The U.S. has won more medals so far than any other country in the 2008 Summer Olympics, holding a thin lead over host China.
Competing in the Olympics must be an amazing feeling. You represent your nation with millions of people rooting for you. There is an amazing amount of goodwill from complete strangers who are proud because their country gave a good showing on an international stage. For many, politics are pushed aside and the Games are something that connect us, not divides us.
To win at that level -- a gold medal -- must be truly amazing. At that moment, you are the best in the world. No one is better.
I have not won in the Olympics, but I have been a world champion in baseball. I can tell you there is no feeling like that imaginable. You can't get any more satisfaction than knowing you are the best on the planet. It's the prize every ballplayer strives for, and on that night 22 years ago, no one on the planet could say they were better than me.
China leads in the gold medal count with 45. It also has 15 silver and 21 bronze. The U.S. has 27 golds, 28 silvers and 28 bronze medals. No other countries are even close.
Is it better to have more gold medals, or more medals overall? The answer is a difficult one. The U.S. has won a total of 83 medals vs. 81 for China. Because the totals are so close, I would definitely say China has the edge. After all, essentially this means that they medaled pretty much an equal number of times. While the Americans were grabbing second- and third-place finishes, China was finishing on top more often.
However, in certain circumstances I would say it's much better to score more consistently. My entire trading system is predicated on it. I go for a $1,000 profit with each pick and then exit the trade as soon as I achieve that. Yes, I will have some bigger moves in there if the stock falls before bouncing. I will need to add to the position to average down, and the eventual bounce will give me a much bigger payday.
Going for the "gold" in the market is risky. I want no part of trying to time the market. I use the data I have available and try to see a bottom or near bottom. If my assessment is slightly off initially, I add to the position to lower my average entry price, and ride it down to the bottom for an eventual gain if I made the right call.
I think you will see from my record, I have made the right call often this season. (To get my exclusive picks, check out my Nails on the Numbers newsletter by
So, in short, in investing, I go for the steady stream of profits. In the Olympics, I want to see the gold around the necks of our U.S. athletes.
Always remember: Life is a journey, enjoy the ride!
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At the time of publication, Dykstra had no positions in stocks mentioned.
Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."