Skip to main content

Pete Sampras on Winning (IBD)


Nice inspirational article from IBD on Pete Sampras' quest to find his winning edge:

"In a career defined by victories, Pete Sampras learned his most valuable lesson in defeat.

At 19 years and 28 days, Sampras made a global splash by becoming the youngest men's champion of the U.S. Open in 1990.

For the next two years, he was ranked as high as sixth in the world. He was making a good living and was content with his career.

Then came the 1992 Open final. It was Sampras' first Grand Slam title match since his 1990 breakout. This time he lost to Stefan Edberg.

Sampras usually stayed even-keeled even after a defeat, but the way he lost ate away at him.

"You know as an athlete when you're fighting hard or not. All I did was just sort of play. I didn't dig deep. I didn't fight hard. I felt mentally I just sort of gave up," Sampras, 39, told IBD.

For the next few months, that loss stayed with him.

"It bothered me to the point where it was my 'ah-ha' moment," he said. "It just sort of woke me up to 'I do hate to lose.' From that point on, if I was going to lose a tennis match, it wasn't going to be because I gave up, but because I was outplayed or I didn't play well. It changed everything, that one loss..."

Check out the full piece and find out what Sampras was willing to do in order to harness his killer instinct and compete at the top levels of the game. I found some lessons here that could certainly apply to the arenas of trading, investing, or any endeavor where you are competing to reach your best "level of play".

Popular posts from this blog

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4.

Slate profiles Victor Niederhoffer

Slate's recent profile of writer/speculator, Vic Niederhoffer has been getting some attention from traders and finance types in recent days. I thought we'd take a look at it here too, to offer up some possible educational value from Vic's experiences with trading and loss. Here's an excerpt from Slate's profile of Victor Niederhoffer : " I've enjoyed getting your e-mails. It sounds like you've thought a lot about being wrong. Well, the reason you contacted me, to call a spade a spade, is that I'm sort of infamous for having made a big, notorious, terrible error not once but twice in my market career. Let's talk about those errors. The first was your investment in the Thai baht, which pretty much wiped you out when the Thai stock market crashed in 1997. I made so many errors there it's pathetic. I made one of my favorite errors: "The mouse with one hole is quickly cornered." That is key. There are certain decisions you make in li

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean