Posts Tagged ‘bernie kosar and bankruptcy’

Manage Your Risk or It Will Manage You

Monday, July 20th, 2009

 

To become great at anything,

1) You have to have PASSION for what you do

2) You have to have unwavering INTERNAL CONFIDENCE

3) But you better have GREAT RISK MANAGEMENT in place, or Passion and Confidence just wont matter

 

Two great athlete’s recently reminded us of this

* Bernie Kosar and Lenny Dykstra

 

Bernie Kosar

Smart, talented, hard working, generous and an over-achiever.

Now in his mid 40’s he is divorced, body is falling apart and filing for bankruptcy.

He may be broke but he is not broken. Why? because he is a winner and he knows it.

He says adjusting to regular life is what is hard, not making money, he always knows he can make money.

He has worked hard in the past to win and he is going to do the same again to get back on top.

 

Lenny Dykstra

What more needs to be said than the guys’ nickname is NAILS.

No one in recent times played cleaner, harder baseball then “nails.”

Is he a genius? Nope. But he did start a car wash franchise and sold it for tens of millions.

He is an entrepreneur, a winner…and like Bernie is now filing for bankruptcy.

 

Again,

You can have Passion and Internal Confidence but without Great Risk Management failure will always be a likely outcome.

 

Dr. Doug