by Tim Nash
There’s an economic term I’ve been thinking about lately, and the more I think about it, the more parallels I see to athletics and athletic achievement.
The term is “The Greater Fool.” In economics, the Greater Fool theory says, “the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants.” The Greater Fool buys long and sells short. Economies need Greater Fools in order for others to profit. [Read more…]
by Tim Nash
I know a guy who watched the movie “Silence of the Lambs” and came away with an admiration for the murderous, cannibalistic villain Hannibal Lecter because, “He didn’t whine about his situation in life.”
When Hannibal Lecter is better than whining, you must really despise whining. [Read more…]
by Tim Nash
Were you successful? We seem to answer that question too easily. For many parents, players and coaches, the answer is found in wins and losses. If you scored more points than your opponent, you were successful. If your team has more wins than losses at the end of the season, you succeeded.
That’s just how we measure stuff like success. But should we? There’s a lot more to success than wins and losses. And that’s not just a way to make people on the losing side feel better about themselves. An article in Psychology Today points out the way we measure success should be much more complicated than it is. [Read more…]