You need to know the name of your destination before you can map out directions. As you may have assumed, I have a personal finance parallel here, but let’s start with some background…
Last week I celebrated my birthday, and this week I got to enjoy one of my birthday gifts – Warriors tickets (NBA basketball). My in-laws sweetened this gift by also volunteering to watch our kids, so my wife and I could go together.
The drive from home to the arena is modest in miles and daunting in drive time – LA traffic. I laugh in hindsight, but I was fumbling to find directions, as I kept asking Siri to pull up directions based on the old name of the arena. I’d ask to be navigated to “Staples Center” and Siri kept trying to direct me to the local Staples office supply store. I had forgotten that the name was changed at the end of 2021 to the “Crypto.com” arena (no comment).
Eventually, I remembered the name change, was able to map out directions to our destination, and we enjoyed an evening of basketball – even though the Warriors lost 🙂
This is a very simple lesson, right? You need to know the name of your destination before you can map out directions. As you may have assumed, I have a personal finance parallel here, but let’s start with some background…
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Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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