George Costanza: Wall Street Savant

John Del Vecchio

My life philosophy is “Unbounded Wealth.”

It’s all about living life on your own terms… even when amid a polar vortex. The key is “your own terms” … you have to separate yourself from the pack.

Over nearly a quarter of a century of working in financial markets, I’ve developed what I call the “George Costanza Theory” of investing.

George Costanza is, of course, a character made famous by the iconic 1990s sitcom “Seinfeld.” His arc on the show is defined by lost jobs, surreal marriage engagements, beached whales, and George Steinbrenner.

He’s a classic – and hilarious – “ne’er do well” … that is, until he decides to do the “exact opposite” of his first instinct.

As I note in the video below, the idea behind George’s shift is, “Well, maybe something will work out for a change…”

And it does.

This is the essence of the George Costanza Theory: You should do the exact opposite of what everybody else is doing.

And here’s why: “In the long run, the crowd is almost always wrong.”

Consider this: In the late 90s, just before the dot-com crash, individual investors had their highest allocation to equities ever… right at the peak.

And consider this too: In March 2009, amid the Global Financial Crisis, individual investors had their lowest allocation ever… right at the bottom.

Now, here’s a little secret: Professional investors, collectively, are terrible at deciding when “to allocate” or “not to allocate.”

Well, I’ve cut this knot of Shakespearean confusion with Seinfeldian simplicity…

The thing is, I’ve developed a fundamentals-based system that basically guarantees I’ll be looking at things other investors simply don’t see… Despite the fact that these opportunities are “hidden in plain sight” …

This video is about the “George Costanza Theory”… and it’s about “hidden opportunities”… but, mostly, it’s about living life on your terms and making your way to “Unbounded Wealth.”