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October 22nd, 2006 - Open Knowledge — LiveJournal

Oct. 22nd, 2006

01:42 pm - Secrets of Greatness

Via BusinessPundit:


http://money.cnn.com/magazines/fortune/fortune_archive/2006/10/30/8391794/index.htm?postversion=2006101915


What it takes to be great
Research now shows that the lack of natural talent is irrelevant to great success. The secret? Painful and demanding practice and hard work
FORTUNE Magazine
By Geoffrey Colvin, senior editor-at-large
October 19 2006: 3:14 PM EDT

(Fortune Magazine) -- What makes Tiger Woods great? What made Berkshire Hathaway (Charts) Chairman Warren Buffett the world's premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what he ended up doing. As Buffett told Fortune not long ago, he was "wired at birth to allocate capital." It's a one-in-a-million thing. You've got it - or you don't.

Well, folks, it's not so simple. For one thing, you do not possess a natural gift for a certain job, because targeted natural gifts don't exist. (Sorry, Warren.) You are not a born CEO or investor or chess grandmaster. You will achieve greatness only through an enormous amount of hard work over many years. And not just any hard work, but work of a particular type that's demanding and painful.

Buffett, for instance, is famed for his discipline and the hours he spends studying financial statements of potential investment targets. The good news is that your lack of a natural gift is irrelevant - talent has little or nothing to do with greatness. You can make yourself into any number of things, and you can even make yourself great.

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