🧠 Bill Belichick’s Timeless Advice


In 1982, Mark Lenzi set an audacious goal for himself: win a gold metal.

As a diver in a competitive field, Lenzi knew that the odds were stacked against him. Undeterred, his singular focus for the next decade was to achieving his goal.

Lenzi’s intense focus and hard work finally paid off in 1992. He took home the gold medal at the Barcelona Summer Olympics.

Lenzi returned home a champion. Yet, something unexpected happened next: he fell into a deep depression.

Contrast that story with Bill Belichick, one of the most decorated coaches in NFL history. While many hall of fame coaches never win a single Super Bowl, Belichick has hoisted the ultimate trophy a record six times in his career.

Yet, when asked in 2017 what he still wanted to accomplish, he responded:

“I’d like to go out and have a good practice today. That would be at the top of my list.”

To the untrained eye, this answer might seem glib.

But Belichick is speaking to something much deeper: focusing on process goals instead of end goals.

Sure, Bill cares deeply about winning championships. But he knows that winning is a side-effect of accomplishing his process goals; namely, playing good football everyday.

That’s the beautiful thing about process goals: you have to do them everyday. Even better, when they become your focus, you get satisfaction from doing them every day.

When added up over time, process goals can deliver a far greater reward than any end goal ever could.

That simple insight it was Lenzi missed. His intense focus on his end goal caused him to slip into a deep depression once he achieved it.

Reflecting on his post-Olympic depression years later, he said: “I had kind of forgotten why I loved the sport so much.”

We know that financial independence is a wonderful end goal for your finances. In the end, however, what really counts is how much you enjoy the process of accomplishing that goal.

Warren Buffett is a believer in this premise. When he was once asked once why he continued to work and invest despite already being rich, he quipped:

“We enjoy the process far more than the proceeds.”

We feel the same way. All three of us love the process of getting better at investing. That’s where we choose to focus our time and energy.

And that subtle shift makes all the difference in the world.

– Brian Feroldi, Brian Stoffel & Brian Withers

In Partnership with ConvertKit

Newsletter Sponsorships Work

Guess what? You’re reading promotional content in a newsletter. Sponsoring influencer newsletters, like this one, is a great way to reach engaged and targeted audiences. It will build your brand — whether that is your personal brand or your business.

So here is the deal. This newsletter is part of the ConvertKit Sponsor Network (CKSN), representing more than 100 individual newsletter creators. Sponsor my newsletter and gain access to many more.

Sponsors Long-Term Mindset Now

One Simple Graphic:

One Piece of Timeless Content:

Many investors rely on valuation metrics like the P/E ratio or the PEG ratio. But Epoch Investment Partners believes that “without [more context] those ratios can be worse than useless.”

We wholeheartedly agree.

One Twitter Thread:

Shane Parrish, Founder of Farnam Street, share useful insights on the differences between amateurs and professionals.

twitter profile avatar
Shane Parrish

Twitter Logo
Twitter Logo
November 12th 2020

One Resource:

This week’s timeless piece doesn’t need much of an introduction. Hope you enjoy 450 Ivy League courses you can take online right now for free.

One Quote:

More From Us:

📗 Brian Feroldi’s book is on sale.

👨‍🎓 Cohort 3 of our financial statements course just finished. Our net promoter score: 100! Want to know when the next cohort launches? Join the waitlist.

Free E-Book

Would your friends, family, or colleagues enjoy this newsletter?

Share it with them using the link below!

1 referral earns you a copy of my e-book
10 Stock Investing Mistakes.


facebook twitter linkedin email

PS: You have referred [RH_TOTREF GOES HERE] people so far