Please keep reading even if you don’t give a bogey about golf, because I’m going explain how the strategies that make someone a better golfer can help in other parts of life, such as personal finances. My main source for today’s newsletter is Mark Broadie, who has dual credentials that are more related to each other than you might expect. He’s both an expert on golf strategy and a professor at Columbia Business School specializing in security pricing, computational finance and programming for business research. Ten years ago, Broadie wrote a book, “Every Shot Counts: Using the Revolutionary Strokes Gained Approach to Improve Your Golf Performance and Strategy.” It’s not about how to square your shoulders or adjust your grip on the club. It’s insight gained from dynamic programming, which is a tool that’s extensively used by economists, for example in calculating the optimal saving rate.

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Persons: Rory McIlroy, I’m, Mark Broadie, Broadie, ” It’s Organizations: Northern, U.S, Columbia Business School Locations: Northern Ireland