If you’re over 50 and lived in or around the Boston area during the 70s then you know the moment. 45 year’s ago, Mother’s Day 1970, Bobby Orr took the pass from Sanderson, scored to clinch the Stanley Cup, and “The Flying Bobby” was born.
That was the defining moment in Boston sports for Boston Globe sports-writer Kevin Paul Dupont. In describing his most important moment in Boston sports he talks about winning and losing. It made me think about making and losing money.
I lost money at a very early age and it hurt.
The summer between my Junior and Senior years at Babson I had an internship at a start-up company. I believed in the product and when my internship was over bought shares in a private-placement. It was a lot of money at that stage in my life. It IPOed and my shares were suddenly worth good money. Then the tech bust came and the rest is history.
I’ll never forget what losing that money felt like.
In writing about Bobby Orr, Dupont reminds us of what it’s like to lose. “Loss lingers, gnaws, regurgitates its pain.”
“Triumph settles quietly, confidently, in trophy cases and statues,” notes Dupont, “Loss exacts a toll. Winning pays dividends.”
I am reminded every single day that winning really does pay dividends.