{"id":19478,"date":"2025-01-09T15:39:17","date_gmt":"2025-01-09T15:39:17","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/taylor-swift-or-cristiano-ronaldo-and-their-hidden-investing-lesson\/"},"modified":"2025-01-09T15:39:17","modified_gmt":"2025-01-09T15:39:17","slug":"taylor-swift-or-cristiano-ronaldo-and-their-hidden-investing-lesson","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=19478","title":{"rendered":"Taylor Swift or Cristiano Ronaldo? And Their Hidden Investing Lesson"},"content":{"rendered":"


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Here\u2019s a fun question from friend-of-the-blog CJ:<\/p>\n

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\u201cI was hanging out with family and friends around Thanksgiving,<\/em> and I wanted to gauge their opinion on something interesting:<\/em><\/p>\n

Who is more famous globally<\/span>: Taylor Swift or Cristiano Ronaldo?<\/strong><\/em><\/p>\n

Almost everyone I asked [for reference, readers: CJ is about 30-years old and lives near me in Western NY] quickly said, \u201cTaylor Swift.\u201d <\/em><\/p>\n

\u2026but I\u2019m not so sure. Because when I pressed them Why?<\/strong>, the answer usually came down to, \u201cBecause she\u2019s more famous to me<\/span>.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

Hmmm. Very interesting! <\/p>\n

What do you think, reader? Who is more famous globally<\/span>: Taylor Swift, or Cristiano Ronaldo? <\/p>\n

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The Answer Is\u2026<\/h2>\n

I can\u2019t be positive<\/em> about the correct answer, as \u201cfame\u201d is a bit ethereal. But if I had to pick, it\u2019d be easy: I\u2019d choose<\/strong> Cristiano Ronaldo.<\/strong> And it\u2019s not that close. <\/p>\n

Whether we look at Time Top 100 lists, subscribers on various social media apps, or \u201cmentions\u201d across traditional and web-based media outlets, the numbers all skew in Ronaldo\u2019s favor. <\/p>\n

If you<\/em> personally aren\u2019t as familiar with Ronaldo, read this Reddit comment I found about this very topic: <\/p>\n

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In America, I\u2019m sure the answer is Taylor Swift. In the world outside of America, it\u2019s unequivocally Ronaldo.<\/em><\/p>\n

Football is the most popular sport on earth and he\u2019s one of the 3 or 4 best players ever to have lived. There isn\u2019t a single football fan alive that hasn\u2019t known the name Christiano Ronaldo since at least 2008 when he won the Ballon d\u2019Or (worlds best male player) the first time and most of us knew about him in 2003 when he transferred to Manchester United.<\/em><\/p>\n

There are an estimated 3.5 billion football fans on earth,\u00a0all\u00a0of whom know who Ronaldo is. Plenty of non-football fans know him too.<\/em><\/p>\n

No matter how big Taylor Swift\u2019s fanbase is, I don\u2019t see a way that it\u2019s possible for her to be as famous globally as someone who has been known as one of the 2 greatest players of his generation and possibly ever, in the biggest sport in the world, for 20+ years.<\/em><\/p>\n

Sorry Tay Tay but you lose this one. Shake it off.<\/em><\/p>\n<\/blockquote>\n

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In other words: if you visited just about any<\/em> other country than the USA \u2013 especially a non-English speaking country \u2013 they\u2019ll be more familiar with Ronaldo than Taylor Swift.<\/p>\n

The Powerful Investing Lesson Here<\/h2>\n

There\u2019s a powerful investing lesson in this story. <\/p>\n

If you recall, CJ\u2019s original question asked about global fame, but most people\u2019s answers were based solely on what I\u2019d call \u201clocal fame<\/strong>.\u201d <\/strong>They thought, \u201cIf Taylor is more famous to me<\/strong>, or to my<\/strong> friends, or in my<\/strong> culture, then surely she must also be more famous globally\u2026right?\u201d<\/em><\/p>\n

Well, no!<\/p>\n

And far too often, people make investing decisions based on \u201clocal knowledge\u201d<\/strong> instead of trying to think more neutrally about \u201cglobal knowledge.\u201d<\/strong> <\/p>\n

It\u2019s like my Starbucks client<\/a>: \u201cJesse \u2013 there\u2019s a Starbucks on every corner in America. Why would we sell it?\u201d<\/em><\/strong> Well, just because you see Starbucks in your life\u00a0does not sugge<\/em><\/span>st it\u2019s a good investment at its current stock price.<\/em> There is no <\/p>\n

Or, equally as dangerous, far too many investors make critical decisions based on only a tiny fraction of all available information, and too often, they remain ignorant of their own lack of knowledge. We hear something like, \u201cStocks return 10% per year, on average,\u201d and stupidly decide to throw our life savings into QQQ<\/a>. Don\u2019t do that! <\/em><\/p>\n

It\u2019s crucial \u2013 both in investing and in life \u2013 to consider what we don\u2019t<\/strong> know, what we haven\u2019t<\/strong> been exposed to, how the \u201cother<\/strong> half lives,\u201d etc. But it\u2019s so hard to do! <\/em>Removing yourself from your own frame and seeing the world impartially is hard. Check out my early monologue in this podcast episode if you\u2019re curious what I mean: <\/p>\n

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