Insights in Investing Derived from Badminton’s Great Coach & Player – Pullela Gopichand
Tags: beginners, wealth, investements, assets
Published: 2023-03-06 10:16:44

I had a chance to hear Pullela Gopichand speak at the #ARIA #ASPIRE event a couple of days ago in Mumbai. One of the most heartwarming and soulful sessions I have personally witnessed. Here are a few highlights from the session. Once you read this, in the next section I will relate these insights to the world of investing.
Insights from Gopichand’s Talk on Life
On Success & Perseverance
Believe 100% in your ability to win; even if you are down 0-20, know exactly how you will win the game and match back. If you lose, then tell yourself that you will come back and beat the guy in the next match. Never for once doubt yourself.
Stay sober when success charms you; don’t be too elated. When you fail, don’t lose heart. Equanimity.
Give all of yourself to ‘Work’ or ‘Goal’ or whatever it is. If it doesn’t work out, then trust your intuition to know when it’s over. Recognise when something is resulting in a dead end.
If you are hanging from a cliff and can’t climb back then be brave to LET GO and jump to a different place, bounce back and start a new journey afresh. Gopichand had to stop playing active badminton at a young age due to injury and plunged into coaching.
The winners set rules that favour themselves. For example, swimming medals are numerous in the Olympics because some countries tend to win those. Not so with say, running events. India needs to work harder at sports.
A nation becomes great when a talented few can become the best in the world in their chosen field (quoted JRD Tata).
Children should go for sports early on. Even though only 1 in 100 will win; the remaining 99 still gain a lot with life lessons in failure. They get the explore the length and breadth of their physical being. They get to build their character. (Aside from me, this is why I am building a startup though the failure rate is high; it pushes me to my limits, something that a cushy corporate job would not have).
Sport is a great leveller; the boy coming in a chauffeur-driven Mercedes wearing Nike shoes learns a thing when he loses to the slum kid running barefoot. Every child must learn such lessons – respect talent, and effort, and have gratitude for one’s privilege.
What matters is not how bad you fall, how deep you fall; what only matters is how quickly you get up. His Chinese coach told him.
“Don’t simply trust whatever the media says.” This applies to celebrities and us general public too.
When things are not going your way, lie low. Prepare for when the tide rises. When it does, be brave; seize the opportunity with both hands. Sky is the limit. My take: So similar to how you must seize when markets are down and not complain when they fall.
He declined a lucrative sponsorship of a soft drink in 2001. Why? He stopped drinking soft drinks in 1997 due to health hazards; how can he sleep well by endorsing something he wouldn’t do himself? Epic and a slap on the face of those fake celebrities and sportspeople.
He had no “Plan B”. Puts you squarely in the present. Unleashes all your energy. This is a corollary to the “what happens if your plan fails” point above. Basically don’t plan to fail. Hence no plan B. But if it fails then don’t kid yourself, recognise and move on.
On Self-care
Take good care of yourself – eat well, sleep well… think well. Do your journey well. Enjoy the process/journey. Be happy wherever the journey takes you – to success or failure. It really does not matter.
Tenets of Health (the most basic thing, in addition to happiness, and gratitude): eat well, sleep well, breathe well and ensure movement of the body.
Be hungry at work, and happy at home. Don’t mix the two. Learn to be happy and satisfied at home no matter what happens at work.
Happiness
Even the worst situation does mean that life is still good. Have gratitude for having walked the path.
His friend Pradeep told him (at his height of success) – a 6 ft tall person can have a 6ft bed; 7ft is luxury; 8 ft is a super luxury. But don’t hanker for a bed bigger than the neighbour’s bed.
When his proteges left him: It is key to evaluate how things are; not the way you want them to be. A great lesson in getting real. My take: Don’t fool yourself, or don’t begrudge anything.
If God takes away something from your life; don’t worry; He is sending something else on the way.
These are amazing life lessons from a coach—in fact, the best India has seen. Once you listen to Gopi or even simply watch him, you don’t need a “life coach.” He left a mesmerising effect on the audience which was full of wealthy and successful ‘people’ in their own right.

What Does a Smart Investor Take Away from This?
That is all great stuff on life and sports. Let me examine what this means to an investor. I will list the top 10 insights from the section above and map them to the world of investing.


Believe 100% in your ability to win; even if you are down 0-20, know exactly how you will win the game and match back. If you lose, then tell yourself that you will come back and beat the guy in the next match. Never for once doubt yourself.

Investors who have a strong belief in their own abilities are more likely to make successful investment decisions. This requires doing thorough research, understanding the market and the company you are investing in, and having a long-term perspective. For example, Warren Buffett, one of the most successful investors in history, is known for his unwavering belief in his [[investment approach](https://jamawealth.com). He has said, “We try to buy stocks in businesses that are so wonderful that an idiot can run them because sooner or later, one will.” This reflects his confidence in his own ability to identify quality companies that are undervalued by the market.