From: [email protected]
To: [email protected]
Subject: FW: What's common between Buffett, Gates & Tendulkar?
Date: Tue, 5 Apr 2011 17:58:10 +0530








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From: R K Pal
[mailto:[email protected]] 

Sent: Saturday, April 02, 2011 9:42 AM

To: [email protected]

Subject: FW: What's common between Buffett, Gates & Tendulkar?





 


 
  
  

  What's common
  between Buffett, Gates & Tendulkar? 

  

   
  
  

  

 


Warren
Buffet... Bill Gates... Sachin Tendulkar... The sheer mention of
these larger-than-life demigods fills us with awe and reverence. They seem like
glorious stars; so many light years away that we are content just gazing at
them. 



Most of us have grown up believing that all great people have some inborn
talent. As if they were just meant to be that way. Have you ever thought if it
would be possible to be like them? If you haven't, you may want to reconsider
after reading this. Okay, let's consider what it takes to become a
super-achiever. 



Achievement=
Innate talent+ Opportunity+ Preparation. 



There is not much to debate about this equation. These three ingredients pretty
much make up the recipe for success. The interesting part is this... Research
on super-achievers has led psychologists to this conclusion: Preparation
plays a much bigger role in determining an individual's success than innate
talent. Wow! This means that even if you're not a born genius, you haven't
lost the battle. All you need is a willingness to prepare well. 



Now the next question is quite obvious. How much preparation to become a
world-class expert? Through extensive research in the 1990s, psychologist
Anders Ericsson arrived at a precise number: 10,000 hours. Various studies 
strongly
pointed that 10,000 hours of practice was
required to achieve world-class expertise in anything. It seems that it takes
the brain this long to assimilate all that it needs to know to achieve true
mastery. 



Warren Buffet, for instance, is famed for his discipline and the hours he
spends studying financial statements of potential investment targets. But his
informal schooling in business and investment started much early when he was
just 5. As a kid, Buffett displayed a keen interest in making and saving money.
He would go door to door selling chewing gum, Coca-Cola, or weekly magazines.
While still in high school, he carried out several successful money-making
ideas. By age 11 he made his first investment buying a stock. And by age 13, he
had filed his first income tax return. 



Take our own little master-blaster Sachin Tendulkar. He is known for spending
long hours at the nets, always perfecting his cricketing reflexes. Take
Microsoft's founder Bill Gates. He met the 10,000-hour rule when he gained
access to a high school computer at the age of 13, and spent 10,000 hours
programming on it. Practice isn't the thing you do once you're good. It's
the thing you do that makes you good. 












 
  
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