Let’s consider the dramatic final round at Sawgrass. Coming down the stretch, Rory's form seemed shaky. Some might have expected him to crumble under the pressure. Instead, he played steady golf, managed risks carefully, and waited patiently for his moment. When JJ Spaun faltered on the notorious 17th hole, Rory was perfectly positioned - not because he’d aggressively chased victory, but because he'd played disciplined, consistent golf throughout the round. The same goes for investment: emotional, reactionary decisions rarely pay off. Keeping a steady hand, maintaining discipline, and not chasing market hype positions you perfectly to capitalise when genuine opportunities arise.
Speaking of the iconic 17th hole, there’s perhaps no better metaphor for investment risk. With its famous island green, the smallest error in judgement or execution can have significant consequences. Prudent investing is much the same. It’s not about constantly taking bold, aggressive risks, but rather understanding the value of precision, discipline, and careful decision-making. Small, steady steps forward consistently outperform risky leaps that could leave you stranded.