“The future ain’t what it used to be” – Yogi Berra, New York Yankee Legend
Like many kids, I learned from an early age that a game can teach us more about life than most realize. Baseball is adversity. Baseball is success by way of failure. Baseball is discipline and perseverance. Sounds a lot like life doesn’t it? Or dare I say…investing?
For decades, one of the biggest complaints with Major League Baseball has been the wealth gap between small and big market teams. Teams in bigger markets have more money. More money equals better players. Better players equal more championships. The little guys start every single season at a disadvantage. While that may have been true over the last few decades, times are changing. And it’s no fluke.
In 9 of the last 10 years, at least half of all playoff teams fell in the bottom half of all MLB payrolls. In the 10 years prior, that only happened 3 times. Both World Series teams have proven that it doesn’t take a fat wallet to have success anymore.