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Showing posts with label analysis. Show all posts
Showing posts with label analysis. Show all posts

Wednesday 4 March 2015

Cricket’s great data debate: art v science

Andy Bull in The Guardian

In July 2007, after a history reckoned to stretch back almost 4,000 years, the game of draughts was finally solved. After two decades of work, a team of computer scientists at the University of Alberta finished sifting through the 500 billion, billion possible positions on the board. Their computer programme, Chinook, was now unbeatable. So long as neither player made a mistake, every game it played was guaranteed to end in a stalemate. Later that same summer, Peter Moores was appointed as head coach of the England cricket team. Moores was one of the new breed of coaches. A numbers man, and disciple of Michael Lewis’s much abused book, Moneyball. He even gave a copy to his batting coach, Andy Flower. Moores was so keen on advanced computer analysis that he used it as the sole basis for some of his decisions – the decision to recall Ryan Sidebottom to the side, for instance.

When Flower took over the team, he hired Nathan Leamon, a qualified coach and a former maths teacher, as the team’s analyst. The players nicknamed Leamon “Numbers”. He was extraordinarily meticulous. He used Hawk-Eye to draw up spreadsheets of every single ball delivered in Test cricket in the preceding five years. He ran match simulations – accurate to within 5% – to help England determine their strategies and their team selections. For the bowlers, he broke the pitch down into 20 blocks, each of them 100cm by 15cm, and told them which ones they should hit to best exploit the weaknesses Hawk-Eye had revealed in the opposing batsmen. Bowlers should aim to hit that particular block at least twice an over. Do that, Leamon told them, and they would “markedly increases the chance of success”.

England, it was said, were making better use of the computer analysis than any other team in the world. And it was working. They won the World T20, the Ashes home and away, and became, for a time, the No1 team in all three formats of the game. Leamon’s work was picked out as one of the reasons why. And yet now they’re losing, that very same approach is being singled out as one of the things they are doing wrong. You can see why. After England’s nine-wicket defeat to Sri Lanka, Eoin Morgan said “Going in at the halfway I think we got 310, probably 25 for both par, and again, stats back that up, par is 275, 280.” It was, Morgan thought, the bowlers who were to blame for the loss. They had delivered too many bad balls. He said he didn’t yet know why. “Over the next couple of days, we will get the Hawk-Eye stuff back and the proof will be in that.”

On Tuesday morning, Kevin Pietersen tweeted that England “are “too interested in stats”. He was echoing Graeme Swann’s comments from last summer. “I’ve sat in these meetings for the last five years,” Swann said. “It was a statistics-based game. There was this crazy stat where if we get 239 – this was before the fielding restrictions changed a bit so it would be more now, I assume – we will win 72% of matches. The whole game was built upon having this many runs after this many overs, this many partnerships, doing this in the middle, working at 4.5 an over.” Swann said he was left shaking his head.

Two respected players, both speaking from fresh first-hand experience, agree that England have become too reliant on computer analysis to tell them what to do. But balance that against the irritation old pros in all sports feel about big data. Just last week the great blowhard of the NBA Charles Barkley unleashed this tirade: “All these guys who run organisations who talk about analytics, they all have one thing in common – they’re a bunch of guys who have never played the game, and they never got the girls in high school, and they just want to get in the game.” Analytics, Barkley added, were “just some crap that some people who were really smart made up to try and get in the game”.

Barkley was shot down in flames. As Bryan Curtis summed it up in his wrap over on Grantland, commentators argued that Barkley’s rant was “unintelligible” and “wholly useless”, that he was a “dinosaur” who “didn’t even realise that the war is over”, and that “the nerds make the decisions”. In England though, where we’ve been slower to adopt analytics, the consensus seems to be that Swann and Pietersen are on to something. England’s over-reliance on the numbers has become a theme in the coverage of the team, particularly among ex-players. You can hear it when they bemoan, among other things, England’s reluctance to bowl yorkers at the stumps. That’s a tactic that has worked for years, one that has been honed by hard experience. But England’s analysis has told them that slow bouncers and full balls sent wide of off-stump are harder to score off.

The thing is, in an age when all teams are using computer analysis, a tactic isn’t good or bad because it looks that way, or because it is different to what has been done before. It is simply good if it works and bad if it doesn’t. The received wisdom is being challenged, and that’s a good thing. At the same time, cricket isn’t checkers. It can’t be solved by computer. It’s not a question of intuition versus analysis, or art v science, as David Hopps put it in a recent piece on Cricinfo. The laptop is just another tool in the box, useless unless the players understand the value of the information it provides, and no more valuable than their own ability to adapt and improvise during a match. If Swann and Pietersen are right, then England are wrong. At the same time, the lessons Leamon taught the team undoubtedly played a valuable part in their earlier success, something the sceptics seem to have forgotten.

Tuesday 15 April 2014

You can't control talent, only channel it


Jon Hotten in Cricinfo
Will we increasingly see players prefer private guidance over their team's coaching system?  © PA Photos
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Bubba Watson won the Masters golf tournament on Sunday, taking his second green jacket in three years. While he isn't quite in the league of Jack Nicklaus and Tiger Woods, Watson is - as those two did before him - playing a game with which the rest of golf is unfamiliar; at least at the Augusta National. The distance he hits the ball (with a pink driver) and the extraordinary spins that he applies in order to shape his shots through the air, mean that he attacks the famous course entirely differently to everyone else. He has never had a coach, and what's more he's never had a lesson, which makes him rare among high-end golfers (and most hackers) - it is after all the sport that authored the phrase "paralysis by analysis".
Nicklaus himself was reflecting on this during a commentary stint, and he recalled his own coach, a man named Jack Grout, who would speak to him twice a year, usually in a couple of clipped sentences. "His whole philosophy," Nicklaus said, "was to enable me to correct my own mistakes on the golf course." 
One of sport's great archetypes is the aged and taciturn coach, the kind of man who will watch silently for half an hour and then impart, often via a single and devastating sentence, a thought that changes not just how you play the game, but how you see it. When John Jacobs, a golf coach who has been working for 60 years and who is possibly the most influential instructor in the sport, sat down to write his first book, he said: "I remember that the first thing I wrote down on paper was, 'Golf is what the ball does.' That was my breakthrough as a teacher. I look at what the ball's doing, and then I ask, 'Why?'"
Jacobs had distilled his philosophy down to one thought: you can learn everything you need to know about a player's swing by watching what the ball does once it has been struck. It's fantastically obvious and wonderfully true, and it applies equally well to cricket. All that matters is that moment when bat meets ball. You could discover how to coach anything by talking to John Jacobs.
He came to mind this weekend not just during the Masters, but when I read Neil Burns' angry and telling excoriation of cricket coaching in England on this site (and a somewhat terrifying first-person account from Rupert Williams, the father of a county triallist subjected to some sort of intensive PE course reinforced with nonsensical slogans and punishment press-ups).
Burns' piece should be taken as a whole, but there were some key threads. One was: The "teach yourself about yourself" philosophy still speaks loudly to all who aspire to become top performers - or as Nicklaus' coach had it all of those years ago, "being able to correct your own mistakes". Then there was a wider notion of: "More art, less science" - or as Jacobs put it, "Golf is what the ball does."
Burns likens the expansion of sports science and the growth of the "support systems" around international teams, counties and franchises to the cult of the manager in football, a valid comparison. There is one worth drawing with golf too. David Leadbetter's success with Nick Faldo, and Butch Harmon's with Woods, led indirectly to the development of a mini-industry of swing gurus, mind coaches, short-game experts and other potential saviours, an ecosystem that feeds on itself, producing endless ways to reframe old knowledge in new language.
From there it is a short step to the cycling coach Dave Brailsford's school of "marginal gains", where everything from the quality of bikes to the togs on the cyclists' duvets are micro-managed. None of these things are intrinsically wrong, but they depend on an ever-increasing complexity to survive. And then along comes a Usain Bolt or a Bubba Watson or a Virender Sehwag and the goalposts move again…
Golf, like any other sport, has its manufactured players. Faldo's partnership with Leadbetter made legends of them both, and Woods has undergone three major swing overhauls (in truth as much to lessen the damage to his body as to change his method), the most important of those with Harmon. It's easy to see a future in which superstar freelance batsmen discard the wider team coaching systems and use similar relationships - indeed, they already exist: Kevin Pietersen and Graham Ford, Alastair Cook and Graham Gooch; even Sachin Tendulkar and his brother Ajit, with whom he'd discuss each innings (and according to Sachin, sometimes each shot…).
Ultimately, sports like golf and cricket are games of skill. They are as much about art as science. Talent will out, and it cannot be controlled, only channelled. Any idiot can get fit. Not many people can bowl like Murali. That may not be an entirely appetising lesson for the coaching industry but it's one that must be absorbed, as Neil Burns points out.

Wednesday 15 May 2013

What matters: leadership, data analysis, culture



Three factors that can play an important role in a team's success
Ed Smith
May 15, 2013
 

Kevon Cooper celebrates a wicket with James Faulkner, Kings XI Punjab v Rajasthan Royals, IPL, Mohali, May 9, 2013
Rajasthan Royals are an example of a cricket team that underspends and overachieves © BCCI 
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A writer yearns to have intelligent readers who engage with his ideas. Then you realise that they are examining your logic with an uncomfortably forensic eye.
Two weeks ago I argued that all students of sport need to understand randomness. That the familiar talking points of selection and tactics are lazily thrown around to explain events they often do not influence. That understanding the "causes" of why things happen in sport is very difficult.
Enter Kieran McMaster, a statistician and ESPNcricinfo reader. He asks how I can explain the evolution of the Spain football team and the All Blacks rugby squad, teams that not only win but also drive forward the evolution of their sport. Surely that is evidence of tactical supremacy? Moreover, his question gained added weight thanks to a random external event: the retirement of Sir Alex Ferguson. How can I square my scepticism about the short-term influence of tactics and selection with the consistent and relentless success of Sir Alex, who manipulated the levers of management so shrewdly?
Here goes.
I certainly do believe in leadership. It is obviously true that some captains and coaches make a sustained difference. Warren Gatland has transformed the Welsh rugby team from romantic underachievers to pragmatic winners. Jose Mourinho wins something wherever he goes. The pattern of success is too consistent to be explained by randomness. One out of one might be dumb luck. But it is much more likely to be skill than luck if a coach has a long sequence of different winning teams.
It is equally true that there aren't many coaches and captains in this elite category, certainly fewer than there are teams that need managers. Great coaches are incredibly rare. So clubs that continually chop and change managers, searching for the right "chemistry" (usually a euphemism) are usually taking an ill-judged risk. It is a statistical fact that changing the manager, on average, makes no difference at all to the performance of the team. It is, however, always expensive and usually distracting. Most teams would be better advised to invest in youth coaching and infrastructure rather than another round of sackings at the top.
Consider the following logic. If every club sacked its coach on the basis that they were searching for Sir Alex Ferguson, at the end of the process there would still only be one club with Sir Alex Ferguson, and dozens of disappointed teams, because there can only ever be one manager who is the best in the world. Sometimes it's better to work with what you've got rather than chase fantasies.
Secondly, I acknowledge that teams can gain a competitive advantage through smarter, clearer use of data and statistics. We all know about Moneyball and the Oakland A's. Cricket has a more current example: the Rajasthan Royals. They underspend and overachieve. And, like the A's, they use data to study how games are really won, instead of just recycling clichés. According to Raghu Iyer, the Royals' CEO, their strategy is not to buy famous players but to "out-think the opposition" at the player auction.
Thirdly, I believe in the power of culture. The recurrent success of some national sides cannot be explained by random cycles of dominance. Some sporting cultures achieve success because they get more things right, from grass roots to World Cup final. The All Blacks play a wonderful brand of total rugby. They rely on skills developed throughout New Zealand's rugby culture. In Dunedin this March, during rain delays in the cricket Test match between England and New Zealand, I watched Otago practise on the adjacent rugby ground. Everyone can pass, everyone has awareness, there are no donkeys and no under-skilled thugs.
 
 
The serious analyst of sport runs into difficulties when he argues that "an Australian would never have dropped that catch because they're tougher over there", or "India lost the match because they should have picked X"
 
Something similar can be said about Spanish football. Only once have I succumbed to a satirical rant on Twitter. It was during the European Cup final of 2012. In the lead- up to the match, we had to endure ill-informed punditry about how Spain's refusal to pick "an outright striker" was a negative move, how they played a cautious game based on control of the ball rather than dynamic sweeping moves, how rival teams ought to do this and ought to do that, as though opponents hadn't already tried everything and simply lost. Basically there was a widespread reluctance to admit that Spain had developed a systemic solution to playing a better, more modern brand of football. This struck me as both insane and ungracious.
In the 14th minute, Cesc Fabregas, an attacking midfielder who was playing instead of the lamentably absent "outright striker", scored a typically classy goal. The goal revealed the interaction of control, technique, movement, intelligence and team work - a microcosm of Spanish footballing philosophy. Spain went on to win 4-0, and this columnist could not resist a series of sarcastic tweets about "boring Spain", "stupid selection", "wrong-headed tactics" and so on.
But I'm not certain, returning to our original question, that the influence of national sporting culture should be filed under the heading "tactics". It is more a case of philosophy culminating in elite expression. Put differently: if Spain had been instructed by their manager to play a violent, low-skill form of football in that final, I doubt they could have done so. So deeply ingrained is their approach that it has become second nature, not really a "tactic" at all.
I thrill to all three of these methods of gaining an edge in sport: through leadership, via analysis, and through culture.
However, and here is the crucial point, not everything that happens on the sports pitch can be explained in terms of leadership and strategy, or even culture (though the influence of culture is so subtle that it's impossible to measure).
This is especially true over the short term. The serious analyst of sport runs into difficulties when he argues that "an Australian would never have dropped that catch because they're tougher over there", or "India lost the match because they should have picked X", or "imagine how good we'd be if we changed the captain". Above all, my scepticism about causes kicks in when a match is lost and a media inquest begins into everything that immediately preceded the defeat, as though the former inevitably led to the latter.
In sport, as in life, I believe in the capacity of innovation, strategy and intelligence to make a difference over the long term. But that faith can coexist with the right to challenge the retrofitting of today's causes to suit yesterday's events.
You can be a short-term sceptic and still a long-term optimist.

Tuesday 7 May 2013

Solving Equation of a Hit Film Script, With Data



LOS ANGELES — Forget zombies. The data crunchers are invading Hollywood.
The same kind of numbers analysis that has reshaped areas like politics and online marketing is increasingly being used by the entertainment industry.
Netflix tells customers what to rent based on algorithms that analyze previous selections, Pandora does the same with music, and studios have started using Facebook “likes” and online trailer views to mold advertising and even films.
Now, the slicing and dicing is seeping into one of the last corners of Hollywood where creativity and old-fashioned instinct still hold sway: the screenplay.
A chain-smoking former statistics professor named Vinny Bruzzese — “the reigning mad scientist of Hollywood,” in the words of one studio customer — has started to aggressively pitch a service he calls script evaluation. For as much as $20,000 per script, Mr. Bruzzese and a team of analysts compare the story structure and genre of a draft script with those of released movies, looking for clues to box-office success. His company, Worldwide Motion Picture Group, also digs into an extensive database of focus group results for similar films and surveys 1,500 potential moviegoers. What do you like? What should be changed?
“Demons in horror movies can target people or be summoned,” Mr. Bruzzese said in a gravelly voice, by way of example. “If it’s a targeting demon, you are likely to have much higher opening-weekend sales than if it’s summoned. So get rid of that Ouija Board scene.”
Bowling scenes tend to pop up in films that fizzle, Mr. Bruzzese, 39, continued. Therefore it is statistically unwise to include one in your script. “A cursed superhero never sells as well as a guardian superhero,” one like Superman who acts as a protector, he added.
His recommendations, delivered in a 20- to 30-page report, might range from minor tightening to substantial rewrites: more people would relate to this character if she had a sympathetic sidekick, for instance.
Script “doctors,” as Hollywood refers to writing consultants, have long worked quietly on movie assembly lines. But many top screenwriters — the kind who attain exalted status in the industry, even if they remain largely unknown to the multiplex masses — reject Mr. Bruzzese’s statistical intrusion into their craft.
“This is my worst nightmare” said Ol Parker, a writer whose film credits include “The Best Exotic Marigold Hotel.” “It’s the enemy of creativity, nothing more than an attempt to mimic that which has worked before. It can only result in an increasingly bland homogenization, a pell-mell rush for the middle of the road.”
Mr. Parker drew a breath. “Look, I’d take a suggestion from my grandmother if I thought it would improve a film I was writing,” he said. “But this feels like the studio would listen to my grandmother before me, and that is terrifying.”
But a lot of producers, studio executives and major film financiers disagree. Already they have quietly hired Mr. Bruzzese’s company to analyze about 100 scripts, including an early treatment for “Oz the Great and Powerful,” which has taken in $484.8 million worldwide.
Mr. Bruzzese (pronounced brew-ZEZ-ee), who is one of a very few if not the only entrepreneur to use this form of script analysis, is plotting to take it to Broadway and television now that he has traction in movies.
“It takes a lot of the risk out of what I do,” said Scott Steindorff, a producer who used Mr. Bruzzese to evaluate the script for “The Lincoln Lawyer,” a hit 2011 crime drama. “Everyone is going to be doing this soon.” Mr. Steindorff added, “The only people who are resistant are the writers: ‘I’m making art, I can’t possibly do this.’ ”
Audience research has been known to save a movie, but it has also famously missed the mark. Opinion surveys — “idiot cards,” as some unimpressed directors call them — indicated that “Fight Club” would be the flop of the century. It took in more than $100 million worldwide.
But, as the stakes of making movies become ever higher, Hollywood leans ever harder on research to minimize guesswork. Moreover, studios have trimmed spending on internal script development. Mr. Bruzzese is also pitching script analysis to studios as a duck-and-cover technique — for “when the inevitable argument of ‘I am not going to take the blame if this movie doesn’t work’ comes up,” his Web site says.
Mr. Bruzzese taught statistics at the State University of New York at Stony Brook on Long Island before moving into movie research about a decade ago, motivated by a desire for more money and a childhood love of movies.
He acknowledged that many writers are “skittish” about his service. But he countered that it is not as threatening as it may sound.
“This is just advice, and you can use all of it, some of it or none of it,” he said.
But ignore it at your peril, according to one production executive. Motion Picture Group, of Culver City, Calif., analyzed the script for “Abraham Lincoln: Vampire Hunter,” said the executive, who worked on the film, but the production companies that supplied it to 20th Century Fox did not heed all of the advice. The movie flopped. Mr. Bruzzese declined to comment.
Mr. Bruzzese emphasized that his script analysis is not done by machines. His reports rely on statistics and survey results, but before evaluating a script he meets with the writer or writers to “hear and understand the creative vision, so our analysis can be contextualized,” he said.
But he is also unapologetic about his focus on financial outcomes. “I understand that writing is an art, and I deeply respect that,” he said. “But the earlier you get in with testing and research, the more successful movies you will make.”
The service actually gives writers more control over their work, said Mark Gill, president of Millennium Films and a client. In traditional testing, the kind done when a film is almost complete, the writer is typically no longer involved. With script testing, the writer can still control changes.
One Oscar-winning writer who, at the insistence of a producer, had a script analyzed by Mr. Bruzzese said his initial worries proved unfounded.
“It was a complete shock, the best notes on a draft that I have ever received,” said the writer, who spoke on the condition of anonymity, citing his reputation.
Script analysis is new enough to remain a bit of a Hollywood taboo. Major film financiers and advisers like Houlihan Lokey confirmed that they had used the service, but declined to speak on the record about it. The six major Hollywood movie studios declined to comment.
But doors are opening for Mr. Bruzzese nonetheless, in part because he is such a character. For instance, he bills himself as a distant relative of Einstein’s, a claim that is unverifiable but never fails to impress studio executives.
Mr. Bruzzese, a movie enthusiast with a seemingly encyclopedic memory of screenplays, also speaks bluntly, a rarity in Hollywood.
“All screenwriters think their babies are beautiful,” he said, taking a chug of Diet Dr Pepper followed by a gulp of Diet Coke and a drag on a Camel. “I’m here to tell it like it is: Some babies are ugly.”

Wednesday 3 October 2012

The sequencing and analysis of the first Malayali personal genome


The new Malayali world of DNA

T. NANDAKUMAR
A Kochi-based laboratory has completed the full sequencing and analysis of the first Malayali personal genome, revealing the genetic diversity of the linguistic group and signalling a revolution in disease diagnosis and treatment.
The study by SciGenom Laboratories established that the Malayali is genetically similar to the Caucasians more than any other race on earth.
A detailed report on the analysis has been published after peer review by BMC Genomics, an international medical journal that identifies and pools research contributions in genomics. Investigators at SciGenom Labs had joined hands with Stephan C. Suschter's laboratory at Pennstate, USA, and others to analyse the genome sequencing data.
The report carries elaborate comparison of Malayali genome against other published genomes from other parts of the world. The study revealed that the gene sequence of the Malayali varies from Chinese and African genomes but stands closer to the Caucasian, a term denoting the white race.
Genetic diversity
According to the report, the availability of this genome and the variants identified is a first step in understanding the genetic diversity in the Indian subcontinent, a crucial factor in identifying clinically relevant changes. These changes, along with further studies on additional genomes from this region, should provide a comprehensive assessment of the disease burden in the Indian population, it concluded.
Dr. George Thomas, Director, SciGenom Labs, said this was the first complete sequencing of a South Asian Indian female (SAIF) genome. “The real challenge with regard to the data obtained from genome sequencing is its analysis for arriving at sound conclusions. The analysis enables listing out those genetic deformities and hidden diseases in an individual which would come out in future,” he said.
“So diseases such as cancer, diabetes, liver diseases, and Alzheimer’s would become predictable and there could be preventive treatment and personalised drugs. This is the field occupied by bioinformatics and India needs to develop a good number of experts in this field,” he said.
The sequencing and genotype data has been deposited at the European Genome-Phenome Archive, hosted by the European Bioinformatics Institute (EBI). The SAIF variant information could be viewed at http://gbrowse.scigenom.com. and the full report published by BMC Genomics was available at http://www.biomedcentral.com/1471-2164/13/440, a press note issued by SciGenom Laboratories said.

Thursday 7 June 2012

What will happen in the eurozone? Don't ask the experts, they don't have a clue


Simon English: The Independent

Thursday, 7 June 2012
Outlook Shares were up yesterday, theoretically on hope that the eurozone "crisis" will be
resolved. If they are down again today (that's the way to bet) does that mean we are
suddenly back in the mire?

Not really. One thing that happens when economic news gets interesting enough to bother
the front pages is that all sorts of unlikely people, TV presenters for example, suddenly claim
to care about the machinations of this curiosity called markets.

If they've fallen there must be a good reason why – we shall tell people what that reason is.
Sometimes markets are moved by genuine shifts in sentiment or genuine moves in perception
of what the future holds, but it is hard to see that's the case lately. They are moving on
noise and, moreover, on extremely low trading volumes.

The eurozone situation is so hard to call that traders, fund managers, bankers, economists
and the whole rest of the chasing pack of folk pretending they know what's going on from
one day to the next are left floundering even more than usual.
They might like to say "search me, I've no clue", but that could prove to be a seriously
career limiting stance.

Instead, they react to newsflow, rather than relying on the considered analysis on which
their jobs are supposedly based.

That daily tension between greed and fear has always been present and trading on what one
thinks will be in the news is far from a fresh approach, but the trend is lately exacerbated
since the possibilities are so far apart (either we're all doomed to the Third World War, or
we're heading to the end of the banking crisis and a fresh boom in prosperity).

So much so that Matthew Lynn of Strategy Economics argued the following in a paper
yesterday: "Conventional economics is now largely useless in trying to analyse the twists and
turns of the unfolding euro crisis: it has long since left behind any rational calculation of what
is good and bad for the Continent."

If he is right, most economists should pretty much just resign.

By Mr Lynn's telling, the present situation is best understood as a branch of game theory. "The markets take the euro-zone to the brink of collapse. Asset prices plunge. "As they peer over the edge of the abyss, the leaders... take fright and come up with whatever is necessary to keep the system from collapsing," he writes.

This has happened several times already and will keep happening, goes the theory.

He thinks this game of chicken is a trading opportunity, and suggests buying blue-chip
European stocks, French bonds, German property, gold and the Russian stock market. They'll
all go up after the Greek elections and the next big rescue deal, he says, at least for a while.
Even if you aren't in the mood to take such risks, his analysis might be a source of comfort.
His wider point seems to be that, since it is in no one's interests for an entire continent to go
bust, they shall keep figuring out a deal to prevent such a calamity.

Mr Lynn thinks that none of the bailouts can work in the long-term, but he might concede
that until tomorrow comes (it never has yet) we can all live forever, one day at a time.
In the short-term, there are money-making opportunities for those who ignore the gloomy
chat.

So don't look too closely at the stock market. Its daily gyrations really aren't telling you
anything that helpful.

s.english@independent.co.uk

Saturday 31 March 2012

An Ethical Financial Analyst

Financial analyst Neeraj Monga
 
Financial analyst Neeraj Monga’s reports have India Inc in a funk

The Canadian newspaper report, boldly headlined ‘Yellow Pages strikes back at analyst’, is framed and prominently displayed in a corner office of the Toronto-based firm Veritas Investment Research. The Financial Post article refers to a July 2006 report from Veritas, titled ‘The Count of Yellow Pages’, that was quite unambiguously bearish on the Yellow Pages Income Fund, even though at the time it was the second largest trust in Canada with a market capitalisation of over $8 billion. That didn’t prevent Veritas analysts Neeraj Monga and Chris Silvestre from arguing that “past performance is no indicator of future results. We believe that ypg is the poster child of this adage”.
The Bull Buster
Age 40
Place of Birth Udaipur
Work Executive vice-president and head of research at Toronto-based forensic accounting firm, Veritas, whose candid reports on prominent Indian firms are making headlines.
Hobbies Monga enjoys cooking, especially experimenting with recipes. He likes Bollywood films (Dil Chahta Hai is a favourite) and listens to old Hindi music (especially Mohd Rafi). Has most recently read the biography of Steve Jobs. Loves travelling to sunnier climes.
Family Wife Dimple is a homemaker. Children: Sanjana, 5, and Arjun, 1.

In the Financial Post article, Yellow Pages CEO Marc Tellier had fired back that 11 of 12 analysts had “buy” recommendations on the company. Now, almost six years later, the stock which was then trading at nearly $16 barely touches double digits—in pennies—on the Toronto Stock Exchange.

India-born Monga, executive vice-president and head of research at Veritas, has written a bunch of reports since then, and those involved in the inner machinery of BSE 100 stocks will certainly be paying serious attention to his work. After all, his reports on Reliance Industries and Reliance Communications (exactly five years from the day the Yellow Pages report was published), and then on UB Holdings and Kingfisher Airlines and, most recently, on DLF, have generated tremors—and headlines.

As Monga points out in an interview at his Toronto office, this isn’t about ulterior motives and targeting Indian companies: “Ultimately, it’s about two things, governance and vision. There are very few visionary people out there, mostly in North America, creating businesses from scratch. In India, some of the biggest companies are trying to rip other people off.” That’s just the sort of candid language that has roiled the usually placid waters of equity research aimed at Indian corporates. For instance, the DLF report summarised: “If your investment decision incorporates management integrity, then bypassing DLF will be an easy choice.”

There’s more to come: Veritas established a research unit focused on India this January. Led by Monga, the unit expects to deliver between 6-8 reports in 2012 itself. As a frequent visitor to India, Monga is aware of the terrain: “India, in general, as a nation, has been led by rhetoric rather than fact. So I decided perhaps we can inject some facts into the debate.” Clearly, he has forceful views and is unafraid about presenting them. “Generally information coming out of India and/or China has been pretty...” Monga pauses and contemplates the apt word, “untrustworthy.”
‘Brothers In Arms’: Jul ’11

What Veritas said
“We find no credible evidence of ‘values’ and ‘integrity’ in RCom’s financial statements or those of its former parent, RIL.”

RCom’s response
“A malicious and motivated report containing baseless allegations, masquerading as research.”

Monga’s Indian critics may well blame his father for preventing the son from taking on a career as the local cable guy, possibly in West Delhi’s Vikaspuri. His sister Parul, who works in Toronto as a trader with the Western Ontario Financing Authority, recalls that in the early ’90s, just as the Indian economy was being liberalised, Neeraj, still pursuing his BA at Delhi University’s Rajdhani College, launched a cable business. Running cables from their home vcr, he piped Bollywood films and music, children’s programmes and Pakistani serials into the residences of neighbours in that cluster of Delhi Development Authority flats. Within two years, the enterprise had gone from an initial 10 subscribers to over 500. “He was the very first guy to start the process. He had the vision, but Dad wanted him to focus on education so he sold the business,” she says.
 

 

“There are a lot of companies in India which are overvalued because people don’t really understand the numbers.”
 

 
 
Monga went on to secure an MBA from the University of Indore, worked briefly in India, before taking a loan from Dena Bank for an MBA at the Richard Ivey School of Business at the University of Western Ontario. Robert Fisher, who taught Monga here, remembers a student who was able to “analyse complex situations quickly”. Fisher, who now teaches at the University of Alberta’s business school, hired Monga for summer employment. That, though, wasn’t the sort of blue-chip internship his students coveted. Fisher says Monga did “incredibly well” to “overcome that barrier” and snagged “the best offer relative to any other student of his MBA class”. That was at Bain & Company, the same firm where Mitt Romney, now the frontrunner to become the Republican Party’s presidential nominee in the US, also worked before forming Bain Capital.
 Monga lasted about a year there. Fortunately for him, Michael Palmer, a veteran of Bay Street—Toronto’s equivalent of Wall Street—was planning to set up Veritas, which would concentrate on forensic accounting. Palmer, now president at Veritas, says, “The concept was started in 1999 at the peak of the dotcom bubble. We thought there was a lot of dishonest accounting going on out there.” Veritas came into being in 2000 and Neeraj Monga was its first employee. The research wing now has 17 staffers.
‘A Pie In The Sky’: Sep ’11

What Veritas said
“We believe that kair’s book equity has been wiped out although audited financials pretend otherwise.”

Kingfisher’s response
"Very surprisingly, we never got a copy...but they widely disseminated their report to the media which leads me to be suspicious."

The research into Indian equities was Neeraj Monga’s initiative. While Palmer supported the idea, several of Veritas’s partners were sceptical and a degree of persuasion was required before the project was green-lighted. Palmer believes this new venture for Veritas is a need: “I think the Indian markets are at about the same stage as the North American or world markets were when we started Veritas in the first place. There are a lot of companies in India which are overvalued because people don’t really understand the numbers.”
The kernel for the debut analysis, on Reliance, came much earlier. Monga, who had followed the telecom sector, was viewing a presentation on the spinout of Reliance Communications from Reliance Industries: one slide stuck out as anomalous, but he presumed someone in India would comment on that. But there was not a peep for five years. “Ultimately, when I said we can write about India, we went back to dig deeper into that presentation,” he says. The question was how the Ambani family shareholding had gone from 38 to 63 per cent in the change of Reliance Communications ownership, which as Monga saw it, defied logic.

The next report featured another “easy choice”. As Monga says, “Airlines are generally not good business. We just said we’ll look at the annual report of Kingfisher. As soon as we opened the first annual report, we knew something was not right. So we read five years’ worth of annual reports and we figured out this is an effectively insolvent organisation.” In fact, Monga argues that Kingfisher should be delisted from the BSE for flouting Indian accounting standards. For the most recent report, again the real estate sector was another easy choice with DLF the 800-pound gorilla therein. “Anybody who has any experience of India knows the Indian real estate market is rife with underhand dealings,” Monga explains.

Now obviously there’s been a blowback against Veritas’s analysis. A spokesperson for Reliance Communications described it as a “malicious and motivated report containing baseless allegations, masquerading as research”. Lawsuits have been threatened—though not served. Monga isn’t perturbed, though his wife Dimple is, somewhat. The couple is raising two young children, five-year-old Sanjana and one-year-old Arjun, at their house in midtown Toronto. As Dimple Monga says, “Sometimes I’m a little apprehensive that there might be a negative response. I feel these companies can take it very personally.” But she remains supportive of her husband’s crusade to reform accounting practices in India.
‘A Crumbling Edifice’: Mar ’12

What Veritas said
“Claims made by management about its ability to execute were fanciful.”

DLF’s response
“...is presumptive and mischievous as the analysts have never contacted the company to seek any information or clarification.”

Monga, though, is frank that this is not “social service”, as some in India may deem it to be. That’s a reality Palmer underscores: “We’re not doing it out of the goodness of our hearts, we think it’s a legitimate business opportunity and a product which is really needed in India right now.” Veritas’s clients pay a steep rate for access to the firm’s reports, starting at $50,000 in the first year and climbing. The firm certainly wants to broaden its base of clients to India, where it still doesn’t have a footprint, other than working with a consultant.

While its research is sold to institutional investors, some based in Singapore and Hong Kong, Veritas wants organisations like lic and Employee Provident Fund of India to subscribe. “They’re obviously the stewards of the savings of India’s small investors. They have a fiduciary duty to look out for their clients and if we can add value to the investment diligence process, then ignoring us is not in their interest.... It seems to me those managements are sleeping at the wheel,” observes Monga.

Nor is Monga daunted by rumours of the Indian market regulator, SEBI, imposing new regulations on independent equity research. Since Veritas doesn’t yet sell its research in India, it doesn’t need to be registered with SEBI. It is, however, registered with the Ontario Securities Commission and has a chief compliance officer. Still, he believes any such SEBI measure is a “good thing”. He also shrugs off accusations of being part of a bear cartel, retorting that those who are bullish aren’t taken to be “part of the bullshit cartel”. Coincidentally, his office, just off Bay Street, is also next to a bucolic sculpture of placid urban cows, called The Pasture, a counterpoint to the Raging Bull that defines New York’s Wall Street.
 

 

Monga shrugs off bear cartel accusations, retorting that those bullish aren’t seen as “part of the bullshit cartel”.
 

 
 
Clearly, Monga has figured out that Veritas’s research may just be pointing to a large, systemic disorder in India. That dire warning is delivered in Monga’s typically outspoken style: “After our telecom report, everyone said, ‘But the entire sector is in trouble.’ Then, after the Kingfisher report people said, ‘Ahh, but the airline sector is in difficulty, why single out a specific airline?’ After our DLF report, I am reading stories that the entire real estate sector is in a downtrend, and therefore DLF is no different. The power sector is also in trouble. Then how come ‘India is a dynamic and growing economy’?” He’s also clear about the “change” Veritas is targeting. “In India, dealings with ‘related parties’ are the norm, and most ‘related party’ dealings are a means to siphon funds from the publicly traded entity for the benefit of majority owners. We will highlight this.”
Unlike those of his ilk, Monga maintains a work-life balance, usually returning home by 6.30 pm. Cooking or watching Bollywood films are favourite forms of relaxation. The prospect of a slew of reports flowing from Veritas this year may just keep India’s corporate behemoths from relaxing though, unused as they are to any sort of intense scrutiny.

Saturday 17 December 2011

Why pretend we know everything? It's time to embrace uncertainty


It is certainty that we need to worry about, as extreme ideologies prosper in these uncertain times
David Cameron at the EU summit
Who knows if David Cameron's refusal to sign the EU treaty is a good thing or not. Photograph: Yves Herman/Reuters

I don't know what I am talking about. And, quite frankly, you should be relieved that I know that I don't know. The world is full of people proclaiming about stuff they don't know much about. My trade depends on it. Pundits, politicians and economists, too, all depend on some kind of bladder-busting meta-analysis to keep us quiet. In fact, they are just winging it.

Too many nights I have watched economists on television being treated with undeserved reverence. "Economics is largely a made-up pseudo-science!" I want to scream. After all, it has been almost entirely useless in predicting the mess we are in. Indeed, by coming up with grotesque calculations whereby rich people's investments were effectively risk-free and financed by the jobs and homes of the poor, many economists were cheerleaders pre-crisis.

This is not another anti-bank rant. It is now self-evident that banks did some bad stuff, but the diplomatic immunity they were granted was not merely political. Anyone who makes out that they know what they are doing and can turn a fast buck and believes, yes really believes, in something – anything, themselves even – is facilitated by society. And, yes, this is usually backed up by a narrative of questionable facts.

What is valued is certainty. What is devalued in such a world is uncertainty. Those who aren't sure are weak. Poor. Faithless. Uncertainty is often worrying and feminised. Real men know real things. So they have been lining up to tell us that David Cameron's refusal to sign the EU treaty is the best thing ever to have happened, or the worst thing ever to have happened, when, actually, no one is quite sure. Reconciling a belief in the democratic process with the recognition that the euro is still in big trouble and Greece may well go anyway, means it is impossible to line up clearly in the Eurosceptic versus Europhile shadow boxing. It is up in the air.
As this year has been a news tsunami, it would be far more interesting to acknowledge what we did not know rather than what we did. Most experts did not predict the riots, the Arab spring, the extent of the economic meltdown. I recall meeting a learned professor in Tel Aviv three years ago who explained that Iran not Egypt was now the centre of the Arab world and everything would start there. Like many others, I thought recession would produce some kind of resistance but had no idea how that would manifest itself. As for the financial crisis, our lack of foresight is mind-boggling.

But in public, and especially in politics, an admission of uncertainty is seen as problematic. At a dinner I attended a few years ago, a young politician was asked a question to which he had no answer. He said: "I don't know about that; I will go away and find out." It was Ed Miliband as it happens, and I was impressed. But the guys I was with crowed: "We got him there!" This relentless reduction of politics to point-scoring, this public-school obsession with certainty, is a turn-off. Look where it leads. Not so long ago, George W Bush said that if America "shows uncertainty and weakness in this decade, the world will drift towards tragedy. This will not happen on my watch." Apart from war, this "certainty" helped to produce the debt crisis.

It is certainty that we need to worry about, as extreme ideologies prosper in these uncertain times. Yet there have always been ways of thinking that properly refute certainty. The school of "weak thought" coming out of Italy via Gianni Vattimo follows a clear line from Nietzsche onwards that pushes against finality, and urges us to understand historical circumstance. "There are no facts, only interpretations and this too is an interpretation," Vattimo has said.

The work of Nassim Taleb also confronts us with the idea that the economic models used by the banks were based on the idea of stability. The ecology of the banking system could not predict risk properly at all (although Taleb did, actually). Then we have a genius such as Zygmunt Bauman, who has long been telling us that we live in "liquid modernity", that individuals can no longer plan careers and progress in linear, certain ways. Yes, it is like the weather: changeable.

Of course those who most understand the value of uncertainty are scientists themselves. As the delightful Jon Butterworth wrote this week, science has nothing to fear from uncertainty. The sexy little Higgs Boson particle, which may have flashed up in the data in Cern (I imagine it as a burlesque sort of particle) has meant we have listened to physicists telling us very excitedly about how much we just don't know.

This has been wonderful. The opposite of political discourse: to hear clever people talking about the limits of their own knowledge. How weighed down is public life with its emphasis on certainty. How dumbed down is belief. The big divides are not between different beliefs, but the differing degree of certitude in which those beliefs are held.

No one knows. No one has the answers. Uncertainty is where we are. It is to be embraced. Christopher Hitchens, when asked which word he had most overused, said he was shocked to find on rereading his work that it was "perhaps".

I love that. Perhaps, right now, is the best word. I'm sure of that. Perhaps.

Monday 7 November 2011

Advice to cricketers: get a life

Having a pastime outside the game - say, writing a diary - can set you free from the tyranny of results and often make you a better player
Ed Smith
November 7, 2011

I'd like to tell you a story about two cricketers preparing for a new season. It's a true story, but it's also a parable about success and failure. 

The first player gives up almost everything outside cricket. There will be no distractions, he has told himself. He has decided that this will be his breakthrough season; everything else must be relegated to the status of an irrelevant distraction. Cricket is not just the main thing, it is the only thing. He becomes fitter than ever, he spends all his days in the nets and studying televised cricket matches; he even obsesses about the bowlers he will face in the first match, weeks before the game arrives. His quest is to become a machine-like player. He is so eager to learn that he soaks up every piece of advice he can find. Everyone praises his "professionalism".

The second player approaches the season in a more shambolic, human state. He moves house just before the season begins, and spends the first night in his new home without even a lightbulb to help him find his toothbrush. He breaks up with his girlfriend and finds for the first time that he is relying on the warmth of the team life, with its mischief and mickey-taking. Previously he has always been very self-contained; strangely, he is happy to find himself less so. Off the field, he is busy and engaged, having agreed to write a book. The arrival of the season - what season? - comes almost as a surprise, before he is quite in control of his life. He finds that uncertainty - am I ready or not? - energising rather than depressing. Above all, he knows that a life fully lived will make for a good book. He desperately wants to succeed, but he knows that even failure will have its uses.

The first player scores 415 first-class runs at an average of 23. The second player scores 1534 runs at 53. That doesn't prove anything, I hear you say. But what if I told you that they were the same player? It was me - first in 2000, when I dropped off the map as a promising player, then in 2003, when I scored seven hundreds in nine innings and played for England. I learnt my lesson the hard way. I had to feel alive to play cricket properly. I needed a life outside the game to play at my best. The player derives from the man; the man does not emerge from the player.

I am not the only cricketer to have had a purple patch while engaging with life beyond the boundary. Steve Waugh told me that writing a diary coincided with his best seasons. Peter Roebuck produced his best season (1702 runs with seven hundreds) in the year he wrote It Never Rains. Mark Wagh was one of only five Englishmen to score 1000 runs in the first division in 2008, while he was writing Pavilion to Crease… and Back.

And now, best of all, the Tasmania and Australia A opening batsman Ed Cowan has produced a happy ending to top the lot. He kept a diary of his 2010-11 season for Tasmania, now published as In the Firing Line. I'm not spoiling the ending (the scorecard is just a click away on ESPNcricinfo) when I let on that the last page of the book describes Tasmania winning the Shield final. Man of the Match? EJM Cowan, with 133. Both Cowan and his publishers would have settled for that narrative arc when they agreed the deal.
It's also a very good book - honest, analytical, perceptive and brave. You get to know the author and you come to like him. He is not falsely modest, but he looks for the good in others. In years to come, when he reopens his own book, he may find he was a little too generous - but that is all part of the book's warmth and spirit.
 


 
What is it about writing a diary that helps cricketers play at their best? You might expect it to lead to over-analysis and too much self-absorption. Paradoxically, writing a diary has the opposite effect: it seems to set cricketers free. Instead of a burden, writing becomes an exorcism
 





He embraces the tensions that every reflective sportsman must face - between growing up and staying immature, between self-obsession and team-spiritedness, between honesty and denial, between clear-eyed analysis and the wilful illusion of mastery and control.

I couldn't resist a smile of recognition at one inconsistency. Cowan describes his admiration for Nassim Taleb's books on randomness and the power of forces outside our control. Then he goes out to bat in his lucky socks, having had a lucky haircut, eaten at his lucky Italian restaurant, drunk lucky coffee made for him by his wife (did he choose the wife on the grounds that she was lucky, one wonders!). Analytically Cowan understands randomness. In practice, he clings to superstition. Madness? Maybe. Perhaps we all need to be a little bit crazy, especially if you are an opening batsman.

What is it about writing a diary that helps cricketers play at their best? You might expect it to lead to over-analysis and too much self-absorption. Paradoxically, writing a diary has the opposite effect: it seems to set cricketers free. Instead of a burden, writing becomes an exorcism.

There is an even broader point. Every sportsman lives on the knife-edge of outcomes. He either wins or loses, on a daily basis. For the writer, it is very different. All experience, however uncomfortable, contributes to the well of his material. A writer is necessarily an alchemist, and no metal is too dull for him to turn into gold.

Here's a radical thought. Perhaps every sportsman should try to find the pastime that releases him from the tyranny of results. Writing will only work for very few. But almost every athlete, I suspect, would benefit from a complementary challenge of some kind. Michael Bevan told me that once you are a seasoned cricketer, poor form is almost never caused by technical failings. Instead, the root cause is always emotional. So you've got to sort out how you are feeling before the backswing can be corrected.

Professionalism, when it is properly understood, is having the discipline to attend to your whole personality as well as your game. They are, after all, inextricably intertwined - as Ed Cowan has shown us once again.

Former England, Kent and Middlesex batsman Ed Smith is a writer with the Times.

Tuesday 28 June 2011

Dravid and the art of defence


India's No. 3 is a living testament to the belief that you need application and will more than talent to succeed in sport
Sanjay Manjrekar
June 28, 2011
 

Rahul Dravid pulls on his way to 62, ACT XI v Indians, 1st day, Canberra, January 10, 2008
For a defensive batsman, Rahul Dravid is extraordinarily skilled at pulling the short ball © Getty Images
The pitch at Sabina Park was challenging and the Test match was in the balance, but Rahul Dravid would agree that a more experienced bowling attack would have tested him more. Dravid's 151 Tests against the 69 of the West Indian bowlers combined was always going to be a mismatch. But while this was not one of his best hundreds by any stretch of the imagination, it was an important one nevertheless, given the stage his career is at. And it allows us dwell a bit on the Dravid success story as he completes 15 years in international cricket.
To start with, success does not come as easily to Dravid as it seems to do to others: you get the feeling that he has had to work at it a little more.
I believe Dravid can be a more realistic batting role model for young Indian batsmen than a Tendulkar, Sehwag or VVS Laxman, for Dravid is the least gifted on that list. While Tendulkar is a prodigious, rare talent, Dravid's basic talent can be found in many, but what he has made of it is the rare, almost unbelievable, Dravid story. That you don't need to have great talent to become a sportsman is reinforced by Dravid's achievements over the last 15 years. And that he is now an all-time Indian batting great highlights his speciality: his ability to over-achieve. Indeed, he would have probably have performed beyond his talent in any profession of his choosing. Indian cricket is fortunate that he chose it.
For a batsman of his nature and skills, that he ended up playing 339 one-day internationals, and still contributes to his IPL team in Twenty20, shows his strength of mind. It is a mindset that sets almost unreasonably high goals for his talents to achieve and then wills the body on to achieve them.
Dravid is a defensive batsman who has made it in a cricket world that fashions and breeds attacking batsmen. If he had played in the '70s and '80s, life would have been easier for him. Those were times when a leave got nods of approval and admiration from the spectators.
Dravid has played the bulk of his cricket in an era when defensive batting is considered almost a handicap. This is why it is rare to see a defensive batsman come through the modern system. Young batsmen with a defensive batting mindset choose to turn themselves into attacking players, for becoming a defensive player in modern cricket is not considered a smart choice.
Not to say that Dravid has been all defensive, though. He has one shot that is uncommon in a defensive Indian batsman: the pull. It is a superb instinctive stroke against fast bowling, and it is a stroke Dravid has had from the outset; a shot that has bailed him out of many tight situations in Tests.
When I saw him at the start of his career, I must confess Dravid's attitude concerned me. As young cricketers, we were often reminded to not think too much - and also sometimes reprimanded by our coaches and senior team-mates for doing so. Being a thinker in cricket, it is argued, makes you complicate a game that is played best when it is kept simple. I thought Dravid was doing precisely that: thinking too much about his game, his flaws and so on. I once saw him shadow-playing a false shot that had got him out. No problem with that, everyone does it. Just that Dravid was rehearsing the shot at a dinner table in a restaurant! This trait in him made me wonder whether this man, who we all knew by then was going to be the next No. 3 for India, was going to over-think the game and throw it all away. He reminded me a bit of myself.



He has not committed the folly of being embarrassed about grinding when everyone around him is attacking and bringing the crowd to their feet. Once he is past 50, he resists the temptation to do anything different to quickly get to the next stage of the innings




Somewhere down the line, much to everyone's relief, I think Dravid managed to strike the right balance. He seemed to tone down the focus on his mistakes, and the obsession over his game and his technique, and started obsessing over success instead. Judging from all the success he has had over the years, I would like to think that Dravid, after his initial years, may have lightened up on his game. Perhaps he looks a lot more studious and intense on television to us than he actually is out there.
Dravid has to be the most well-read Indian cricketer I have come across, and it's not just books about cricket or sports he reads. I was surprised to discover that he had read Freedom at Midnight, about the partition of India, when he was 24. Trust me, this is very rare for a cricketer at that age. You won't find a more informed current cricketer than him - one who is well aware of how the world outside cricket operates.
Most of us cricketers develop some understanding of the world only well after we have quit the game. Until then, though experts of the game, we remain naïve about lots of things. I think this awareness of the outside world has helped Dravid put his pursuit of excellence in the game of his choice in perspective. At some point in his career he may have come to accept that cricket is just a sport and not a matter of life and death - even if he seemed prepared to work at it like it was.
Life isn't that easy, as I have said, for a defensive batsman in this age, when saving runs rather than taking wickets is the general approach of teams. A defensive batsman's forte is his ability to defend the good balls and hit the loose ones for four. But with bowlers these days often looking to curb batsmen with very defensive fields, batting becomes a bit of a struggle for players like Dravid.
It is a struggle he is content with, though. He has not committed the folly of being embarrassed about grinding when everyone around him is attacking and bringing the crowd to their feet. He is quite happy batting on 20 when his partner has raced to 60 in the same time. Once he is past 50, he seems to get into this "mental freeze" state, where it does not matter to him if he is stuck on 80 or 90 for an hour; he resists the temptation to do anything different to quickly get to the next stage of the innings. It is a temptation that many defensive batsmen succumb to after hours at the crease, when the patience starts to wear, and there is the temptation to hit over the infield, for example, to get a hundred. Dravid knows this is something that Sehwag can get away with, not him.
He has resisted that impulse and has developed the mind (the mind, again) to enjoy the simple task of meeting ball with bat, even if it does not result in runs, and he does this even when close to a Test hundred. The hundred does come eventually, and after it does, the same discipline continues - in that innings and the next one. A discipline that has now got him 12,215 runs in Test cricket.

Sunday 26 June 2011

Talent. Graft. Bottle?

Musa Okwonga:  The annual Wimbledon conundrum

The Independent
It's nerve; it's grit; it's the key ingredient that makes a true champion. As Andy Murray aims to break his Grand Slam duck, our writer gets to the root of what every winner needs
Sunday, 26 June 2011
Bottle. It's an odd word to describe the spirit that all athletes need when faced with unprecedented pressure, but it somehow seems to have stuck. There are several conflicting and convoluted suggestions as to its origin: the most recurrent is that "bottle" is derived from Cockney rhyming slang, "bottle and glass". If you've got plenty of "bottle and glass", so the slang goes, then that means that you've got plenty of "arse" when you're confronted with a career-defining test.
Bottle isn't like muscle: it's not visible to the naked eye. At first glance, most of the world's leading sportsmen and sportswomen look routinely impressive: fit, focused, intimidatingly intense. It's only when they're stepping towards that penalty spot or standing at that free-throw line that we get to peer beneath the veneer – to glance at the self-doubt that threatens to engulf them. And engulf them it does, time and again. Just look at Jana Novotna in the 1993 Wimbledon singles final, when she had a game point to go up 5-1 in the final set against Steffi Graf. Until that moment, we didn't know that Novotna would fold; maybe she didn't know, either. But a few games later, she was sobbing on the shoulder of the Duchess of Kent as Graf took the title.
We don't have to look beyond our shores to find ample examples of those who've bottled it. In football, there's the familiar litany of losses to Germany; to name but one, the 1990 World Cup, where England's Stuart Pearce hit his spot-kick into the goalkeeper's midriff and Chris Waddle sliced his high over the crossbar. More recently, in golf, and the sight of Rory McIlroy's surrender at Augusta in the 2011 Masters was especially spectacular. Leading by four shots heading into the final round, holding a one-shot advantage as he moved into the back nine, he then dropped six shots in three holes, finishing 10 shots behind the leader Charl Schwartzel and recording an eight-over-par score of 80.
However, McIlroy's reaction to his meltdown said much about his character, and about the nature of bottle. "Well that wasn't the plan!" he tweeted. "But you have to lose before you can win. This day will make me stronger in the end." Once he had experienced terror, and rapidly understood that the only factor holding him back was his own trepidation; he had laid the foundation for his eventual success. It's no coincidence that in his next major tournament, the 2011 US Open, he triumphed by eight shots.
McIlroy's astonishing response to his collapse shows that we can be unnecessarily harsh when we dismiss an athlete as a "bottler", as someone who'll never hold it together when it counts. For his entire cricket career, the England batsman Graeme Hick was accused of being a "flat-track bully", someone who was proficient against domestic teams but who lacked courage at international level. Hick's batting average in all matches, including a highest score of 405 not out, was 52.23, as against a Test average of 31.32. The history books therefore record a verdict of frailty at the highest level. A more striking case still is Mark Ramprakash, regarded as one of the finest technicians ever to have played the game, but whose performances for England fell far short of those for his counties of Surrey and Middlesex. To date, Ramprakash has over 100 first-class centuries, one of only 25 men to achieve that feat: his batting average in first-class matches stands at 54.59, while his Test career ended with an average of 27.32.
The statistics suggest that, in the cases of Hick and Ramprakash, their bottle was irreparably broken. Both can rightly point to the promise that they showed at Test level, having excelled on foreign soil: Hick can refer to his innings of 178 against India's spinners in Bombay, and Ramprakash can hold up his 154 against West Indian quicks in Barbados. But ultimately, the words of Mike Atherton, written in 2008 in The Times about Ramprakash, ring true for both of them. "Sport is neither just nor unjust," he opined; "it simply reflects time and again an absolute truth. Ramprakash was tried and tested many times in international cricket and more often than not he was found wanting."
Sian Beilock, an associate professor of psychology at the University of Chicago, in Choke: The Secret to Performing under Pressure says: "The more people practise under pressure, the less likely they will be to react negatively when the stress is on. This certainly seems to be true for professional golfers like Tiger Woods. To help Woods learn to block out distractions during critical times on the course, his father, Earl Woods, would drop golf bags, roll balls across Tiger's line of sight, and jingle change in his pocket. Getting Woods used to performing under stress helped him learn to focus and excel on the green."
This excellent practice served Woods well on his way to 14 major championships. But, as Beilock notes, there is no amount of rehearsal that can prepare you for pressure of unforeseen magnitude, such as Woods experienced after multiple revelations about his troubled private life.
If we know that bottle is so hard to have, then why are we so hard on those who don't have it? It's not as if we teach bottle in UK schools. You won't find classes in self-confidence in our curriculum or, as pop star Cher Lloyd has more recently dubbed it, "Swagger Jagger". No, we're too busy teaching humility to our athletes. As a nation, we are superb silver medallists. We smile politely on the podium and shake the winner's hand, when we should be snarling and tearing it off. And while bottle is not the same as arrogance, the two are closely related, both relying on a dogged belief in one's own ability, often in the face of reason.
Most British athletes who are regarded as bottlers are nothing of the sort. Instead, they are people who have risen far above their sporting station, who have gone beyond all reasonable expectation of their talent. Take Tim Henman, who went to six Grand Slam semi-finals, and who was at times a firm test for the all-time greatness of Pete Sampras. Take Andy Murray, who has finished as the runner-up in three Grand Slam finals, and who has the misfortune to be playing in the same era as the all-time greatness of Roger Federer and Rafael Nadal. Neither of these men are failures. They're very, very, very good at tennis, and their only crime is to have fallen short of the milestone of sporting immortality.
If you're a world-class athlete, it's best not to care too much what the public thinks. If you're too dominant, the public can't relate to you and find you boring. If you come second too often, it despairs of you. Your victories must be conspicuously hard-won. There must be graft alongside the grace, bottle alongside the brilliance. We want you to sweat every bit as much as you Swagger Jagger.
If you can master all of that, then we'll truly take you to our hearts. And it can't look too pretty. Tiger Woods's most memorable major victory was not winning the 1997 Masters aged only 21, but the 2008 US Open, with only one good leg. Dame Kelly Holmes is loved not so much because she was a double Olympic gold medallist at 800m and 1500m, but because we saw her strive for years, and, in those final races, for every last inch of her success.
When athletes crumple to defeat in such public spheres, they may lose titles, but they win our affection. That's why, when Rory McIlroy stepped off the 18th green at Congressional, he was not just the 2011 US Open Champion. He was something vastly more: he was our champion.
Musa Okwonga is author of 'A Cultured Left Foot' and 'Will You Manage?'