Tweet Sir Roger Bannister is 78 today. And this must rank among the best four minute videos on the internet.

There is a great book by Nassim Nicholas Taleb called Fooled by Randomness, which examines the role of luck in all areas of life, particularly business and investing.

Taleb is a professor of mathematics and a derivatives trader. Not much to do with sport. But his business is complexity. There is something in statistics called “survivorship bias”. There is a danger that what we measure excludes those that have fallen by the wayside, distorting our view of the world.

Sport is a bit like that when it comes to injury and overtraining. The winner is the best on the day, and not necessarily the best over time. What we certainly don’t see at all are the no-shows, the non-runners, the might-have-beens. Imagine England’s rugby performance over the past few years if Jonny Wilkinson had not been injured.

Taleb is a fitness fanatic and keen cyclist. He says he is not interested in competitive sports, so he does not offer much to help an athlete understand success, except to offer the proverbial observation that a baseball hitter is normally cursed when he appears on the front of Sports Illustrated as it is normally followed by a reversal in fortune. (Mathematically, the previous winning streak was in fact an unsustainable run of luck).

In competitive sport, luck is not very likely to take an average athlete to a gold medal. But bad luck will certainly remove good prospects from the population of potential winners. Reducing that component of luck is what athletes strive for. In my own more modest marathon ambitions, I’m trying to do the same. Except there is not any pressure to win, just a pressure to turn up. That is not a small pressure, and if you are raising money for a charity, that pressure builds the nearer you get to the day. I ran my first marathon injured and while still recovering from a virus, dangerously toughing it out so as not to let down those who’d sponsored me.

Continue reading ‘luck, latent talent and training’

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