Monday, 10 June 2013

Market Highs to Market Lows to Recovery ....(the offseason)


The underlying mentality of the stock market is simply to buy low and sell high. Well, if as an athlete, I were a company’s shares, and you were an investor with a 12 month investment horizon, your most profitable transaction would have been the following: you would have shorted me at the end of March, and bought me back at the very end of April. If you were a long-only, I would like to think that my current value also represents a good buying opportunity, with plenty of upside over the next 12 months… but the greatest gains would definitely have come from buying at the bottom, which hopefully, will not be revisited until the inevitable lows of my next end of season break.

The above analogy represents what has been the last couple of months and aligns basically with my level of fitness: the conclusion to my summer season at the end of March, and consequent end of season break, followed by the steady recovery and build back into the offseason. As a result, in just a few short months, it feels as though my fitness went from its peak, to the absolute depths of… well… it basically ceased to exist in any form, and finally now, I am starting to see signs of it re-emerging.

The end of season break is a sacred affair. In one sense, it is the key to your upcoming season. Initially, it presents a detox from the season that came before it. And then, in its second phase, it refreshes you, equips you with the mental and physical strength to face the demands of the season ahead. What you do with your break determines how useful it is. I take my break very seriously! And to that end, I thought of no better place to spend my break than my favourite city on Earth – the concrete jungle where dreams are made of that I WILL call home one day – Manhattan. What better place to escape the triathlete in me than the home of high fashion and fine dining. And then, as if to say “enough now”, I returned to the West Coast in time for the San Diego ITU World Series, to snap back into “triathlete” Sarah and remind myself that the 3 weeks prior were now over. It was time to ease back into it.

Audrey Hepburn once said the beauty of a woman is not in the clothes she wears or the way she combs her hair. Whilst this may be disputed on some level, I took comfort from this quote as I returned from my New York holiday, only to be greeted with a seemingly-eternal “swim block”. The accompanying scent of Eau de Chlorine, awful goggle marks and perpetual frizzy hair are always, sadly, collateral damage of needing to work on my swim. This year is arguably my first proper swim block, having only commenced full time training mid-way through last year’s block. For me, with my newly diagnosed “abnormal” shoulders, this swim block also demands weekly physio treatment as we progress my poor, pathetic upper body into one that can form an actual streamline position and ultimately, catch the water effectively. As our coach reiterates almost daily, swimming is a skill. It takes time to learn and it takes an absolute eye for detail. Just as Giorgio Armani preaches, to create something exceptional, your mindset must be relentlessly focused on the smallest detail. – And who said fashion and sport don’t mix?...............Well, certainly not Funkita swimwear!

The last couple of months have seen me formally align myself with a small but vital group of brands that I have come to love and rely on. Funkita Swimwear is one of these brands. I am completely obsessed with their amazingly extensive range of feminine and fashionable bathers and am loving being able to swim in them every day. Of course, triathlon is (luckily for me) not just swimming, and so, I also have tried and tested (and fabulously colourful) running shoe brand, Saucony on side. The third and final leg of a triathlon, cycling, finds me recently teaming up with 99 Bikes, Malvern (there is also a store in Port Melbourne). I am not one for passing on praise unless it really warrants it, but the team there certainly does warrant it. I have been so impressed by their pure passion for the sport of cycling and their eagerness to learn about and support my triathlon endeavours. Customer service here: A++. Throw in being fuelled daily at training and in competition by Dextro Energy Nutrition (I swear I’m actually eating a cheesecake when I have their lemon cake bars – serious yummmmm), and I think I’m definitely in very good hands for the season ahead. Thus concludes my shameless plug for four brands that I really am quite chuffed to represent.

For now, it’s a gentle nudge on the accelerator, slowly but surely increasing the hours and the kilometers. It’s focusing on the one-percenters that often get neglected in the craziness and intensity of the racing season. It’s the discomfort of focusing on your weak points. It’s the constant battle against the winter weather, the war against the alarm clock at 5.15am for swim squad. But it’s also the satisfaction that every day is another day further away from that dreadful day, your last on break, that you hit the absolute depths of unfitness. Every day is another step forward…..even if some days it feels like ten steps backward. My stock very much remains in its development phase, and it may or may not outperform the market this year. But on an absolute valuation basis, only one month back into training, I can already say that there is a lot of hard work that’s going to be invested, hopefully leading to as much capital appreciation in my stock as is possible over the next 12 months.