Ocean Gifts on Pawleys and Father Greg Boyle

This morning the tables turned and I actually was able to give something back to the ocean. We constantly take from the ocean. I am one of the biggest local collectors of Pawleys Island Shells, and even designed my company logo after these Imperial Venuses (a type of quahog clamshell). There is a huge bowl filled on my desk, and some of my friends call me a Pawleys Shell hoarder.  This morning was especially fruitful, because I found an array of different colors including white, grey, golden orange, and deep brown.  We take more than just the treasures that wash up onto the beach.  Soft shell crab season just arrived, and the boats are out scooping them up as quickly as possible, along with all of the other ocean fare to stock local restaurants for hungry beach vacationers. When I take my trash to the dump, I know that some consumable wrapper will end up getting blown out of the compactors and into one of the adjacent rivers, ultimately washing right out into the Atlantic. Trash takes the life out of the ocean by choking off birds, fishes and sealife.

Pawleys Morning Sunrise

Pawleys Morning Sunrise

This morning was different. Down the beach I spied an upside-down horseshoe crab with his tail sticking straight up. He was huge, and reminded me of the horseshoe crabs I would accidentally step on in the water off the Long Island, NY beaches as a child. I have never seen a live horseshoe crab on the beach here in South Carolina, but when I lightly touched his shell with my flip-flop his legs started wriggling. There were several large barnacles that had made this guys’ shell their home. So when I tipped the crab over to right him and he started scooting back towards the water, I knew I had been graced with the opportunity to return these lives to the ocean. It took him a couple of tries to get past the break, but he made it, sparing him and his barnacle tenants from a full day stranded by the receding tide, baking in the 80 degree sun and exposed to the threat of being nibbled on by sea birds.

As I walked back up the beach, in its true fashion the ocean gave a gift right back to me. I saw a lone dolphin porpoising offshore, something we at the beach wait eagerly to be graced with.  

As an advocate of generosity, I love hearing stories about those giving back.  If you are looking for some MAJOR inspiration, check out this amazingly kind and compassionate man’s gift that has changed the world in a small corner of Los Angeles:


© 2013 Pawleys Investment Advisors, LLC. All rights reserved.

What Rory Teaches us About Investing

This past weekend, Rory McIlroy subtly stormed past the best golfers in the world to win the 2012 PGA Championship at Kiawah Island.  I served as a volunteer at the event.  Out of 136 golfers in the field, I asked for and was graciously given 1 autograph, and it was from him.  I thanked him and wished him luck.  After his win on Sunday, I was compelled to buy a Powerball ticket because I felt lucky, then I remembered that it is more likely I will be struck by lightning two or three times than to become a lottery winner.  I kept the $5 in my purse, and then thought about those few people who think the lottery route might actually be a viable way to fund retirement.  While I absolutely love the enthusiasm, I am a numbers nut, and the odds are stacked heavily against the strategy actually working.  I quickly jotted some notes about Rory’s win, because he comes across as so gracious and humble, and it is exciting to watch his success.  This is what I learned from Rory this past week:

1.  Experience Matters – At the age of 23, Rory won a major championship by the largest margin of victory in history, 8 strokes.  He broke the previous record of a 7 stroke margin set by Jack Nicklaus in 1980.  Wow!  Although people are talking quite a bit about Rory’s smashing success at such a young age, few mention that he started playing before he turned 2, and has been working at his craft for over 20 years.  Similarly, it takes years of honing knowledge and skills to become a succesful investor.  Avoid falling into the trap that it is easy to make a quick buck…it takes time and experience.  Investing is complex and it is challenging to become successful.

2.  Diligence and Hard Work are Critical –  Confidence springs from preparation.  Rors (as he calls himself) is a fitness nut, citing the importance of strength, a healthy mind, and strong self-image.  While many others golfers were hanging out at the Kiawah Resort between rounds, Rory was out running on the gorgeous South Carolina beach with his trainer.

3.  Be Humble –  Being able to rebound from a setback is critical, and can make or break both golfers and investors.  I see so many investors hold on to a losing stock just because they do not want to admit their mistake, and if it comes back they will again be right.  Usually it is a fat chance.  In the final round of the 2011 Master’s Championship at Augusta, Rory gave up a 4 stroke lead in a meltdown of poor play as the win slipped from his sights.  Going into the back nine, he was still 1 stroke ahead, and dropped 6 shots in just three holes.  Press photos showed him hanging his head and clearly disappointed.  But, his own words on Twitter reflect a willingness to take it as a learning experience, along with grace and humility: “…you have to lose before you can win. This day will make me stronger in the end…and congratulations Charl Schwartzel!! Great player and even better guy! Very happy for him and his family!”  In a press interview he stated “Shooting a bad score in the last round of a golf tournament is nothing in comparison to what other people go through.  I’ll have plenty more chances I know and hopefully it will build a bit of character in me as well.”  Perspective and attitude can not only help you learn from setbacks, it can keep you motivated to trudge through hard times.

4.  Set Goals –  Do the math.  Rory told the press that he decided going into the final round if he could finish 12 under par, nobody would be able to catch him.  He never backed off with his effort, finishing the day by sinking a long putt on hole 18 for a birdie, and scored exactly 12 under.  Flawless execution to the very end.  Everyone wants to perform well, but in addition to hard work and preparation, a specific strategy will go a long way.  Many investors do quite well amassing a big portfolio by dumping thousands of dollars into their investment and retirement accounts.  Fewer have a defined strategy (a written Investment Policy Statement is a great starting point) and benchmark or evaluate their performance periodically.  Continuous improvement is a goal of the world’s top golfers, and should be as well for investors.  Just like every stroke counts in golf, every dollar counts in your portfolio, and this is a great way to supercharge your results.

5.  Follow your Passion – “I just couldn’t get enough,” Rory said of playing golf as a child.  He stills describes golf as his “passion,” which probably makes it more enjoyable to spend hours on the range, putting greens, and practice courses.  Some players on the tour might be more focused on the pure competition, money and fame.  If you invest solely to make money, it may not become something at which you excel.  It is a long haul.  I would suggest your level of involvement with your investments should equate to your level of passion.  Those obsessed with investing can become the most successful do-it-yourselfers, while those whose interests lie elsewhere should consider hiring a fiduciary and delegating the work.

Just two hours north of Kiawah Island, Pawleys Island boasts some of the greatest courses in the world – Caledonia Golf and Fish Club, The Heritage Club, Pawleys Plantation, River Club, Tradition Golf Club, True Blue Golf Plantation, and Willbrook Plantation.  Golf course designs hail from greats including Mike Strantz, Dan Maples, Tom Jackson and Jack Nicklaus.  At the age of 12, I took lessons from Peter Duffy, the pro at Toftrees Resort in Pennsylvania.  These days, I play every few weeks, and have moments of brightness combined with lots of snowmen (for the non-golfers, that is a score of 8, which is not very good)!  I am even fortunate to live adjacent to the 16th hole at River Club, and my office windows have a view of the golfers teeing off.  I spend hours here, and from time to time look up from my work to watch the players.  But it took a young lad all the way from Northern Ireland to help me connect the dots.  Thank you very much Rors, for inspiring some ideas for better investment performance, and congratulations on your victory at the 2012 PGA Championship!

p.s. the last and perhaps most important lesson, “invest right, live right,” and consider how you can give back to your community.

Rory McIlroy UNICEF Work in Haiti – with Big Boss Mata

© 2012 Pawleys Investment Advisors, LLC.  All rights reserved.

♥ invest right, live right

“If you judge people, you have no time to love them.” – Mother Teresa