Discipline is the key to Success. Keep Practicing.
It’s said that if you keep doing the same thing for 40 days continuously it becomes a habit.
Rahul Dravid earned the nick name “Wall” because he learnt the art of being disciplined even if it was boring. He kept blocking the good balls and wore the opposition out. Glen McGrath did the same and deviated little from the perfect line & length. Discipline is key to success.
Investments require a fair amount of discipline too. You need to duck, dig, and resist temptations in the investing world. Discipline requires patience as well. Fruits from discipline don’t come overnight but over a period of time. Just don’t give up.
Small can take on Big. Be courageous.
Sunil Gavaskar is a small man but his stature in world cricket is as tall as any other player. He had the might to dare men twice his size who would breathe fire in their run up and scare a lesser mortal with one stare. He also had the right set of skills for which he practiced very hard.
Similarly focus on your strengths in investing world and be courageous without being reckless. If you have the right temperament and are not afraid to face adversity then you have the right ingredients to excel in equity markets. Build a quality portfolio even if the amount is less. Systematic investment plans can do wonders provided you stick to them. Play as per the situation and don’t throw away your wicket by gambling in your portfolio. Study the companies you invest in and understand their business. You will do much better than the big boys!!
Anything can happen Anywhere. Be Ready.
Great Sir Don Bradman got out on zero in his final test innings that deprived him of a divine average of 100. Javed Miandad hit a six of the last ball of the match to leave scars on Indian cricket for several years. Sachin Tendulkar, a great batsman bowled magical last over to win a near lost match for India. Indian cricket team, more than an underdog, defeated mighty West Indies twice to win the 1983 world cup.
Anything can happen anywhere in investing world too. Idea can change life and lifestyles for all. Invention of iPhone changed the world in many ways and destroyed the incumbents. Can you take a breather and try to spot the trends and seize on opportunities even if the results are not immediate? Can you shed the ego, inhibitions and accept the new norms of the changing world? Well, if you can, prepare yourself for a successful and enjoyable investing journey.
Believe in your Abilities. Stay Resolute.
Injury depleted Indian Cricket team scripted a history in Australia last year. Using the services of net bowlers and reserve players India managed a credible draw and later swept the series in Australia. It was all about the belief and resilience. In his playing days, Virendra Sehwag had this great ability of ignoring the noise around him and showed extreme resilience in pressure situations.
Its important to believe in yourself in the investment journey. There would be demoralizing situations and mistakes would be made. Learn from them and stay resolute. If one has faith (not blind faith) in his portfolio of stock and not panic in the mad world of investing where clutter and chaos reigns then success can’t be elusive for long.
Many More: Wisdom/Pasion/Application/Talent/Determination/Courage/Balance are the right Ingredients. Cultivate.
Nasser Hussain was a wise cricketer. His captaincy reflected that. Saurav Ganguly had & Virat Kohli has the passion, Rahul Dravid had the application prowess, Wasim Akram had the talent, Steve Waugh had the determination, Gavaskar & Matthew Hayden had the courage, Mahendra Singh Dhoni & Arjuna Ranatunga had a cool head on their shoulders. They were all extremely successful. Sachin Tendulkar perhaps had it all in good measure and that’s why he is known as the “God of Cricket”.
Successful investors require a bit of everything. Try and cultivate ingredients necessary for success. Of course, talent can’t be created but wisdom can. Practice hard and stay disciplined. If you don’t love investing then do something else.
You may still not end up becoming “God of Investing” of investing world but certainly results will not disappoint you.
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