Investment Lessons From A Game Of Cricket
15 Jun 2023
Investing and Cricket have much in common. An avid investor can imbibe many lessons from cricket for better outcomes.
Key Takeaways
Choose the right team / mix
Just like selecting the right team (balance) is important to a cricket tournament, getting the right asset mix (equity/debt/gold) is crucial for your portfolio.
Strategy to match the pitch
Cricketers study the pitch and weather conditions before a match. Similarly, investor must carefully review the current and prospective market and economic conditions before investing in specific investments.
Avoid the noise
Successful cricket teams are not fazed by what the media has to say in pre-match analysis / criticism. They are focused on the job at hand and mute all external noise. Investors too must avoid influencers and media on the next hot tip and go about investing for the long-term with their financial goals in sight.
Coaching is crucial
Even the best cricket teams require coaching, in fact they have a team of coaches. Coach can guide teams on the various factors . Likewise, even investors must consider engaging an expert financial planner for guidance on their investment journey.
Investing just like Cricket is an art which can be mastered with patience preparation and perseverance.
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