ETF Investing in the World of the Impossible and Inevitable | ETF Trends

Sports, like investing, often invoke definitive pronouncements that a victory for a certain team is “impossible” while victory for another team is “inevitable.” A championship in Cleveland has spent more than a generation in the “impossible” category.  In fact, ESPN debuted a film in May 2016 that included the following description: “Of all American cities that have at least three major sports franchises, Cleveland is the only one that has failed to win a championship in the last half-century. Those sports teams, and the hearts they’ve broken over and over again, have inspired a different name for the city, and the title for this 30 for 30 film: ‘Believeland’.”

Last week, ESPN quoted a 70-year old Cleveland cab driver who said the following: “I’m telling you, this is Cleveland, Ohio, people get their hopes up. They get their hearts broken. They just don’t understand, Cleveland will never win anything…I want the Cavs to win, but I know they will not. … And after they lose, [LeBron] is out of here, because he can’t win.”