Bud Labitan Blog | Chapter 5: Mental Toughness (Sports & Stocks book by Bud Labitan) | Talkmarkets
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Chapter 5: Mental Toughness (Sports & Stocks book by Bud Labitan)

Date: Friday, September 1, 2017 9:35 AM EDT

Chapter 5: Mental Toughness
from the book "Sports & Stocks" by Bud Labitan

Mental toughness is a measure of individual resilience and confidence that may predict success in sports, investing, education, and work. Mental toughness and focus are a set of attributes that allow a person to become a better athlete and and a better investor. It takes self-discipline to cope with difficult training and difficult competitive situations without losing confidence. I like to think that running Cross Country and Track in High School gave me more mental toughness and perseverance. I believe that this also helped me learn to pace myself, and exercise patience.

In recent years, the term mental toughness has been commonly used by coaches, sport psychologists, sports commentators, and business leaders. Along with mental toughness, consider the idea of mental flexibility. Mental flexibility is the ability to keep an open mind and learn new things.

While "Mental toughness" refers to positive attributes that helps a person to cope with difficult situations, consider the idea of mental efficiency. Mental Efficiency is similar to good time management. To me, it means the use of our time to focus on the things that really matter in making a good decision.

Coaches use the term mental toughness to describe the mental state of athletes who persevere through difficult sport circumstances. Likewise, good preparation helps the athlete and the investor lessen the difficulties of running a play or making a challenging decision.

The great Basketball player Michael Jordan always prepared himself for game battle. He said: “I've missed more than 9000 shots in my career. I've lost almost 300 games. Twenty-Six, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.”

Each meaningful event can lead us to improve our performance. Famous Basketball Coach John Wooden said: “Do not let what you cannot do interfere with what you can do.” And “It's the little details that are vital. Little things make big things happen.”

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