Ms Dhoni who have captained Indian Team for nine years Mahendra Singh Dhoni, who captained India in limited overs cricket for nine long years, has stepped down. "Captain Cool" as he was popularly known gives way to a new generation of players to be led by a brash, young Virat Kohli, who's waited in the wings for a while.
He has the most wins by an Indian captain in both tests and one day internationals. Among other laurels, he led India to victory in the 2007 ICC World Twenty20, the 2011 ICC Cricket World Cup and the 2013 ICC Champions Trophy. In 2009 the Indian team rose to be number one in tests for the first time.
Dhoni’s journey to greatness requires the usual facets we associate with greatness: having belief in one’s ideas and control over one’s mind, having discipline, being able to work astronomically hard, and above all, having the stamina and patience to overcome challenges and go the distance.
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We can learn from MS Dhoni to be Cool –
Dhoni is famously known as captain cool. A calm temperament is a great asset in the field of investment as well. When the markets tank, most investors lose sleep as they see the value of their portfolios shrink. Warren Buffett has said that you should be greedy when others are fearful and fearful when others are greedy. In a bear market, investors should be able to coolly evaluate which high-quality stocks have become available at a bargain and snap them up. Instead, most of them are either unable to invest more in equities, or worse still, sell their equity holdings altogether.
He is the coach and the advisor to the youngster –
There are many people in our life who have help us to walk and cross all the hurdles in our life. We always remember them in our life and cherish those lovely memories.
In Dhoni’s Life His family, Friends especially his father supported him to shape his career as a cricketer.
How can one forget his coach who passionately trained him and whose joy knew no bounds when he left his wife standing in the middle of the bazaar to convey the news of selection to M S Dhoni.
In personal finance too, your financial adviser acts in a fiduciary manner to make sure you are on track to reach your financial goals. Financial adviser acts independently without any bias to make sure the client’s best are interests are served always. Independently without any bias to make sure the client’s best are interests are served always.
Calculated bets
Dhoni does take risks but they are well-calculated ones. He does not have a reckless, all-or-nothing approach. This is reflected in the composition of the teams that he fields. Depending on the sort of pitch that the team will play on, he may take an extra spinner or an extra pace bowler. But he rarely goes with an all-pace or all-spin attack.
An investor too should make calculated bets. Warren Buffett and his partner Charlie Munger often give the analogy that they have mastered the art of vaulting over small obstacles rather than very high ones.
For instance, a typical investor may have an 8 – 12 per cent or 5 – 10 per cent strategic allocation to gold in a long-term portfolio. He may tactically shift his weightage depending on the performance of the asset class, moving to the upper end of that range when the asset class is performing badly [buy low] and to the lower end when it is performing well.
The Finisher
More specifically, his skills as a finisher. In his heyday, Dhoni was one of the best finishers in the limited-overs game, even sending yorker-length deliveries for six with his signature ‘helicopter shot’. But even Dhoni’s tried and tested ‘safety first and attack later’ approach was getting outdated, given how the limited-overs game has evolved in such a short time. Batsmen nowadays are not always allowed the luxury of consuming too many deliveries to get set, before attacking.
In recent instance MS Dhoni, the finisher with a Midas touch, was back in his elements for Rising Pune Supergiant (RPS) against Sunrisers Hyderabad (SRH) in an Indian Premier League (IPL) 2017 match.
MS Dhoni hit a 34-ball 61 not out to help his team cross the finish line in the last over. Chasing 177 to win, RPS lost a couple of quick wickets to get reduced to 98 for three. But Dhoni ensured that his team finish with a win, despite needing 47 off the last three overs.
MS Dhoni clinched the last-ball thriller with an imperious cover drive and the entire Pune dug-out, including skipper Steve Smith, gave him a standing ovation.
As you get closer to your goal—say when you are five years away from retirement—you need to reduce the risk in your investment and move a larger portion to fixed-income assets, so that a downturn in the equity market does not affect your retirement plans.
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