Mike Milligan compares Morocco's World Cup upset over the Netherlands to investing. Forty years of data show top-ranked assets don't consistently win. A good portfolio owns both the favorite and the underdog, because upsets happen.
The Round of 32 has delivered exactly what the expanded 48-team format in the World Cup promised, and that's chaos. Storyline 1: Morocco shocks the Netherlands, 2 of the top-ranked teams in the tournament. The match everyone called the headline of the Round of 32 tied 1-1 through 90 minutes, tied 1-1 through extra time, and then Morocco won 3-2 in PK shootout. The Netherlands, one of the favorites to make a deep run, is going home. Morocco moves into the Round of 16. And announces themselves as one of the stories of this tournament. The planning lesson: the upset is the rule, not the exception. Across 40 years of investing data, the favorites do not always win. The mid-cap, small-cap, the value name, the foreign market— they all have their decade. A One of a Kind Financial Plan owns Morocco and the Netherlands. We call it diversification.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
