1.
When you are anxious, slow down.
For several years, Messi habitually vomited on the field before big matches. After a string of disappointing national-team losses, another former Argentinean giant of the game, the late Diego Maradona, uncharitably criticized Messi by suggesting that it was “useless trying to make a leader out of a man who goes to the toilet twenty times before a game.”
Being incredibly talented doesn’t immunize you against anxiety, and many of the world’s best grapple with anxiety precisely because they expect so much from themselves. But Messi hasn’t allowed his anxiety to diminish his brilliance because he’s mastered a coping mechanism that also doubles as the secret behind his tactical brilliance.
The lesson for the rest of us is clear: When you’re anxious, whether in athletics or in life more broadly, pause. Slow down. Prepare.
As you might imagine, pausing is harder than it sounds. In the face of silence and anxiety, our instinct is to act.
https://ideas.ted.com/how-to-handle-anxiety-lionel-messi
2.
Outliers do not define the process
The hardest thing about studying businesses and investors is that many traits that fueled their success could have just as easily triggered failure. But we rarely think about it that way when learning from specific outcomes.
Those eager to learn from others tend to look at the tails. What did the big winners do right? What did the big losers do wrong? It’s often hard to find an actionable takeaway from either because winners and losers often pursued similar risky strategies, with outcomes tilted ever so slightly by chance. My point is that big success requires bucking conventional wisdom, but conventional wisdom is usually right and worth following. We’re left with outcomes where winners are praised more than they should be, losers criticized more than they deserve.
https://collabfund.com/blog/the-thin-line-between-bold-and-reckless/
Thought of the week
“Playing the long game is about being in the game for a long period – the faster you go, the harder you crash if things go wrong!”
Video of the Week
Rajiv Khanna, who is probably more famous as investor Dolly Khanna rarely speaks in public. Recently he spoke at an event in Chennai. This is a talk he gave about five years back where he explains his philosophy.
I did a webinar with Dr Hitesh Patel last week. This is a treasure trove of investing wisdom.
Intelsense Insights
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