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CFA, CFP, Team USA: Investing Tips From Olympians

Some financial advisers tout their stock-picking success. Others point to the many designations – certified financial planner, chartered financial analyst, certified retirement financial adviser – they have attached to their name.

Investment adviser Taraje Williams-Murray, who competed in judo at the 2004 and 2008 Olympics.

But a select few can boast of an altogether different credential – one that has seemingly little to do with investing, but that’s sure to catch many an investor’s attention: former Olympian.

Sure enough, the occasional Olympic hero finds his or her way from the games to the financial firm down the street. The advisory ranks include such greats as aquatic legend Mark Spitz and speed skater (and two-time medalist) Eric Flaim. But several lesser-known Olympians have also gone on to brokerage houses, insurance agencies and the like. And they say the experience of competing at the highest international level not only defined who they are, but also how they approach managing other people’s money.

We caught up with three such athletes-turned-advisers to hear about their moments of Olympic glory, and to learn a little about their investing philosophy as well.



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    • JonInteresting view from wherever you are. I may ask for some rerceenfes before I get through, as some of your latest claims are really fantastic. Lets look at a few things:”And let’s consider the failures you mentioned. The Soviet Union. Went from being third world to second world. Put men in to orbit. ” Is this an argument that the Soviet Union wasn’t a failure?Put men in orbit? So what? How did that improve the lives of soviet citizens? Does becoming a major world power help a country’s people, I don’t think so. You are confused about the role of government.Here are some pictures from in Russia. This standard of living was required so that the top down government could put men in orbit, instead of providing better housing for people. Is this what you want to hold up as an example of good government?”What has free market Haiti or free market Jamaica accomplished, with their tiny tariffs, tiny government, no state provide health services.”The problems in Haiti and Jamaica are government failures, whether their own, or external. their problems have nothing to do with free markets. You may also be confused about what a free market is. One of the problems in Haiti is that small businesses can’t develop because 40% of the GDP of Haiti is foreign aid.Brazil is under US rule? That’s news to me. I’ll need a reference, please.”People want to compare the Soviet Union to the US. But the US after WWII had half the wealth and only 6% of the population. What do you expect? And after they fall and the state provided health services disappeared the death was massive. Larger than the tolls due to Stalin’s purges. That’s what going through free market reforms produces.”I guess you mean that the US had 1/2 the world’s wealth and only 6% of the world’s population. If not, then that statement doesn’t make sense.I’ll need rerceenfes for those massive numbers of deaths since 1989. Between Stalin’s political purges and the collectivization of farms in the 1930s, by some estimates, 30-40 million people died. That seems like an unusually large number to have died from free market reforms. are you sure you’re not just making that up? Cuba? Yes, Cuba has been harassed by the US government ever since the revolution. But if Cuba is such a great place to live, why is it that so many people are willing to risk being eaten alive by sharks so they won’t have to spend another day in that tropical paradise? By the way, they come to the US. And what about Haitians refugees? When they leave Haiti, they don’t just travel 50 miles to the blessed shores of Cuba, they travel 700 miles to reach Florida. Are they all nuts? “And yet their health services are ranked just below the US by the World Health Organization.”Two things. There are two levels of healthcare in Cuba, one for the poor, and one for the elites, and the WHO gives a lot of weight to “fairness”. Universal coverage can earn a high WHO ranking even if medical outcomes aren’t so good.If you like, we can also discuss differences in definitions of live births between countries also, which causes differences in life expectancy figures, another highly weighted part of the WHO rankings.You may want to quit using that WHO ranking when you compare political systems if you want to be taken seriously.

    • I’m raising my hand too.After all Mike has been thgoruh?Co-opted?Get a job dude.And in case you might wonder,that is just a figure of speech I and an old friend use as a refreshing subtitute for “get out of town”,”yeah right”,or the more recently popular “whatever”.It doesn’t mean I think you don’t have a job.Moving right along…as a music lover Mike,here is a song I think you may definitely appreciate: “”

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    • I don’t think Olympians are any better/worse than any other financial person.

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