Ep#31: Shane Watson; Why results can’t determine confidence; mental toughness and switching on/off, lessons learnt and The Winner’s Mindset

What has Shane Watson learnt on the cricket field that is applicable to business? A lot... and it is all in his new book, The Winner’s Mindset, released in January 2024. Yes there is some cricket talk on Ep#31 of the Good Investing Podcast, but the real focus is on what Shane has learnt over his career about how the mind works, the mistakes he has made and how to motivate and help people to perform at their best as often as possible. We read an earlier edition over summer and what struck us was Shane’s honesty and openness but also the applicability of a lot of what he wrote to the business world.

Shane talks about the difference between Mindset and Skillset, how the conscious mind works vs the unconscious mind and the fact that confidence cannot be about results. Very true in sport, life and investing. Yes, we all strive for good results but we can’t control whether we achieve them. He talks about his performance equation, mental toughness – again equally applicable to the sporting field as the Boardroom and his ACT model. We even have for the very first time a Good Investing Podcast competition where listeners can win the book, personally signed by Shane. The first five people that correctly answer the question, “Who is the best slip fielder Shane has ever seen?” receive a signed copy of his new book. Entries are to be emailed to support@ethicalpartners.com.au. How good!

Link to buy the book: https://shanewatson.au/

Link to BEON Performance: https://www.beonperformance.com/

Highlights

2 min 10 sec The great Good Investing Podcast competition – see the end of the show notes below for details

2.56 Shane’s book, “The Winner’s Mindset” and its relevance to both sport and business. Available 31 January 2024 here https://shanewatson.au/

8.00 The meeting that changed Shane’s life and flying immediately to Charlotte, USA to learn a critical set of new mental skills

13.30 The difference between mindset and skillset… being able to access your skills more often

16.20 Conscious mind vs unconscious mind, what you have control of and when

19.20 The link through to “gut feel” – bringing together what has accumulated in your unconscious mind to make your best decision at that point in time

21.25 Confidence should not be about results… it needs to be based around different factors

25.00 Confidence needs to be about preparation and focus

27.50 Shane’s performance equation… A x B = Results. The “B” factors can’t be controlled so therefore you can’t control results

31.00 Being “results driven” but not be constantly focussed on results only because results can’t be controlled

35.16 How to deal with major disappointments

38.01 The ability to “switch on” and “switch off” and being able to perform for a longer period of time. Conserving your mental energy.

44.35 Social media and distractions

49.05 Mental toughness – what is it and how do you develop it?

54.20 Shane’s seven rules of mental toughness

58.10 The ACT Model… you at your best

1 hr 20 secs BEON Performance – the business. Bringing these skills to the workplace

1.05 40 secs Shane answers the cricket questions you always wanted to ask him

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