Why You Should Strive For Mastery Instead Of Success

http://www.businessinsider.sg/jennifer-nichols-ted-talk-on-mastery-2015-1/#.VMsZA2iUeCk

Why You Should Strive For Mastery Instead Of Success

RICHARD FELONI STRATEGY  JAN. 30, 2015, 4:02 AM

For her first job, art historian and criticSarah Lewis curated a retrospective of the late painter Elizabeth Murray at the Museum of Modern Art in New York. She was taken aback by how undeveloped Murray’s early work looked and asked the artist what she thought about it. Murray said many of the first works on display had “missed her mark,” and she had even thrown one of the pieces in the trash before a neighbor convinced her to keep it. “In that moment, my view of success and creativity changed,” Lewis says in her TED Talk “Embrace the near win.” “I realized that success is a moment, but what we’re always celebrating is creativity and mastery.” She began to understand this concept more when she sat in on the Columbia University women’s archery team’s practice. She observed how each of the archers spent hours repeatedly missing their targets, making subtle adjustments to their form after every “near win.” Lewis realized that true fulfillment can only be achieved when we pursue mastery, embracing everything deemed a success and failure along the way, rather than dwelling on fleeting moments of victory. “Mastery is not the same as excellence,” she says. “It’s not the same as success, which I see as an event, a moment in time, and a label that the world confers upon you. Mastery is not a commitment to a goal but to a constant pursuit. What gets us to do this, what gets us to forward thrust more is to value the near win.” More valuable than first place is taking second place when gold was in your grasp, Lewis argues. The near win should be something to inspire and not crush us. “It gets us to focus on what, right now, we plan to do to address that mountain in our sights. “We build out of the unfinished idea, even if that idea is our former self. This is the dynamic of mastery. Coming close to what you thought you wanted can help you attain more than you ever dreamed you could,” Lewis says.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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