Back in 2006, during the U.S. Open’s final day of play, Phil Mickelson stood on the 18th tee at Winged Foot Golf Club with a one-stroke lead over Geoff Ogilvy, giving him an opportunity to capture his first victory in that prestigious tournament. After a wayward tee shot, Phil, who is known for his risky style of play, tried to carve his next shot out of the woods. His bold attempt for the green caught a tree branch, then a sand trap, and all was lost.
Those of us who watched the carnage live on TV still remember the sinking feeling in our stomachs as Phil gave away a tournament we all knew he so desperately wanted to win. During the post-tournament press conference, when asked about his risky decisions on the last hole, Phil mustered the now infamous explanation, “I am such an idiot.”
Nine years later, and still without a U.S. Open win, Phil will have another opportunity to capture that elusive title next week at Chambers Bay Golf Course in Washington state.
I had the privilege of playing Chambers Bay in a college golf tournament when it first opened. I can assure you it is a daunting course that will present incredible challenges, even for the world’s top players. If Phil is to have a chance at winning this year, he will have to learn from his past mistakes. Continue reading “How U.S. Open Winners and Successful Investors Manage Their Risks”