Date
22 September 2017
A top player like Kevin Durant needs to have the courage to shoot when the opportunity arises and not be afraid to take responsibility. Photo: The Mercury News
A top player like Kevin Durant needs to have the courage to shoot when the opportunity arises and not be afraid to take responsibility. Photo: The Mercury News

What a fund manager can learn from Kevin Durant

In an NBA game last year when Kevin Durant was playing for the Oklahoma City Thunder, he yelled at his teammate to “shoot the ball!” when his teammate chose to pass even when he had a pretty good chance to shoot a three-pointer. This scene pops up in my mind from time to time.

Some netizens say I should not go too far and get excessively obsessed with maximizing investment profit.

However, my thinking is good days won’t last forever. We have to “shoot the ball” when the opportunity arises.

As a fund manager, you are expected to score as much as you can, like a basketball player, rather than holding back and allowing the chance to slip away.

Certainly, I won’t be optimistic all the time and will not hesitate to take profit and walk away when the market shows negative developments, as I have done in the past.

Nevertheless, it’s a bad idea to be worried all the time when there is no good reason to be.

Fund managers are judged by their investment performance, therefore, I won’t stand on the sidelines because of unfounded concerns.

Being cautious won’t hurt. Yet, for many, it is a handy excuse for doing nothing when the market is surging.

Durant later joined the Golden State Warriors and became the NBA’s most valuable player in the past season. I believe that to become a top player like him, one has to have the courage to shoot and not be afraid to take responsibility, win or lose.

Like Durant, I will shoot the ball as long as I feel that is the right thing to do.

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RT/RA

Director, Asset Management at Ample Capital Limited.

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