5 min read
The Golden State Warriors have won three out of the last four NBA Finals.
As of today (Dec. 26th, 2018), they have the second best record in their conference and are on track to make another NBA finals run this year.
Most of their star players including Steph Curry, Kevin Durant, Klay Thompson, and Draymond Green are all 30 years or younger, which puts the team in a great position to continue to dominate for years to come.
By most measures, the Warriors have created a basketball dynasty.
However, most people don’t recall the many years leading up to this dynasty, during a time when the Warriors consistently sat at the bottom of the league standings and had a bleak future.
The Early Years
Let’s rewind the clock to the 2008-2009 NBA season when Steph Curry joined the team as a rookie at age 21.
In his first season, Curry averaged 17.5 points per game, 5.9 assists per game, and the Warriors finished the season with 26 wins and 56 losses, the fifth worst record in the league.
The next year, Curry averaged 18.6 points per game, 5.8 assists per game, and the Warriors finished with 36 wins and 46 losses.
The following year, Curry struggled with injuries and averaged just 14.7 points per game, 5.3 assists per game, and the Warriors finished with just 23 wins and 43 losses in a shortened season due to the NBA lockout.
So, during Curry’s first three years in the league he never averaged more than 20 points per game and the Warriors failed to record a winning season.
At this point, Curry was knee-deep in the trough of sorrow.
The Trough of Sorrow
The “trough of sorrow” is a term that Paul Graham, co-founder of Y Combinator, came up with to describe that point in the journey just after you have launched a new business and are not experiencing the immediate success you thought you would:
This is common. When you first launch something new, you experience a rush of excitement and you have a grand vision for the future.
Shortly after the launch, though, the excitement dies down and the real work begins. You show up each day, work on your project, and put in the hours. Over the course of those first few weeks and months you experience some ups and downs, but mostly you make little visible progress.
This is the trough of sorrow. It’s the point where you question whether or not your project is just a dumb idea that you should stop pursuing.
In Atomic Habits, James Clear describes this as The Valley of Disappointment:
It’s the beginning part of your journey where you expect to make noticeable progress, but rarely do.
The Valley of Disappointment shows up in almost every area of life, whether it’s building your net worth, starting a blog, creating a business, or anything else.
The Financial Trough of Sorrow
When you first start out on your financial journey as a 20-something, it’s tough to make immediate progress because most of your initial net worth growth comes from your savings, not your investment returns. And for a young person with an entry level salary and a weak skill set, it can be hard to earn the income needed to get the net worth flywheel spinning.
For example, if you save and invest $10k per year at a 7% annual rate of return, it will take you 7.84 years to accumulate $100k.
As time goes on, investment returns begin to help you out more, but in the beginning you often have to slog through that financial trough of sorrow to get to the point where investment returns can begin to make a difference.
The Blogging Trough of Sorrow
Anyone who has ever started a blog is likely familiar with the blogging trough of sorrow. When you first launch a blog, it’s exciting. You’re motivated and eager to grow it into something incredible.
What you soon realize, though, is that most people don’t care that you launched a blog and most people aren’t interested in reading what you’ve written. You can write one post per day for months at a time and still receive little to no pageviews.
I experienced this myself when I first started this site.
When I launched in November of 2016, I received just over 1,000 pageviews during the entire month. The next month, I received about 15,000 and I was on top of the world. However, I quickly entered the trough of sorrow in the months to follow.
During the next six months, I never broke more than 15,000 pageviews and my blog growth was completely stagnant. I contemplated shutting it down. However, I kept writing and slowly over the next 18 months my blog grew more and more and I recently crossed my first month with over 100,000 pageviews:
Persistence: The Antidote to The Trough of Sorrow
The only way to get through the trough of sorrow is to be annoyingly persistent. Keep showing up each day and working on that thing you want to get better at. Keep going when most people would quit.
One of my favorite examples of someone who used persistence to overcome setbacks is bestselling author Stephen King. In his book On Writing, he shares that he received dozens of rejection letters from publications when he was starting out. But instead of quitting, he simply started nailing the rejection letters to his bedroom wall.
He shares:
“By the time I was fourteen the nail in my wall would no longer support the weight of the rejection slips impaled upon it. I replaced the nail with a spike and went on writing.”
Through his persistence, he was able to make it through the trough of sorrow and become one of the most famous writers of our time.
The Warriors used a similar technique. Each year, they consistently picked up one or two players that made their team a little better. In Curry’s fourth year, the Warriors made the playoffs but didn’t make it to the finals. The fifth year they made the playoffs, but failed to make the finals again. Finally, in Steph Curry’s sixth season with the team they finally won the NBA finals.
Through persistence and gradual improvement each year, the Warriors were able to climb out of the trough of sorrow and rise to the top of the league.
Start Where You Are and Get Moving
When most of us look at someone like Steph Curry who is currently the face of the best team in the NBA, we mistakenly assume that he has always been a superstar.
We tend to think that the Steph Curry we see today is the same guy in this video who can casually make 93 out of 100 three-pointers at the end of a practice:
We’re prone to forget about the Steph Curry who averaged just 14.7 points per game in his third year as a member of one of the worst teams in the league. We forget that Steph Curry had to wade through the trough of sorrow at one point too.
Whether you’re trying to start a blog, a business, or any other endeavor, keep in mind that the first few months (and sometimes years) are often the hardest. You might not make as much progress as you’d like and you’ll likely feel like quitting at some point.
The key to making it through the trough of sorrow is persistence and patience. As James Clear said: “Rome wasn’t built in a day, but they were laying bricks every hour.”
Further reading:
Patient People Are Outliers and Their Advantage is Insane
How Long Does It Take to Grow a Successful Blog?
- The Ad Revenue Grid - August 6, 2021
- Attract Money by Creating Value for a Specific Audience - July 13, 2021
- The 5-Hour Workday - March 26, 2021
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
That went a totally different direction than I thought it would! What great insights about staying the course, working on process, to achieve great things.
Thanks Lin! Glad you enjoyed this article 🙂
I am book marking this and will make a note to refer to it monthly. Currently I’m in the midst of the trough as I build my financial business from the ground up while working full time. I’m up at 4:30am trying to figure out how to ramp up my roll out to friends and family… now where’s my coffee 🙂
Glad you found this post to be so useful, Cammie! Best of luck on your own journey 🙂
Once you realize that some tough times and disappointment at part of the process, it makes it much easier to put in the required effort. Though the trough of sorrow is never a fun place to be, at least we know that it gets easier eventually.
Zach, thanks for another great post. I am a regular reader of your blog. I keep coming back because I appreciate your perspective, your interesting charts, and your clear writing style. I’m glad you pushed through your ‘trough of sorrow’ and I’m grateful for your blog.
The trough of sorrow reminds me of a concept Aaron Ross calls ‘crossing the hot coals’ in his book, “Predictable Revenue”. The idea is similar: A sustained effort is required to produce new and different results; we must ‘cross the hot coals’ of exerting great effort without immediate results to reach our desired outcome.
Not that you asked for the encouragement, but I hope you keep writing. You seem to be a future-oriented guy. What if you’re still in the trough of sorrow and the future success of your blog blows today’s reality out of the water? Wow! Who knows how far you may go?
Matt,
Thanks so much for the kind words! I really appreciate it. Receiving these types of comments makes blogging worth it. I’m also glad I overcame the trough of sorrow, it has certainly been rewarding connecting with so many people through this blog and through my writing. I’m not surprised this trough of sorrow idea popped up in another book, it seems pervasive in many different areas.
Thanks for the encouragement and I hope you continue to find value in the blog in the future 🙂
Great post! I think I’d add a little more to the bar graph in that sometimes you can be on top and drop to the bottom again. This happens over the course of a very long life. The point is, it’s probably a good idea to have the mental tools to weather the ups and downs of life, not just in business, because all things ebb and flow! 🙂
Completely agree – having the mental fortitude to weather the ups and downs is crucial. Thanks for the feedback Tonya 🙂
Nice post. (As not-a-basketball-fan, I learned about Curry’s existence roughly when the GSW won the finals a couple of years back; I think magazine covers or such suddenly appeared at the front of Costco.)
However, I have to say, I can’t really buy the point you make without some (admittedly hard to gather) data. It’s that phenomenon where they exclaim, “the yield curve has inverted before the last 5 recessions!” but forget to mention the fact that the yield curve has also inverted on some 15 other occasions in the past three decades, with no recession.
Agreed that there exists survivorship bias here – undoubtedly there were several other teams during this time period who also worked just as hard and consistently acquired talented players each year, yet failed to win the Finals. The bigger point I’m trying to make in this article is that although persistence doesn’t guarantee success, lack of persistence almost certainly guarantees failure.
Truth be told… You are still setting some expectations here for example for new bloggers. 15k visitors in your second month is nothing short of a miracle. And you’re putting it out there like it just came to you by persisting for more than 1 month. This will probably never happen to most people who start a blog now.
I’ve been blogging (in Dutch, so less reach obviously) for more than 2 years now, and I still never break the 15k visitors per month. Above 100k/month is ofcourse still a great achievement, well done!
Other than that: I think the ‘trough of sorrow’ is why a lot of people quit on a lot of good projects or ideas. They have expectations which aren’t met ‘on schedule’, even though the underlying principle is still sound they’ll get disillusioned.
Shame, really.
I agree that 15k visitors in my second month was unusually high, however I have talked to several bloggers who have achieved 15k visitors/month by month 6, which is essentially where I was at after 6 months as well. The point is that the early stages of any new endeavor are often discouraging because you just don’t experience as much growth as you anticipated.
I appreciate the feedback!
Yeah the point is very valid, and I liked the post. But be aware of winner bias in your own project and fellow bloggers whom you talk to. There are many other bloggers who quit without ever reaching these numbers, they tend to not talk about it either.
Blogging in English does help ofcourse, maybe I should switch. But it’s not my native language unfortunately.
I’m not trying to be critizing by the way, I enjoy your blog! I believe you are doing great, keep it up.
No doubt many bloggers quit without ever breaching 15k/views per month and blogging in English certainly allows me to reach a wider audience, which is a built-in advantage I have without doing anything to earn it. I appreciate your feedback and I hope you continue to enjoy the blog in the future 🙂
Great post Zach, love the analogy about the Warriors and that video of Steph is incredible. When I get discouraged along my own journey I try to take it a day at a time, getting 1% better each day. Eventually it adds up to massive results.
I thought you’d like the Warriors analogy since you’re also an NBA fan! And agreed – incremental improvements add up over time.