Pension funds and minor hockey: not really that different

Oct 28th, 2010 | Filed under: Institutional Investing, Today's Post | By: Alpha Male
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I just returned from my son’s hockey game.  It was a nail-biter that ended with the opposing team pulling their goalie in the last minute.  Somehow, my son’s team managed to survive the onslaught of frantic last minute shots to preserve a one goal victory.  For the winners, 2 points in the standings.  For the losers, no points.

Notably, no one really focused on the actual score.  Was it 3-2 or 2-1?  Who really cares? They won the game, right?  And they won by one slim goal.  Defensive players in any sport need to remember that it’s not the number of goals a team scores, but the margin of victory (indeed, the simple fact they won) that matters.  In other words, an opposing goal prevented is just as good as another goal for your own team.

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