[ad_1]
Self-confidence is known to be a magical catalyst with proven experience in achieving transformational results in sports, in business and in life. investment. The roots of self-confidence lie as much in the environment in which a person is as in the innate characteristics with which they are born.
Victory of India in World Cup 1983
At the first two Cricket World Cups – held in England in 1975 and 1979 – India managed to win a match, the one against the East Africa, which was essentially a collection of Gujarati amateur cricket players whose families had migrated from India to various African countries. As a result, most of the Indian players (and the Indian team leader) who went to the 1983 World Cup bought Mumbai-New York tickets with a stopover in London, that is to say they saw the World Cup as a break from a week before the US holidays.
However, an Indian was crazy enough to believe that India could win the World Cup. This man was our captain at the time, Kapil Dev. In a memorable interview, last week's Krish Srikkanth told Kapil Dev that he was at the heart of India's epic victory against a landslide victory at the 1983 Cricket World Cup.
What is remarkable about India's victory in 1983 is that it is not a flash. In 1985, India won the Rothmans Cup in Sharjah and the World Cricket Championship in Australia. So, as Srikkanth points out in the video, it was really a matter of trust for the Indian team.
Until Kapil shook Indian cricketers in 1983, we did not really believe in our own abilities. Once this conviction gained, India began to beat everyone everywhere in cricket. What are the roots of self-confidence?
So, if self-confidence is so important to success, what are the roots, the foundations of this magical quality? And how can we get more? Although psychologists have not found clear answers to the roots of self-confidence, there are two great schools of thought about the foundations of self-confidence.
The first school of thought considers self-confidence as an innate trait possessed by those who believe they control their own destiny rather than being controlled by events external to them. According to this school of thought, every person you meet can be categorized according to a spectrum of optimism to pessimism. "… Virtually all areas of human activity can be defined in terms of objectives, and the behavior of individuals involves the identification and adoption of objectives, as well as the regulation of actions in relation to those objectives" .
This is what is called the model of self-regulation. "Optimism goes into self-regulation when people question the barriers to achieving the goals that they have adopted. In the face of difficulties, do people still think that goals can be achieved? If so, they are optimistic – if not pessimistic. Optimism leads to continued efforts to achieve the goal, while pessimism leads to abandon. "
The second school of thought considers self-confidence as an acquired behavior – cultivated first by the love and attention of caring parents and teachers, then by behavior disciplined and goal oriented. According to this school of thought, you are more likely to believe in yourself if, during your formative years, you learn that the way in which life unfolds is largely under your control (rather than believing that catastrophic events totally beyond your control dictate the course of your life.
In such a context – where things are largely under control – if your parents and / or teachers teach you a "growth state of mind," that you can learn and practice To become a better version of yourself, you are likely to grow up in a person with a huge reservoir of self-confidence.
Carole Dweck, author of the mega bestseller "The Growth Mindset", showed:
"… when students had a growth mentality, a mentality perceiving the challenge as an opportunity to learn rather than an obstacle to overcome, they reacted with constructive thoughts and their behavior showed persistence rather than of defeat. Based on Dweck's research on the state of growth with regard to toughness and its effects on results, especially in an educational context, she discovered 4 factors that affect toughness or hardness:
- Their beliefs about themselves
- Their feelings about their social belonging
- Their skills in self-regulation »
As can be seen from these points, Dweck's work skillfully combines trust in self as "learned behavior" with self-belief as an innate trait. This is perhaps the best way to think about self-confidence – the basic sense of self-confidence comes from within and in addition to the fact that parents, teachers and circumstances can play a positive role in creating a person with immense self-confidence.
Implications for Investment
Whether you run a business or manage money, any attempt in which luck / chance plays a role will test your business. self-confidence – when throwing the dice is against you, you will want to maintain your work ethic, stick to your investment strategy and avoid hasty decisions.
In addition, when it comes to investing in the growth of your business, you will need more confidence in yourself, especially if your capital is limited and you face more competitors. bigger and better capitalized.
In such moments, it is helpful to remember the words of Kapil Dev when he spoke of the decisive victory of India in 1983: Cricket was played by cultured people, there are 15 years, … They (his teammates) were grown, I came from agriculture.
The rise of Kapil Dev in the 1980s and that of MS Dhoni 20 years later is that of the rise of Indians who, from their humble beginnings, found confidence in a country that found itself little soon after a degradation of the colonization and the traumatism of the partition.
As the renaissance of India continues, more and more Kapils and Dhonis will emerge to inject transformational self-confidence into our teams and businesses.
If self-confidence depends on the magnitude of the volatility that prevails in the circumstances in which we grow, while India becomes a more prosperous and hopefully more peaceful country, we should see a less fatalistic and more optimistic thinking among businessmen. and among Indian investors in particular. This should reduce the amount of speculative deals on the market and increase the amount of fundamentally oriented investments.
This, in turn, should reduce market volatility and hence the cost of capital. In general, the last 20 years have shown these trends. Hopefully the positive evolution of India will continue over the next 20 years.
(Saurabh Mukherjea is the author of The Unusual Billionaire and Coffee Can Investing: The Low Risk Pathway to Outstanding Wealth He is the Founder of Marcellus Investment Managers, a Management Service Provider portfolio regulated by Sebi.) [19659028] if (geolocation && geolocation! = 5) {
! function (f, b, e, v, n, t, s)
{if (f.fbq) return; n = f.fbq = function () {n.callMethod?
n.callMethod.apply (n, arguments): n.queue.push (arguments)};
if (! f._fbq) f._fbq = n; n.push = n; n.loaded =! 0; n.version = 2.0 & # 39 ;;
n.queue = []; t = b.createElement (e); t.async =! 0;
t.src = v; s = b.getElementsByTagName (e) [0];
s.parentNode.insertBefore (t, s)} (window, document, 'script',
& # 39; https: //connect.facebook.net/en_US/fbevents.js');
fbq (& # 39 ;, & # 39; 338698809636220 & # 39;);
fbq ('track', 'Pageview');
}
[ad_2]
Source link
