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Kolk Abuk
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As an equities investor, I favor value, income, and good-cause company stocks with dedicated, ethical founders that should succeed for good and sound reasons. Bonds and main street investments are not out of the question. Creative investment thinking is a value when well-connected to time,... More
  • John Wooden, Tiger Woods & the US Financial Sector 0 comments
    Dec 23, 2009 1:23 PM | about stocks: NKE, ACN
    USA Today sports contributor Sandy Grady compared Tiger Woods' crash with that of the stock markets in a sports column about the tradition of honor and honesty in the game of golf. He'd thought golf was on a higher plane than many other sports whose players make nefarious headlines.

    Let's revisit that in a quote from the realm of basketball that applies to all US sectors (business, finance, law etc.), sports and Tiger Woods. The words don't come from just any basketball realm, but renowned UCLA coach John Wooden's basketball world. Coach Wooden wrote:

    "Ability may get you to the top, but it takes character to keep you there."

    It seems that Sandy Grady and Accenture Ltd. (NYSE:ACN) understand what the Coach meant. Perhaps we would not expect a company whose slogan is "Just do it" to understand, but that slogan is supposed to fall within the boundaries of sports, not slosh around and spill over all things.

    Relationships aren't sports. Not only is this true to one's own family, but to one's fellow golfers, shareholders, and loyal supporters. As in sports, fair playing fields for business and investment are key to the predictability of business relationships that make economies well. People depend on that value.

    Perhaps Nike (NYSE:NKE) could team up with Tiger Woods and have the golf great do public service commercials discussing in detail the damages of dishonesty. It is the least that Tiger can do for his supporters, sponsors, and for the American people, considering that he has represented the US on US golf teams competing internationally.

    Penance through active amends is good for everyone. We all benefit from
    spending our time building good legacies and repenting from ill-legacies. We should not be ashamed to repent, but only ashamed to do wrong.

    Repentant actions are best done enthusiastically. For a private person, it makes sense to do so privately. For a public person, perhaps it makes sense to do so publicly, to help mend the fabric of our wise social ethos. That ethos is a living thing worth working on, protecting and improving.

    Disclosure: No positions in stocks or companies discussed. I own some Nike running shoes.
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