The difference is that I am in control of the actions necessary to plan my own retirement. I am not in control of the Boston Red Sox. I try not to worry about things that I cannot control, but that can be difficult when it comes to the Red Sox. I have very strong emotional ties with them, but I have been able to not worry about them 10 years down the road. That is not shortsighted, because again, I have no control over any of it.
With regard to your your analogy to my retirement planning, as I have said, this analogy is way off the mark, because I have control of things affecting my retirement planning. On the other hand, I have no control over my brother's retirement planning. I love my brother and hope that he will be able to retire comfortably. If he invites me to a wedding for my niece for which he spends $200 k, I would consider that to be an extravagant expense and probably not in the best interests of his retirement planning. Nevertheless, I would enjoy the beautiful extravagant wedding and trust that my brother has a good plan to retire. It is not in my control. That is the better analogy. Enjoy the extravagant party. Ten years is a long way off and you have no control over it. It is a very valuable franchise, and JH has people who worry about its long term value.