What Can You Learn From Mayweather as a Trader?
Last night's blockbuster fight with Conor McGregor taking on Floyd Mayweather was anything but the "better than expected" fight the media is painting a picture of today. This was as predictable as the sun rising every day. As sure an outcome as there is. Mayweather made it that way. He set the stage for the lowest risk, big fight, payday as can be done and fans bought it like the finest of Filet Mignon.
Did I pay to watch it?
Not on your life. Waste of money and time.
Uncertainty is what makes for good boxing matches or UFC matches. Ones where the outcome is not decided ahead of time although I am sure there are enough fights over the year that have been deliberately fixed this way where money is involved.
Fans clamored over the hype and the fight was the talk on the street weeks before it actually took place. All that means is their theatrics worked. From two of the best actors in their respective sports who are controversial, outspoken and boisterous. When Floyd said he picked the right person to have his final match, he wasn't kidding. He knows McGregor is famous for his mouth more than anything else. However that is what fans love. What made Mayweather great over the years and why he makes so much is the fact he gets this well and formed a company around it. Consequently he'll go down as the richest athlete in history likely. Making 200 million in a sure thing is the easiest low risk situation he'll likely ever encounter in his life.
However that is the lesson for you as a trader. You cherry pick your trades when it makes the most sense. When hype is at its highest and when there is the most money to be made.
The other lesson one can learn here is the longevity. Mayweather was able to fight into his 40's not because he was a power puncher but because he was a defensive magician. He was never hit very hard in his life. He generally gave up the early rounds to figure out his opponent and that is the point of losing small to win big.
While the fight itself held no interest what so ever to me I had thought of taking the ridiculous odds to wager a bet on MacGregor as a contrarian. While I knew this was a probable loser the risk to reward would have been astronomical had MacGregor done the unthinkable. A small wager could have blossomed into a fortune. Had he had more professional boxing matches to gage his skill against other opponents I might have done this but there was nothing to compare it to. He was clearly out of his element against one of the most savvy boxers ever to put on gloves. However if you are looking for a home run then that is the time to take a big swing. Chances are you will strike out but if you actually hit it you win the game.
Mayweather was a savvy businessman as much as he was a champion. He knew what to do inside and outside the ring. I have to give him credit this way. He did what he always has done. The Paccio fight was a great example of that. He simply bided his time until the moment was right. Then he fought. He maxed out his winnings while minimizing his losses.
While his theatrics and attitude will likely stay off my list as character traits I would like to have his defensive skills and timing were impeccable. While his personality is questionable one can not question his nickname. "Money". He sure was!
Did I pay to watch it?
Not on your life. Waste of money and time.
Uncertainty is what makes for good boxing matches or UFC matches. Ones where the outcome is not decided ahead of time although I am sure there are enough fights over the year that have been deliberately fixed this way where money is involved.
Fans clamored over the hype and the fight was the talk on the street weeks before it actually took place. All that means is their theatrics worked. From two of the best actors in their respective sports who are controversial, outspoken and boisterous. When Floyd said he picked the right person to have his final match, he wasn't kidding. He knows McGregor is famous for his mouth more than anything else. However that is what fans love. What made Mayweather great over the years and why he makes so much is the fact he gets this well and formed a company around it. Consequently he'll go down as the richest athlete in history likely. Making 200 million in a sure thing is the easiest low risk situation he'll likely ever encounter in his life.
However that is the lesson for you as a trader. You cherry pick your trades when it makes the most sense. When hype is at its highest and when there is the most money to be made.
The other lesson one can learn here is the longevity. Mayweather was able to fight into his 40's not because he was a power puncher but because he was a defensive magician. He was never hit very hard in his life. He generally gave up the early rounds to figure out his opponent and that is the point of losing small to win big.
While the fight itself held no interest what so ever to me I had thought of taking the ridiculous odds to wager a bet on MacGregor as a contrarian. While I knew this was a probable loser the risk to reward would have been astronomical had MacGregor done the unthinkable. A small wager could have blossomed into a fortune. Had he had more professional boxing matches to gage his skill against other opponents I might have done this but there was nothing to compare it to. He was clearly out of his element against one of the most savvy boxers ever to put on gloves. However if you are looking for a home run then that is the time to take a big swing. Chances are you will strike out but if you actually hit it you win the game.
Mayweather was a savvy businessman as much as he was a champion. He knew what to do inside and outside the ring. I have to give him credit this way. He did what he always has done. The Paccio fight was a great example of that. He simply bided his time until the moment was right. Then he fought. He maxed out his winnings while minimizing his losses.
While his theatrics and attitude will likely stay off my list as character traits I would like to have his defensive skills and timing were impeccable. While his personality is questionable one can not question his nickname. "Money". He sure was!
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