子又都不错。价值型投资者很长时间以来，都是通过购买一些因为负面消息遭到打击或者是遭受短期挫折的公司的股票，来赚钱的。躲掉那些空有虚名的公司，找一些公司根基比较稳健的股票，这样即使是不买保险，也能够建立一个不错的组合。
3.向长期成功而努力。尽管作为新面孔出现的迈阿密马林队会反对，但是只有建立在长期稳步的进步与成功之上的棒球队，而不是一个赛季的球队，才能取得最好的成绩。最好的球队都会有一群核心球员，只有在俱乐部时，才会暴露一些弱点。
投资也是这样。不要总是将自己的股票经常拿出来看看，找出你中意的公司，然后打算长期持有股票。相反，你应该时而看看这些股票，但不是要看某一天的股票涨跌情况。要为长久打算。最好是让自己的投资在未来几十年内的收益高于平均水平，而不是总在特殊时期遭遇重大损失。
4.找到可靠的管理方式，并坚持到底。一些教练比如Bobby Cox 和 Tommy Lasorda经营他们的俱乐部已经有几十年的时间了，但有时候他们领导的球队也会失分，导致名次不佳。经历失望之后，不是开除队长，相反球队的前方仍然对经理人能够带领他们取得胜利的充满了信心，并且始终不离不弃。尽管有时候结果也并非尽如人意。
共有基金的投资者在分配投资上，更应该做出这样的选择。寻找那些经营得当而且出色的基金，即使基金遇到短期的困难，也不必急着跳船。优秀的经理人会一直努力坚持，严守策略，长期下去，回取得很好的收益。相反去寻找没有任何交易记录的经理人，不如暂时坚持度过困难时期，最后的赢家就是你。
投资，就像这漫长的棒球赛季一样，是一场马拉松，而不是冲刺跑。因此根据情况组建自己的投资组合，同时也不要忘了观看球赛。打球去！
It’s the most wonderful time of the year: Baseball season,it’s also a good time to look at your portfolio and make sure you’re allocating for long-term success. My advice? Build your portfolio like you would a baseball team.
Legendary Brooklyn Dodgers and New York Baseball Giants manager Leo Durocher once said, “Baseball is like church. Many attend few understand.” The stock market is a similar game; there are plenty of investors who sink their hard-earned cash into mutual funds and stock portfolios without understanding the fundamentals of how to be successful in the market.
Another baseball sage shared a quote that’s good to keep in mind when dealing with the fickle stock market. Yogi Berra stated that, “Baseball is 90% mental. The other half is physical.” The same is true of investing. Structuring a successful portfolio is 90% hard work, and the other half is luck. Being in the right place at the right time is the byproduct of careful study and prudent investment, and if you build your portfolio well you’ll succeed in the long run, even if short term luck isn’t on your side.
Here are four lessons we can take from great baseball teams when putting together a portfolio.
1. Strive For Diversification
You won’t win many baseball games – real or fantasy – with a team full of first basemen. Your team might hit a lot of homeruns and put big numbers on the board, but those numbers will be quickly matched by your opponent when Prince Fielder tries to play shortstop.
Similarly, your portfolio should be diverse enough to weather all sorts of markets – a mix of offense and defense will guard your assets from blowout losses and can squeak out gains in flat market pitcher’s duels. Dividend-paying blue chip stocks can anchor a line-up, while smaller growth stocks can give your portfolio speed and agility. Dependable stocks can lessen your portfolio’s downside risk, and small bets on potential big winners can give your portfolio a potent offense in bull markets.
2. Look For Value
All teams can’t be the New York Yankees, spending hundreds of millions of dollars on top flight prospects and rock-solid veterans. Billy Beane, subject of the book and movie Moneyball, shook up the baseball world by focusing on obscure metrics and assembling a high-performing group of players on a small budget.
Individual investors can find similar success by looking for undervalued stocks and downtrodden companies with good underlying fundamentals. Value investors have long made big gains by buying into companies that have been hit by bad news or suffered short term setbacks. By avoiding the flashy names and focusing on stocks with good fundamentals, you can build a great portfolio without paying a premium.
3. Shoot For Long Term Success
Though the new-look Miami Marlins may disagree, baseball teams work best when they are built for a long period of steady success rather than a single, brilliant season. The best teams build a talented core group of players and only make trades when they need to address weaknesses in the club.
It’s the same in your portfolio. Rather than constantly cycling stocks in and out of your basket, find some companies that you like and plan to hold them for long time period. You should check up on things every now and then, but don’t obsess over whether your portfolio is up or down on a given day. Plan for the long term; it’s better to have your portfolio perform above average over decades than to have a few big seasons mixed amongst a collection of subpar years.
4. Find Steady Management And Stick With It
Coaches like Bobby Cox and Tommy Lasorda managed their ballclubs for decades, despite sometimes leading their teams to losing records and last-place finishes. Rather than firing the skippers after disappointing years, their teams’ front offices kept faith in the managers’ proven long-term ability to win and stuck with them, even through some lackluster results.
Mutual Fund investors would do well to do the same when allocating their money. Find funds with steady, successful management, and don’t jump ship if your fund goes through a rough stretch. Good managers will stay the course and stick to winning strategies, putting up good numbers in the long run. Rather than looking for a hotshot new manager with no track record, stay put through the challenging years and you’ll win in the end.
Investing, like the long baseball season, is a marathon, not a sprint. Structure your portfolio accordingly, and don’t forget to enjoy the game. Play ball!
