Friday, August 7, 2015

Sports and Finance: The Underlying Parallels

Sports and finance have always fascinated me over the years. I have played amazing sports such as skydiving, skiing, and also poker. With sports, finance is my forte. Having the passion for sports, I eventually felt the underlying parallels between sports and finance. 

What makes me say that? You might ask, Mitesh Shere, what is the parallel in these two different worlds?

Watch these worlds closely, and you will find a deeper value of life in these two different worlds. Sports is physical, and finance is mental. Yet, there is a great sense of connection to these two aspects of life. 

 First, Timing: 
Timing is everything in finance and in sports. If you cannot time your move well, losing is sure. Poker, a game of luck, is what people say, and yet it is a game with strategy. If you understand timing well, you can almost win most of the games and cut losses. It is the same with finance, and more so here. If you can understand when to time your investments, you can be consistently profitable. It’s all about timing. People lose money due to timing moves in the wrong time. If you can identify a right vehicle for investment, you then must learn to time your investments. 

Achievement and personal fulfillment:
Winning sports and winning in investment, both are personally uplifting. If you are a good player, you will know the importance of winning the game. It brings immense joy to watch your money grow. It is also true about playing a sport. Finding yourself in a winning position elevates the spirit. Winning is a high in itself and more you win, you gain great confidence in life. 

Finance and sports: Both are strategy based:
Strategy is everything. It is true with both a game and in investing. Look closely, both need a lot of planning and timing. If you can pick a right strategy, you are surely going to win. Planning and strategizing are two important aspects of winning any game, may it be a poker game or the game of investment. Catch me on Twitter - Mitesh Shere

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