One musn't generalise, but people who will pay $200 for the chance to lose golf balls, aren't too smart about alot of things.

 I don't think any kind of logic is going to prevail here. Apparently we might as well be talking about walking on the moon.

Around these parts, you can lose a ball for much cheaper (like, ten times cheaper.)

1. Sometimes you have to lose something in order to find it.

2. When you focus on the target, instead of yourself, good things happen.

3. Getting into and being in " the zone"? Priceless. There are some things money can buy, for everything else, there is golf.

As far as golfers like me not being too bright, you may be right .

Perhaps we just recognize that there are different kind of intelligence. Golfing intelligence has nothing to do with logic, or growing your net worth in a linear fashion.

But let’s be honest here, is anyone else on this forum planning on getting their hands on a golf club today ( even just the driving range)? For me, it is going the gym, and it goes pretty well with protecting and growing money.

The club is closed on Mondays, and I have too much work to do anyway.  Maybe I’ll go out in the backyard and take a few swings with my Medicus.

Medicus, the club that causes Doctors to swear like longshoremen!

 At the heigth of driver frustration, right before a big breakthrough, I found a use Cobra driver at Golf Galaxy, 12 degree driver with a soft shank and a nasty looking hooked beak to help eliminate slices. My golf teacher was furious, wanting me to master a proper stroke using my " real " driver. Took the club out and was whaling consistent straight drives, albeit a little shy of 200 yards.

After another thrilling straight tee shot, I got excited and sped down the cart path toward my ball.  

Took a nasty bump on the golf cart and my bag goes fly off, crashes into a water cooler stand. I'm cleaning up the rubble, and I see the only damage is the Cobra driver is laying off to the side, the wicked head broken cleanly off the shank. And then I thought of my golf teacher and started laughing. Was it divine intervention?

That $130 lesson taught me more about club head angle than all the time I spent with my golf teacher. Because I went home, picked out my regular driver, and came back and started hitting it straight (not perfect) and never looked back. As a result, my family is happier because of my success - of course, this gives me the confidence to play pickup games in the afternoon and meet other small business owners like myself.

That's why I say: " God, Family, Golf and money ".  The self talk goes like, " keep it simple stupid ". Never come unhinged.

[quote=AllREIT] [quote=silouette]

Personally, if my broker invited me golfing, it would imply that he fritters away more time on the golf course (with me, other clients, or prospects) vs managing my investments.

Not all clients are smart enough to realize this; especially the golfers.

I have even met the occasional intelligent golfer, and advisor. [/quote]

One musn't generalise, but people who will pay $200 for the chance to lose golf balls, aren't too smart about alot of things. [/quote]

Wow, first the weird comment from you that most people moving to your area are tapped out due to buying their home (and thus aren't good prospects) and now this about the hobby of many HNW investors.

We must live on different planets...

I’m not a golfer, but I’m also not blind enough to believe that there’s no good business to be done on the golf course.  I’ve chosen to service the segment of the population that isn’t particularly interested in golf, realizing that I’ll miss some good business, but hopefully catch some other good business by being in the office/available at the right time.  It’s a tradeoff that I’m willing to accept since I don’t have the spare time to do golf justice, but I know I miss some good business by not taking up the habit. To think otherwise is naive at best.

And, Indy, there is always the prospect of having more time to do fun things with clients outside the office.

As far a hubris is concerned, we all have enough challenges to knock us down sometimes, and because we are good at getting up, we are successful and maybe think our own way is the best.

So, this thread is intended to be mainly about golf, and if it helps win a little more business, that's great.

http://golf.about.com/od/golfjokesandhumor/a/golfjoke0224.ht m

[quote=Whomitmayconcer]

Medicus, the club that causes Doctors to swear like longshoremen!

I do not Golf but I do snow ski.

On a powder day clients do not expect me to be in the office!

Go powder dog.

[quote=mikebutler222]One musn’t generalise, but people who will pay
$200 for the chance to lose golf balls, aren’t too smart about alot of
things. [/quote]

Wow, first the weird comment from you that most people moving to your area are tapped out due to buying their home (and thus aren't good prospects) and now this about the hobby of many HNW investors.

We must live on different planets...

[quote=AllREIT]

Sheldon Adelson: doesn't play golf.
Seth Klarman; doesn't play golf.    [/quote]<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Well, there's two people, that settles the issue. I guess all that talk about business being done on the golf course is just fantasy. 

BTW, congrats on landing those two as clients. Say, were they “tapped out” after they bought their last house and thus weren’t very good prospects?

[quote=AllREIT]

Golf is fundamentally bourgeois/aristocratic sport about showing off how much land you could tie up for raising sheep/hitting little balls around vs growing food[/quote]

I hope you find that little planet of yours fulfilling....

Sil…since spiffy won’t ask…Are you HOT?

[quote=mikebutler222]Well,
there’s two people, that settles the issue. I guess all that talk about
business being done on the golf course is just fantasy.  [/quote]

It mostly is.  It's a rationalization used to justify time/money spent playing golf.

If you like golf, you should play it for its own sake. If you want to do business, do business.

[quote=mikebutler222][quote=AllREIT] Golf is fundamentally bourgeois/aristocratic sport about showing off how much land you could tie up for raising sheep/hitting little balls around vs growing food[/quote]

I hope you find that little planet of yours fulfilling....

Make that 8% interested, of which 1% would show up.

Sil...since spiffy won't ask...Are you HOT?

 Maybe a little under the collar.

You ask Joe to make a little room in his male box, and he could do an androgynous distribution to the players to arouse a response to your  question.

I could go, but you will see that see that rich folks from certain social backgrounds, are highly unlikely to be golfers. Among my clientele, damn few golfers.

That just goes to show how you can't generalize about anyone else's business model.  The majority of my clients are golfers.  They live here and golf from April through Oct and then snowbird it to their second homes in Arizona, Hawaii, Costa Rica or some other place to be able to golf and get away from the weather. Fly fishing is another prominent activity here. Chile is a good vacation spot for that when the season is off. 

If Jack Nicklaus were to show up here about 80% of my book and a good 40% of the population would be there.  The rest would show up for Skip Foose.  I would be there for both events.

[quote=mikebutler222][quote=AllREIT] Golf is fundamentally bourgeois/aristocratic sport about showing off how much land you could tie up for raising sheep/hitting little balls around vs growing food[/quote] <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

I hope you find that little planet of yours fulfilling....

[/quote]

It's all about the <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />New York state of mind...

[/quote]

Go check the lines outside Beth Page or visit any number of  HNW gathering places DBA “golf Clubs”….they’re filled to the rafters with prospects.

You might as well tell me that fine dining and wine knowledge or sailing  are “fundamentally bourgeois/aristocratic” and that you won’t find HNW prospects engaged in those pursuits. How do you manage to haul that chip on your shoulder around all day?

[quote=AllREIT] After all, if they thought highly of golf, they would be golfers.  [/quote]

No, it’s more likely they lack the funds and the ability, thus, they get bitter. It’s like the guy that convinces himself he hates Porsches and the people who drive them and that those drivers are poor prospects and all because he can’t afford one.

The fact is this thread was about gathering assets and golf. Regardless who what you think of it, those two things fit together tightly. HNW people are the best prospects (unless you can build a book out of the type of people who are tapped out once they’ve bought a home) and people who join private clubs are HNW.

Fish where there are fish.

[quote=AllREIT]

If invited my whole book to go golfing with Jack Nicklaus, *maybe* 8% would show up. [/quote]

Then you’re the one “advisor” in the country that can say that. It probably says more about you and your book than anything else, but that’s another issue.

[quote=AllREIT]

At a social level, golfing is mostly a WASP thing. If you are parts of the country that are not WASPy, you arent going to see much interest in golf.
[/quote]

What a profoundly stupid thing to say. Golf is played by people from Hawaii to Maine and Florida. Well outside the “WASPy” zone.

Along that line (that reality is black and white), Allreit, I have to admire your logic. You did bring up a lot of true points. And the thing about owning sheep pasture is  .