Book Review – The Gold Mine Effect



I just finished reading the Gold Mine Effect by Rasmus Ankersen in which Ankersen travels to athletic hotbeds to uncover the secrets of high performance.

What Ankersen found after travelling and training with athletes ranging from runners in Kenya to sprinters in Jamaica was in his words “the ingredients needed to create a (talent) goldmine, and shows how anyone can use this information to create their own gold mine of world-class performance.”

His ingredients are broken down into 8 Gold Mine Concepts.

1. The Secret is not a Secret

  • The main point here is that Gold Mines must be created, not discovered.
  • True talent is using what you have to it’s fullest potential, so make the most of what you have.

2. What you see is not what you get

  • The world is full of overlooked talent, so be creative about how and where you look for it.
  • Recognize that great potential does not always manifest itself in great performance.
  • Hire for attitude.

3. Start Early or Die Soon

  • A provocative chapter title to re-hash the 10,000 hours of practice theory.

4. We’re All Quitters

  • Need to be able to believe it to achieve it
  • Over analyzing things with too much data can limit potential.  Sometimes a little blind faith can be a good thing.

5. Success is About Mindset, Not Facilities

  • Need to keep your talent hungry to keep them performing at their best.

6. The Godfathers

  • The importance of the leaders (Godfathers) in each of these athletic Gold Mines

7. Not Pushing Your Kids is Irresponsible

  • Parents are often a best predictor of a child’s success
  • recognize the difference between good and bad pressure

8. Who Wants it Most

  • Motivation is key
  • Don’t Wait for Passion, put in the work and the passion will come
  • Motivation needs to be renewed and reignited

Let me say first that I really enjoyed the book and recommend it as a quick and enjoyable read.  That being said, there is really nothing noteworthy presented in this book that will drastically change the way you identify and develop top talent.  The Gold Mine Effect – like a ton of other books like it – is heavy on platitudes and light on any meaningful activities that you can implement today.

I wholeheartedly agree with the author and believe that there is much we can learn from sport that we can apply to the business world.  However, too much of that connection is left for the reader to do.

Until next time…

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