Success needs original ideas. Original ideas need solitude.
Successful investors walk alone.
Sometimes, they’re lonely.
Investing is more about sitting than action.
Sitting around inactively breeds loneliness.
The antidote is activity – other activity. Not market-related.
Successful investors do other stuff to tackle this loneliness.
Buffett plays poker.
Branson is breaking into some virgin territory or the other.
Gates is busy souping up his home.
Trump blares his trumpet on a TV show.
Jindal plays polo.
Mallya’s sole focus has been other stuff, so much so, that he’s become unsuccessful.
Mahindra loves to tweet.
Tata walks his dog.
Sachin watches Wimbledon live.
Mr. Bean is seen on the F1 circuit.
You get the gist.
These people follow one or more “other” activity / activities so passionately, that they forget about their main activity for a while.
Their system recuperates. Time is bridged to the next instance of main-frame action. While traversing this bridge, body, mind and soul have recuperated. System is fresh, ready and waiting for new action.
When you’re walking alone next time, you’ll be able to deal easily with any loneliness on the path.
One might make moderate returns, investing with the masses.
To outperform, though, one needs to walk alone.
The successful investor realizes that he can’t get out of this one.
Therefore, the successful investor creates a way to still come out winning.
This is human capital at peak performance!