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On August 13, 1908, the first modern Olympic marathon ended in dramatic fashion.
Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.
The marathon at the London Olympics became one of the most famous (and chaotic) races in history. The raceâs now-standard distanceâ26 miles, 385 yardsâwas set for the first time to allow the royal family a front-row view of the finish at White City Stadium. That day, Italian runner Dorando Pietri entered the stadium first, delirious from exhaustion. He collapsed five times, ran the wrong direction, and was finally helped across the finish line by officialsâonly to be disqualified for receiving assistance. The drama transfixed the world, and Pietri became a symbol of courage, heartbreak, and the fine line between triumph and disaster. The 1908 marathon proved that victory can be both hard-earned and fleeting, that rules and support matter as much as raw effort, and that enduring legacies may be forged by how we respond to setbacks instead of how we finish. The marathonâfrom its ancient roots to the modern gamesâreminds us that success requires pace, resilience, and sometimes, the humility to adjust mid-stride when the course or conditions demand.Here are four lessons for Modern Investors from Pietriâs problems:đââď¸ Pace Yourself for the Long GameThe marathon is not a sprint. Dorando Pietriâs collapse teaches us that pushing too hardâchasing âhotâ markets, betting big on flashy trades, or stretching for outsize short-term returnsâcan leave you vulnerable to burnout or loss. Setting a sustainable pace, diversifying your approach, and planning for the long haul drives more consistent outcomes. Periodic rebalancing, steady contributions, and rational withdrawal strategies win over emotional bursts of energy.đââď¸ Rules and Structure MatterâDonât Ignore the Fine PrintPietriâs assistance at the finish, though well-intentioned, violated the rules and cost him victory. For investors, ignoring tax rules, account structures, withdrawal requirements, or policy changes can turn a near-win into disappointment. Make sure your financial strategy is not only sound in substance, but also respects the rules of the gameâwhether thatâs minimum distributions, contribution limits, or new regulatory realities.đââď¸ Resourcefulness Under PressureWhat made Pietriâs run unforgettable wasnât just his stamina, but his refusal to quit after each setback. He found ways to pick himself up, regroup, and press on creatively even when physically depleted and disoriented. For investors, success is rarely a matter of stubbornly sticking to Plan A; more often, itâs about sizing up obstacles, using whatâs left in your âtoolkit,â and making strategic, sometimes inventive, choices on the flyâwhether thatâs turning to a different asset class, tapping a cash reserve, or rethinking your goals when conditions shift. The road wonât always be straight, but resourcefulness often makes the difference between giving up and crossing the finish line.đââď¸ The Power (and Pitfall) of Recency BiasPietriâs heroicâif painfulâfinish imprinted itself on memory, sometimes overshadowing the steady run of the actual gold medalist, Johnny Hayes. Investors too often let the most dramatic recent events (a crash, a meme-stock rally, a runaway bull) loom larger than years of progress. Recency bias can lead to chasing trends, excessive fear, or hesitation to invest after a loss. Instead, keep the bigger picture in focus: the long arc of steady progress, not just the drama at the finish line.A Final ThoughtThe 1908 Olympic marathon is remembered not just for crowning a champion, but for reminding the world that grace under pressure, transparent strategy, and practical resourcefulness define the real legacy. Itâs not the stumble or the unexpected twist that settles your fateâbut how you pace, prepare, and problem-solve when the course gets rough.
Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.
This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepathâ˘ď¸!
Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation
đŻPatrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER⢠professional, Chartered Advisor in PhilanthropyÂŽ and an Accredited Tax Preparer. He earned a Bachelorâs degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. đđť Reach him at 877-234-8957 or schedule a time to talk using this link:
https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation
#HistoryLessons #Planning #Olympics
Follow along for more insights, strategies, and reflections.
By Patrick HueyOn August 13, 1908, the first modern Olympic marathon ended in dramatic fashion.
Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.
The marathon at the London Olympics became one of the most famous (and chaotic) races in history. The raceâs now-standard distanceâ26 miles, 385 yardsâwas set for the first time to allow the royal family a front-row view of the finish at White City Stadium. That day, Italian runner Dorando Pietri entered the stadium first, delirious from exhaustion. He collapsed five times, ran the wrong direction, and was finally helped across the finish line by officialsâonly to be disqualified for receiving assistance. The drama transfixed the world, and Pietri became a symbol of courage, heartbreak, and the fine line between triumph and disaster. The 1908 marathon proved that victory can be both hard-earned and fleeting, that rules and support matter as much as raw effort, and that enduring legacies may be forged by how we respond to setbacks instead of how we finish. The marathonâfrom its ancient roots to the modern gamesâreminds us that success requires pace, resilience, and sometimes, the humility to adjust mid-stride when the course or conditions demand.Here are four lessons for Modern Investors from Pietriâs problems:đââď¸ Pace Yourself for the Long GameThe marathon is not a sprint. Dorando Pietriâs collapse teaches us that pushing too hardâchasing âhotâ markets, betting big on flashy trades, or stretching for outsize short-term returnsâcan leave you vulnerable to burnout or loss. Setting a sustainable pace, diversifying your approach, and planning for the long haul drives more consistent outcomes. Periodic rebalancing, steady contributions, and rational withdrawal strategies win over emotional bursts of energy.đââď¸ Rules and Structure MatterâDonât Ignore the Fine PrintPietriâs assistance at the finish, though well-intentioned, violated the rules and cost him victory. For investors, ignoring tax rules, account structures, withdrawal requirements, or policy changes can turn a near-win into disappointment. Make sure your financial strategy is not only sound in substance, but also respects the rules of the gameâwhether thatâs minimum distributions, contribution limits, or new regulatory realities.đââď¸ Resourcefulness Under PressureWhat made Pietriâs run unforgettable wasnât just his stamina, but his refusal to quit after each setback. He found ways to pick himself up, regroup, and press on creatively even when physically depleted and disoriented. For investors, success is rarely a matter of stubbornly sticking to Plan A; more often, itâs about sizing up obstacles, using whatâs left in your âtoolkit,â and making strategic, sometimes inventive, choices on the flyâwhether thatâs turning to a different asset class, tapping a cash reserve, or rethinking your goals when conditions shift. The road wonât always be straight, but resourcefulness often makes the difference between giving up and crossing the finish line.đââď¸ The Power (and Pitfall) of Recency BiasPietriâs heroicâif painfulâfinish imprinted itself on memory, sometimes overshadowing the steady run of the actual gold medalist, Johnny Hayes. Investors too often let the most dramatic recent events (a crash, a meme-stock rally, a runaway bull) loom larger than years of progress. Recency bias can lead to chasing trends, excessive fear, or hesitation to invest after a loss. Instead, keep the bigger picture in focus: the long arc of steady progress, not just the drama at the finish line.A Final ThoughtThe 1908 Olympic marathon is remembered not just for crowning a champion, but for reminding the world that grace under pressure, transparent strategy, and practical resourcefulness define the real legacy. Itâs not the stumble or the unexpected twist that settles your fateâbut how you pace, prepare, and problem-solve when the course gets rough.
Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.
This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepathâ˘ď¸!
Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation
đŻPatrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER⢠professional, Chartered Advisor in PhilanthropyÂŽ and an Accredited Tax Preparer. He earned a Bachelorâs degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. đđť Reach him at 877-234-8957 or schedule a time to talk using this link:
https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation
#HistoryLessons #Planning #Olympics
Follow along for more insights, strategies, and reflections.