3 Lessons From the Too-Short Life of Kobe Bryant 

3 Lessons From the Too-Short Life of Kobe Bryant 

3 min read
Paul Moore

Paul Moore is the managing partner of Wellings Capital, a private equity real estate firm.

Experience

After college, Paul entered the management development track at Ford Motor Company in Detroit. After five years, he departed to start a staffing company with a partner. They scaled and sold the company to a publicly traded firm five years later.

After reaching financial independence at the age of 33 and a brief “retirement,” Paul began investing in real estate in 2000 to protect and grow his own wealth. He completed over 85 real estate investments and exits, appeared on HGTV’s House Hunters, rehabbed and managed dozens of rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms.

Three successful commercial developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project in 2010, convinced him of the power of commercial real estate.

Press

Paul was a finalist for Ernst & Young’s Michigan Entrepreneur of the Year two years straight (1996 & 1997). Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016) and has a forthcoming book on self-storage investing. Paul also co-hosts a wealth-building podcast called How to Lose Money and he’s been a featured guest on 150+ podcasts, including episode #285 of the BiggerPockets Podcast.

Education

Paul earned a B.S. in Petroleum Engineering from Marietta College (Magna Cum Laude 1986) and an M.B.A. from The Ohio State University (Magna Cum Laude 1988). Paul is a licensed real estate broker in the state of Virginia.

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Email [email protected]
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Twitter @PaulMooreInvest
How to Lose Money podcast

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America is still mourning the death of legendary NBA player Kobe Bryant, who died Jan. 26 in a tragic helicopter crash along with his 13-year-old daughter, Gianna, and seven others.

Kobe and Gianna were laid to rest Feb. 7 in a private funeral in Corona del Mar, Calif., according to news reports. A public memorial took place Feb. 24 at the Staples Center—where for nearly 20 years, Kobe played for the Los Angeles Lakers, delighting fans and etching his name on the list of basketball’s greatest names.

As we honor Kobe’s memory, I’m reminded he was much more than an athlete: He was a husband and father, a creative artist, a philanthropist, and even a capitalist. He lived a remarkable, although not perfect, life full of lessons on how to persevere, succeed, and overcome hardships and mistakes.

Following are three lessons from Kobe’s life we can reflect on.

Loyalty

This is a character trait that has largely been lost in the past generation or two—not just by athletes but by Americans as a whole.

scoring during a basketball game - ball in hoop

Kobe stayed with the Lakers his entire career, which spanned two decades. He certainly could have been lured away by the glitter of a championship ring or a few million more dollars from another team. And I’m sure this tempted him. But he resisted that urge for the sake of his teammates, his coach, and his reputation.

We would all do well to consider where our loyalties lie. Have we made promises to an employer? Employees? A spouse? Parents? Children?

Related: If You Fail Because You Dodge Accountability, Here’s a Surefire Solution

Numerous skills can be attained by training. Many subjects can be learned by education. But loyalty is an inner character trait, a barometer that puts our other values to the test.

Loyalty often looks like putting the interests of others before your own. Bryant showed loyalty to the game of basketball and his friends in his very last public statement. The day before his death, his on-court rival, LeBron James, surpassed him in the scoring record books.

Kobe’s response? “Continuing to move the game forward… Much respect my brother,” he tweeted at James.

We never know when a conversation or a comment will be our last. Kobe Bryant finished well in this regard. And this is one way he will be remembered.

How do you want to be remembered?

Work Ethic

Kobe was famous within the NBA community for his unearthly focus and work ethic. Even in high school, it’s said he arrived to start practicing at 5 a.m. and left at 7 p.m. After a hard session, he would recruit players to stay behind to play to 100. Even as a pro, he kept players after practice to try out new moves.

Downtown Los Angeles skyscrapers at sunset

Bryant kept a running tally of all his points in practice and wouldn’t stop until he hit 400. He was even known for grueling workouts on game days.

According to ESPN’s Rick Reilly: “Among a dozen other drills, Bryant does suicide push-ups. At the top of the push-up, he launches himself off the mat so hard that both his feet come off the ground and his hands slap his pecs. He does three sets of seven of these.”

Bryant retired as a result of three painful injuries. Through his pain, he scored 60 points in his last game on April 13, 2016. We all could learn something from Kobe’s work ethic.

For example, as an entrepreneur and investor, my biggest mistake over the years was chasing shiny objects. But as the ancient Chinese proverb says, “He who chases two rabbits catches neither.”

Saying yes to the one thing you want to be remembered for means saying no to a thousand others. The question is, are we willing to pay the price to get it?

Playing the Long Game

It’s common knowledge that many well-paid professional athletes and celebrities wind up broke and bankrupt. Not Bryant. As a savvy capitalist, he co-founded Bryant Stibel, a venture capital fund that invests in tech, media, and data startups.

One of his investments, a $6 million share in a soft drink, turned into $200 million when it was acquired by Coca-Cola a few years ago.

Related: Inspirational Success Stories Are Great—Unless They Lead to Goals You Never Wanted

Bryant didn’t “luck into” these types of investments. Though he could have kicked back to enjoy retirement, he worked as hard off the court as he did on it. He understood the long game.

His stated goal was to create something in the investment realm that would be built on and remembered for generations.

This final lesson is relevant to approximately 40 million Americans who are looking to retire within the next decade or so. Currently, six in 10 people who hit retirement age have less than $10,000 saved. You don’t have to be a basketball legend to be prepared for retirement, but you can be ready for it by focusing—like Kobe did—on the long game.

Kobe Bryant left us a legacy of loyalty, hard work, and focus and an investment strategy we can all learn from. As we mourn his passing, let’s ask ourselves what we can learn from the many triumphs throughout his too-short life.

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Did Kobe impact your life? How so?

Let’s talk below.

As we honor Kobe Bryant's memory, I’m reminded he was much more than an athlete. He was a husband and father, a creative artist, a philanthropist, and even a capitalist. He lived a remarkable, although not perfect, life full of lessons on how to persevere, succeed, and overcome hardships and mistakes.