A Lesson for Advisors from Tiger Woods

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Advisors have at least one thing in common with great athletes. Failing to acknowledge and correct a glaring weakness in their skill set will lead to their undoing.

Consider Hank Haney, who is one of the most successful golf instructors of all time.

He is famous for coaching Tiger Woods over a six-year period in the 2000s when Tiger won six majors and recorded 31 PGA tour wins.

That stretch (before his personal problems and major injuries) put Tiger in the Golf Hall of Fame and ranked him among the best golfers in history.

Haney’s biggest teaching point to Woods, which had the greatest impact on his score and led to the most wins, was to avoid the “big miss.” (This is documented in Haney’s book, The Big Miss.)

For Woods, avoiding a big slice or hook off the tee at the wrong time kept him away from double and triple bogies on a single hole, which was often the difference between winning and losing a tournament.