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Re: Thoughts on: Jordan

The Investor's Journal — Wed, 10 Oct 2007 12:51:47 -0000

Very nice article. I vaguely remember seeing a commercial where Michael Jordan says that quote and you see him failing over and over.

When I first started in the stock market, I did horrible. I lost a big chunk of my portfolio in the first year. It was devastating, but I told myself if I don't learn from these mistakes and don't give up, that I can be successful. The next year I made up all the losses and was beating the indexes.

Re: Thoughts on: Jordan

Steve — Tue, 09 Oct 2007 21:27:23 -0000

@Investing911: there definitely is a fine line between the two. You have to analyze, learn and then move on without dwelling on it.

@Ruth: What is a light bulb compared to the ability to put an orange ball through a hoop? :)

@Guiness416: I'm sure there are one or two interesting lessons you could draw from THAT Jordan, too...

Re: Thoughts on: Jordan

Investing911 — Tue, 09 Oct 2007 21:10:09 -0000

In one hand you're saying to forget the mistake and move on, in the other hand you're saying analyze the mistake to improve upon it. There is a fine line there.

Re: Thoughts on: Jordan

Ruth — Tue, 09 Oct 2007 19:09:08 -0000

Before Jordan, there was Thomas Edison. It took more than 3,000 attempts to find a filament that would work in the electric light bulb. His quote, similar to Jordan's, is this:

"Results? Why, man, I have gotten lots of results! If I find 10,000 ways something won't work, I haven't failed. I am not discouraged, because every wrong attempt discarded is often a step forward.... "

Re: Thoughts on: Jordan

Patrick — Tue, 09 Oct 2007 19:06:52 -0000

Very true. Jordan was "the man," by the way. I had the luck to see him play basketball once against the Houston Rockets (Jordan, Pippen, Rodman) vs (Olajuwan, Drexler, Barkley). It was like watching an all-star game!

I also saw Jordan play minor league baseball when I lived in Alabama. I don't know very many people who have seen him play both sports live.

Re: Thoughts on: Jordan

guinness416 — Tue, 09 Oct 2007 18:57:05 -0000

When I saw this in my RSS reader I honestly thought it was about this Jordan .... I need to stop reading British tabloids ....

Re: Thoughts on: Jordan

Kyle — Tue, 09 Oct 2007 18:04:36 -0000

Great quote. Jordan had the gift of being able to learn from mistakes to become a better player. Truly a great talent! Just keep a baseball bat out of his hands. :-)

Kyle's last blog post..Frugal Ways To Get In Shape