I heard an insightful interview with a judge talking about the transformation she goes through in her chambers as she puts on her black judicial robes and enters the courtroom.
It reminded me of my own physician who I know socially and who I’ve seen experience a similar conversion when he dons his white doctor’s coat before we discuss my medical well-being. Stay with me; there is a powerful and profitable lesson here for us investors.
Think back to your academic graduations and how you wore robes to prove that you had absorbed the wisdom imparted by your teachers. Books have been written about the dual personalities of our sport heroes when they don their shoulder pads, helmets and uniforms. Even our superheroes are empowered when they step out of the phone booth transformed by tights and a big “S” on their chest.