What Darts Can Teach Us About Investing

Image Source : DartHelp.com

In 2017, Singaporean duo Paul and Harith Lim made headlines after defeating top-seed Scotland in the World Cup of Darts. As a darts veteran, I appreciated their impressive performance and realized there are lessons investors can learn from the game of darts.

The first lesson is that perfection is fleeting. Paul Lim became the first person to hit a "nine-dart leg" in the World Championships in 1990. A "nine-dart leg" is a perfect leg of darts, with nine consecutive arrows hitting the target. However, this feat is extremely rare and has only been achieved a handful of times. 

Similarly, no investor can be perfect. It's impossible to predict the future, and companies may face challenges beyond our control. However, that doesn't mean we should stop investing. We can reduce the chances of making a bad investment by conducting adequate research on a company before making a decision to buy or sell it.

The second lesson is that investing is a psychological battle. Darts players are always looking for ways to gain a psychological edge over their opponent, and investors need to keep their emotions in check to avoid making irrational decisions. The concept of entering the "zone" in darts can also be applied to investing. The "zone" is a mental state of extreme focus on the bullseye, where the player can suppress any emotions and overcome distractions. When it comes to investing, entering a similar "zone" can be useful when reviewing a buy or sell decision. 

Finally, practice makes us better. Although perfection is unattainable, professional darts players continue to put in hours of practice to build confidence and muscle memory. Similarly, Smart Investors should continually hone their investing skills to boost their chances of finding winning stocks. While we'll never achieve total perfection, we can at least increase the likelihood of enjoying the delight of a successful investment.

In conclusion, the game of darts can teach us valuable lessons about investing. We should remember that perfection is unattainable, investing is a psychological battle, and practice makes us better. By applying these lessons, we can increase our chances of achieving success in the stock market.

Happy Investing!

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