Study and apply the tools taught by great thinkers. Learn every day.
First, a repost about the late Charlie Munger, Warren Buffett's partner.
Thinking tools and basketball uses:
- Inversion
- Incentives
- Circle of Competence
- Avoiding stupidity
- Compounding
- Latticework of mental models
- Avoid envy
Inversion
Apply the wisdom of mathematician Carl Jacobi. "Invert, always invert." Approach a problem differently.
John Wooden said that basketball was a game meant to be played fast. With superior talent, that's spot on. But the underdog should slow the pace. Better possessions, fewer mistakes. In the 1973 playoffs, we faced a team which had won 17 consecutive games. Our first possession, we passed the ball 22 times and then made the shot. We only took 42 shots, making 23, beating the favorite 58-38.
Incentives
People's behavior often aligns with incentives. They follow the pathways that 'rewards' them.
The Oklahoma Sooners womens' team had a problem. They had a 'selfish' player whose play and shot selection didn't fit their culture. The coach and team confronted her after a game and she broke down in tears. She said that her father wouldn't talk to her unless she scored.
Identify the "root problem" and apply solutions.
Circle of Competence
"Stay in your lane." Specialization exists because nobody can know everything. Get help via a consultant, outside review, or artificial intelligence. Surrounding ourselves with great people is a "win-win."
Basketball coaches wear many hats - recruiter, public relations, organizer, fundraiser, player development expert, strength and conditioning, film reviewer, etc. Find complementary assistants who help fill in the gaps - while expanding our basketball knowledge.
Avoiding Stupidity
Bobby Knight said, "Basketball is a game of mistakes." Munger and Buffett made billions of dollars by avoiding unforced errors.
Mistakes often distill to "character" or "competence" problems. Character problems show up in behavior issues - academics, relationships, substance abuse, money problems, lack of effort. Competence flaws appear in every aspect of the game - shot selection, turnovers, undisciplined fouling, inability to block out or defend.
Compounding
A coaching philosophy of "teamwork, improvement, and accountability" worked for compounding.
"One bad apple can spoil the barrel." One percent daily improvement compounds to 37 times better over a year. That's why teaching, focus, and discipline separate excellent from good. Accountability limits "backsliding" or "slippage."
Latticework of Mental Models
Thinking becomes more than the sum of the parts. Generalists can outperform specialists when the problems - and solutions - extend beyond their domain.
Basketball requires an understanding of offense, defense, conversion, and transition. It rewards spacing, player and ball movement, and possession enders who thrive in the "scoring moment."
Performance and popularity are not the same. Winning basketball demands "playing harder for longer" and playing both ends of the court. There's nowhere to hide on the court.
Avoid Envy
The most popular radio station is WII-FM - "What's in it for me?" Envy doesn't build our character or competence. It's one of those traits that believes that "drinking poison will cause the other person to die."
Teams and players are better with "Ubuntu" (I am because we are) or "Mudita" (Your joy is my joy). Learn to celebrate the success of others rather than feeling diminished.
Coaches are teachers. Teaching changes behaviors. Change behaviors to change lives.
Lagniappe. Two extraordinary women at the top of their game.
