Case Study of Olympic swimmer Michael Phelps
In grade 6th, Michael Phelps was diagnosed with ADHD (Attention deficit hyperactivity disorder). His teacher told his mother, “Michael can’t sit still. Michael can’t be quiet…. He’s not gifted. Your son will never be able to focus on anything.” Bob Bowman, his swimming coach since age 11, reported that as kid Michael spent a lot of time on the side of the pool as punishment for his disruptive behaviour.
In spite of this, in 2012 London Olympic Games. He brought his total medal count to 22 and earned him the status of most-decorated Olympian in any sport in history.
From age 11 to the Beijing Olympics, Phelps trained seven days a week, 365 days a year. He figured that by training on Sundays, he got a 52- training-day advantage on the competition. He spent up to six hours in the water each day.
Our life gets much clearer and less complicated when we know what we have to do well and what we don’t have to do at all. In Investment scenario, we often loose focus and discipline. Any asset giving better returns distracts our attention. Fundamental investment rules do not change overnight. To fight this uncertainty, focus on what you do & keep discipline in your action.
At Shalibhadra, this focus and discipline is the exact reason why we can proudly say that Think of Mutual Funds, Think of Shalibhadra. We don’t let other short term scenarios distract us from creating wealth.
Nishit Siddharth Shah