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Grant Hackett
Group Chief Executive Officer, Generation Development Group

252. The Champion’s Mindset: Grant Hackett on Success in Sport and Business

📅 May 19, 2025 Kofkin Bond & Co. 58 MIN 146 VIEWS 100 SEGMENTS · 2 SPEAKERS
In this week’s Kofkin Bond & Co podcast, Tony sits down with Grant Hackett — CEO of Generation Development Group and former Olympic swimming champion. Grant shares his inspiring journey from world-class athlete to accomplished business leader, revealing how the values of hard work, discipline, and consistency have driven his success in both sport and business. Hackett reflects on his experiences training alongside top athletes, overcoming major challenges, including a battle with pneumonia before the Athens Olympics, and achieving career-defining moments such as breaking world records and win...

Questions asked in this interview

11
  1. 0:17You know, went into banking and, you know, you're now the CEO of, or have been for five years, of the listed company, Generation... what's the acronym?
  2. 1:41Would that be a fair call?
  3. 4:33... know, at a young age, and what was it like growing up on the Gold Coast, and when did you realize that, you know, there's this opportunity in swimming where you had that not just potential to be great but that potential to be an Olympian?
  4. 10:28I remember it was the opposite in the Commonwealth Games just before that, two years before, wasn't it?
  5. 10:49You got the silver, that wasn't it?
  6. 11:44It's like running, you know, 10 seconds flat versus 9.8, you know?
  7. 13:06Yeah. Can I ask a question?
  8. 15:44How are you keeping it all under control before you get out there and stand on the blocks?
  9. 35:02And you know, did you always know that you were going to transition into the corporate life?
  10. 40:07... about that in your team, especially in a sales team as an example, but how is it that you build that, those characteristics, hire those people, get those people to be the best that they can possibly be as well and get that out of them?
  11. 47:01What is the next step? What is the next step?
Interviewer 0:04 ↗
Grant, welcome to the... puff. Here we go. And we don't edit, Grant. So we're going to keep that in there. So, welcome to the Cough Bomb podcast. It's really sad that I can't say my own surname, mate.
Grant Hackett 0:16 ↗
We all have our moments, don't worry.
Interviewer 0:17 ↗
No, we've known each other for quite some time and, you know, I've been a longtime fan of your swimming career. I was about 12 years ahead of you and nowhere near as good. Always wanted to be, though, but always been a fan. Watched your career, swimming career and also your corporate career as well. So it's been really great getting to know you on a personal level and attending concerts with you in LA and having lots of fun and a few beers and lots of meals together and things like that as well. So it's been wonderful getting to know you. But today we're actually going to... for our guests, most of our guests will know you as Grant Hackett, the three-time Olympic gold medalist. And, you know, your feats in the pool obviously, and there's, you know, some of the talks that I've seen you give have been extraordinary. But they also don't necessarily know about Grant Hackett, you know, life after swimming. Yeah. You know, the gent who's sitting here in front of me in his suit and tie, you know, so it's your business career which has also been exceptional as well. You know, went into banking and, you know, you're now the CEO of, or have been for five years, of the listed company, Generation... what's the acronym?
Grant Hackett 1:33 ↗
GDG. GDG, Generation Development Group, the parent of Generation Life, which a lot of my clients actually invested in as well.
Interviewer 1:41 ↗
So, thank you for coming today. And what we're going to talk about is that transition, you know, from the swimming and being not an elite athlete, but actually the greatest in the world, into that business life and that transition across. I've often spoken about, and my clients have heard me speak in the past, that transitioning... that you can be a natural, which is great, but being a natural doesn't make you the greatest in the world. You still actually have to work hard and hard and hard. Being a natural is a start, obviously, but it's the hard work that actually gets you there. And I think that's the same in business as well. Would that be a fair call?
Grant Hackett 2:24 ↗
Absolutely. It's funny, all the athletes that people see as the most talented, funnily enough, are the most hardworking as well. So, absolutely. You know, I've been lucky enough to train with Michael Phelps. You know, watching those guys and their application towards what they do. Sure, they're big, they're flexible, you know, they were doing it from a very young age, but it was unequivocal. It was the hard work and focus and visions that they had for their careers that actually drove them to the levels that they achieved. Where most people would look at them and say, 'Oh, they're just so talented, aren't they?' And often enough, when someone's been doing something for long enough and is exceptionally good at it, they do make it look easy. It's like watching Usain Bolt run. But the amount of times that guy would have thrown up during a training session would be unheard of. So it's more the hard work. And I think I don't think I was probably even as talented as those athletes.
Interviewer 3:11 ↗
I can't complain. I'm 6'6" and, you know, had a lung capacity that was good. 160% above what it should have been and all these sort of...
Grant Hackett 3:20 ↗
When both your lungs were working, yeah. So I was probably lucky I had a bit of extra capacity for that race. But yeah, it's... I know it's the discipline, the hard work, the consistency, and the boring stuff that actually creates any sort of greatness or any good result. So I've definitely just applied that in my business career. So that's probably the one skill that I've learned and I truly understand it as well. I know when I'm kidding myself and I think I'm applying myself and I'm really not, or I know when I'm truly dedicated and executing well. So that's probably the unique insight that I have, given that I got to that level in sport.
Interviewer 3:57 ↗
Sometimes as a father that can be annoying to our children.
Grant Hackett 4:01 ↗
It can be. Yeah. It can be annoying to a lot of other people that want to be good and you give them a reality check. They don't like it. Yeah. So I know it's... to my two sons who are 28 and 26, there's been the odd occasion where they said, 'Dad, I'm just not interested.'
Interviewer 4:17 ↗
No, but it's... now you, I mean you live here in Melbourne now, but you did grow up on the Gold Coast. When did you know... and actually I remember first following your brother in Surf Life Saving.
Grant Hackett 4:31 ↗
Older brother.
Interviewer 4:33 ↗
So it's... but it's when did you realize, you know, at a young age, and what was it like growing up on the Gold Coast, and when did you realize that, you know, there's this opportunity in swimming where you had that not just potential to be great but that potential to be an Olympian?
Grant Hackett 4:49 ↗
I think I was always pretty competitive. So I'm quite a relaxed individual, so it doesn't come across like that, but my mindset is highly, highly competitive and I will do whatever I can within my power to get the result that I'm looking for. And I'm not a person who gives up very easily. I think I don't even know when to give up, to be honest, sometimes, perhaps when I should. But for me, my brother and I... my mom had cancer in between us, so it was almost a seven-year gap. So I was born on the Gold Coast. Dad was a detective, so he got moved around Queensland quite a bit. So we started swimming in far north Queensland up in Innisfail. It's because my brother actually got beaten by two girls in a surf race and he wanted to do swimming lessons, and mom and dad hadn't even thought of aquatics before that. So he started doing the surf life saving bit and he was swimming for that. Within six months he was state surf champion, funnily enough. And I was kind of going up and down the public lane. Eventually, dad got transferred back to Brisbane and we lived on the Gold Coast, and then I really started swimming probably seriously from the age of five or six, just because that was a sport that we were doing within the family. And from there, I think, you know, playing a couple of other sports, doing the surf life saving bit, which I loved, and the Uncle Toby's Super Series was just so big in the '90s. Those guys were real rock stars. Guy Leech is actually a good mate of mine and he was one of the big rock stars through that period, along with, you know, Trevor Hendy. And as he always tells you, you know, it was good to be great, but he said it was great to be good-looking too.
Interviewer 6:09 ↗
Yeah, yeah, yeah, still is. He still is, yeah. He's a ridiculously good-looking guy. So anyway, we all want to look like Leechy, trust me, and be an exceptional athlete. God, won several Coolangatta Golds, like amazing.
Grant Hackett 6:24 ↗
Yeah, he's phenomenal. So he's always been so extremely fit. But yeah, so I was doing that sport and then rugby league. I was playing that, being up in Queensland, and there was a critical moment in '93 where one Antonio Samaranch read out Sydney, Sydney. And I thought to myself, geez, I'd love to go to a home Olympics. You know, I always admired the Olympics. I was 13, and it was funny. I made a decision at that very point that I didn't want to just go to the Olympics in 2000. I wanted to win. And I did a fair bit about that. I researched Kieran Perkins's times, who was... the event I was doing was the 1500-meter freestyle, and the rich history I really loved in Australia. And it was actually the most gold-medal race in Olympic history across any sport, male or female. So I still remember reading about Murray Rose, Andrew 'Boy' Charlton. They wonder why the ABC in Sydney... why is it named that? He's a 1500-meter swimmer. You had John Konrads, you had Stephen Holland, you had Glenn Housman, Daniel Kowalski. So you had all these amazing athletes over the last century in that race. And so for me, that was something that really intrigued me. And also it was like the four-minute mile, but it was almost harder than the four-minute mile was the 15-minute barrier for the 1500-meter freestyle, because a guy named Vladimir Salnikov broke that in 1980. I think he went 14 minutes 53.3. Eventually got that record down to... but by the time I got to breaking 15 minutes, only four people before me, almost over 20 years, had been able to do it. Yeah. And three of those were Australian, actually, might have been five, I think three of those were Australian, with Kowalski, Housman, Perkins, Vladimir Salnikov, and I think there was a French swimmer as well, if my memory serves me correct. So yeah, that was kind of the big milestone in the race. But I think for me, 13 was really that critical moment where I don't think I ever knew I could win or not win, or go to the Olympics or not go to the Olympics. I didn't think about the failure part of it. I just thought about what I wanted to do, and then I didn't kid myself. I knew it was going to be very difficult, and I just put everything in place to do it. I didn't ever think I would fail at it. I know that sounds weird, don't get me wrong. When I got there, and when I'd been going through the years before it, when you actually are at that level, of course you question yourself, probably more at that point in time, because you recognize the things that can go wrong. But as a young kid, I just thought to myself, well, I've just got to train really hard and I'll get there and I'll do it.
Interviewer 8:53 ↗
But I remember having this chat with you, I think we were in LA when I was having this chat with you, that it's actually a mindset, you know, talking to American Olympians versus, say, some Australian Olympians, besides yourself, that I know more track and field, where a lot of the Australian athletes, their goal has been to qualify for the Olympics, whereas you talk to an American, their goal is to win an Olympic gold medal, not to qualify for the Olympics. Qualifying for the Olympics is just part of the thing. But you said you weren't there to qualify for the Sydney Olympics. You were there to win an Olympic gold medal.
Grant Hackett 9:30 ↗
I think when you come from a nation that can really dominate, like the US, it's easy to have that mindset. When you come from a small country like Australia and we don't necessarily have the plethora of gold medals that you see from the US, I think you are the underdog, and I think we carry that probably a little bit too much, where we should maybe, you know, think...
Interviewer 9:50 ↗
But we aren't in swimming.
Grant Hackett 9:51 ↗
No. And we aren't in many other...
Interviewer 9:53 ↗
My father would always say that, you know, when the Olympics are on, he said we enjoy the first week. Yeah. You know, as Australians, enjoy the first week. And we almost question ourselves, I think, too much in other sports. Well, we can do it in swimming, but we could never do it over here or over here. And I don't believe we have the same population for swimmers as what we do for athletes and all the rest of it.
Grant Hackett 10:11 ↗
So it's correct, correct. And so for me, I think one of the reasons that there was a strong sense of self-belief is because I saw Kieran Perkins do it the year before and dominate as well. Not only did he win, he won by a huge margin. Glenn Housman, another Australian, got second. So we got first and second, and then he broke the world record.
Interviewer 10:28 ↗
I remember it was the opposite in the Commonwealth Games just before that, two years before, wasn't it? When Glenn Housman won...
Grant Hackett 10:34 ↗
Glenn Housman in 1991, Kieran was 16. Glenn Housman won that in 14 minutes 55. Kieran broke 15 minutes though as a 16-year-old and went 14:58, which was incredible. Like, so that was quite a remarkable result.
Interviewer 10:49 ↗
You got the silver, that wasn't it?
Grant Hackett 10:52 ↗
Yeah, correct. And then it was always going to be Glenn Housman's opportunity in '92, but then Kieran came along. Then the following year they had the World Championships in between the games and the Olympics, and he finished second, broke the world record but finished second. A guy named Hoffman, a big German guy, was about 6'8", massive guy, beat him. Since then he said that he was on drugs in the sport to beat Kieran, and then it came down to a sprint the last lap. And then the next year, I think Kieran broke the world record two times that year. Yeah, like he was hungry to beat him. He went 14 minutes 48 at the Olympic trials and then went to the Olympics and went 14 minutes 43.44 to be exact, and won by about 25 meters. And I think Glenn Housman finished second in 14 minutes 55. Yeah, as you can see, I study everything because I believe the only way you can achieve your goals is if you really break it down.
Interviewer 11:44 ↗
Well, I remember you said that in one of your talks, that you would actually look at what time Kieran Perkins did at a certain age, and you're at that age, and you'd say, 'Wow, I'm five seconds behind,' which in a swimming pool can be, yeah, it's actually a long way. It's like running, you know, 10 seconds flat versus 9.8, you know? It doesn't seem like much time, but it is.
Grant Hackett 12:08 ↗
It's about 10 meters. Yeah, correct. So, you know, in any sport, you know, the margins of error, the more you get to the top, become smaller and smaller. I mean, I have three Olympic silver medals, I think over a distance of about 24 minutes of swimming, that are by about one second or less. So those three silvers could be three gold. So I could be sitting here with a, you know, extra second, a point one, a point two, literally here as a six-time gold medalist doing distance events, which obviously you don't get as many opportunities as a Phelps or a Thorpe to be able to do all the relays and stuff like that. So I think for me, through those formative years, seeing Kieran do so well did give me a sense of self-belief that as an Aussie, well, we can do it. And then I looked at the rich history in the race. So it's really important that we have great athletes because no one did a survey on me and said, oh, who's inspired by that or not, you know, like, but that was hugely inspiring and also, you know, creates that sense of belief that from this country you can do that.
Interviewer 13:06 ↗
Yeah. Can I ask a question? You get to Sydney. So it's, you're in Sydney, you've qualified. You win that first Olympic gold medal. Yeah. It's been your dream from a 13-year-old. You go into that race, it's always been your dream. You certainly know you've got a shot. Yeah. Well, the world knows you've got a shot. Yeah. There's a sense of expectation. You know, us Australians are very good at lifting people up then cutting people down. You know, it is, you do have that tall poppy syndrome, and you are tall. You do stand out. So it's, um, that's wonderful. Yeah. So it's, um, when you touched that wall and realized you'd won that gold medal. Yeah. Tell me about that feeling.
Grant Hackett 13:56 ↗
It's funny. I remember, I can think of it right now, just sort of 25 meters to go. I was next to Kieran Perkins. So here's my hero turned my rival, and I had a fair gap on him by about five seconds. And I remember actually sitting up and sitting on the yellow touch pad, and it came in, touched the wall. And if you probably look at the footage, you can see me. I actually look at the diving scoreboard, not the main scoreboard of the pool, because I had this thought as I touched where I thought, what happens if there's someone in lane eight I didn't see? So I was like, saw my name, lane three, Grant Hackett, won. Okay. And then, you know, I sort of turned around and just, you know, celebrated. So yeah, it was an amazing moment. The funniest thing too, like there was a sea of about 20,000 people around a little 50-meter pool, and I spotted my mom and dad straight away. So that, as I turned around, like it was a bit bizarre. So whether it was because they were probably going more nuts than anybody else. But it was such a nice moment because then Kieran came in second. Kieran wasn't overly friendly with me for the four years before that we were on the team together because I was undefeated for four years straight coming into the Olympics. And he leant over the lane rope after finishing second, fastest time he'd actually swam since he broke the world record. So it was his fastest swim in six years, and said, 'You deserve this.' So I never forgot that, like, because the guy literally, I think he said more to me, or probably doubled the amount of words that he'd ever exchanged to me in four years, just in that moment. So that was really nice, and, you know, subsequently we're good friends now. He's also a CEO, incredibly bright guy, and was an amazing athlete. I don't think people did really appreciate at the time how good he was, but he was the trailblazer in Australian swimming that put us back on the map again.
Interviewer 15:44 ↗
Can I ask, it's, I'm somebody who doesn't necessarily suffer from adrenaline rushes, which can be the bane of people's life because they think, I'm just not interested. But, you know, you're about to get on the... well, you're being called out, you know, so there's, you know, you're in the change rooms, you got seven other blokes in there who are all gunning after you. Yeah. From that perspective, you're the one who's been undefeated, and this is the race they all want you to lose for the first time in four years, you know. So it's, what thoughts are going through your head at that stage? What are you trying to block out? Is your heart rate racing? How are you keeping it all under control before you get out there and stand on the blocks? You're a young fella, you've been dreaming of this for a long time.
Grant Hackett 16:34 ↗
Yeah, it was, yeah, I just turned 20, and here I was, you know, in the village. There's Muhammad Ali that walks past, but you haven't been partying. You know, we're all meant to be partying at that age and not remembering what we did the night before. Completely focused. Yeah, no, barely would drink and do anything like that. So for me, I think, you know, you train for many years to be able to control your emotions at that moment. So I think it's like, it's almost like being in the SAS or an ABC, like you literally spend so many hours each day, like I've been training over six hours per day, and I've been doing that from a very young age for that moment. So I knew what I needed to do. It's whether you have the composure to be able to have the discipline to do it. So for me, you know, before that race in particular, I should have medaled in the 200, 400, world record in the 200 the year before. I was a finalist but not a medalist in those races in Sydney. And, you know, we won a gold in the relay, but I wanted my individual gold. That was the big one. And for me, I think I remember just having probably three things I was saying to myself. You know, 'you can do it, you want to do it, go out and do it.' And I just, I would repeat sort of mantras like that in my head. So as soon as your mind starts deviating, I think the difference between a good or a great athlete can be when things go a little bit sideways, do you know how to control yourself and bring yourself back to the middle and center yourself, or do you get too much in your head? And so I think I always had that ability. I saw, you know, it was funny, rarely saw things get to him. You know, he was the sort of guy when he would compete wouldn't shut up. Like, I need a bit of time to focus, but he would be in the marshaling tent just talking. I'm like, we're about to swim an Olympic final or a world championship. Like, can you just be quiet? I don't want to talk. And it was funny. I remember we sat next to each other on the bus on the way down for the men's 200 freestyle just a few nights before this race, and he wasn't saying anything, and I was really worried. And the night before, Pieter van den Hoogenband had broken the world record in semifinal number one. Then in semifinal number two, he went to break it, but he equaled it. They actually equaled the world record. And so that rattled him. He's only a 17-year-old kid, let's not forget. And I remember sitting on the bus and I was like, 'Oh, this is not good.' And you watch Ian's race there, he goes out way too hard. He's got these amazing, this amazing kick, these amazing legs. Went out way too hard. You see it by overkicking. And Peter beat him in the last lap. Now Ian didn't forget that. So he went to the World Championships the following year. This was nine months later. And they turned on the last wall together. And Ian came home faster in the men's 200-meter freestyle than anybody did in the 100-meter freestyle. Wow. Broke that world record by 1.3 seconds that was done at the Olympics. I think Gary Hall got a smack on that 4x100.
Interviewer 19:24 ↗
He did. He did a couple of nights before that at the Olympics. So yeah.
Grant Hackett 19:28 ↗
So it is funny, you know, different people have different ways of centering themselves. So whilst one person doesn't need to talk or might use music or whatever it might be, another person might love a chat. So, and I've always tried to pick that up against people that I've seen be great at stuff and seen them in great moments. And that's why I remember these things so candidly because I thought to myself, what works for me? And I'm still refining that. What works for me in good times, bad times, pivotal moments, high-pressure moments, and I'm pretty good at it, but I'm still curious as to what more I could do to improve.
Interviewer 20:04 ↗
Yeah. So it's interesting you do that because one of the things that I've learned through sport, through business, is observation of everything going on around you. Actually being able to read what other people do. And, you know, you see it in a room where someone goes like that and then they don't say anything. You know, they want to talk or they look up, you know, they've had a go at a question, but it hasn't come out of their mouth. And to be able to just stop and stop the room and say, 'Sorry, Grant, did you have a question?' Yeah. You know, just having those observations. And so, and even my son, I will say, is an over-optimistic football supporter like me. He's not as optimistic as I am. You know, every year, every year we're going to win the flag. But he's there and you can just see there's the few odd players, I won't name them, but you can just see they make that odd mistake early on. And I've just, take him off. Yeah. Don't have him the rest. They just lose it. Their head's down and they've lost it. Just take him off. They're just not going to the rest of the game. They're just going to be down on themselves. I see it in athletes all the time.
Grant Hackett 21:13 ↗
It's funny, that exact behavior. We, you know, in our team, and I probably, I'm very fortunate because I've been trained to do this, is I had to swim so many events. So I would swim up to six events at a competition, which was a lot, particularly for, you know, 1500-meter, butterfly or anything like that. I just did the two, the four, the eight, the 15, sometimes the 4x2, and occasionally qualifying for the final, semis, all that sort of stuff. So you could have a bad race in there somewhere. You could have one where it just didn't go well, and, you know, we would always have the, 'Okay, that was yesterday, now we've got to focus.' So as soon as that bad race would happen, if you had more events, you had to just reset yourself and refocus very, very quickly. And I learned to do that at many international competitions over many, many years because you would have your ups and downs throughout the course of the week, or, you know, even breaking a world record one night, then you've got a media conference, a drug test, a cool down, a massage, physio, you get back after midnight, but you've got to wake up for heats the next morning and another pretty major race probably for you. So, you know, even in the bigger moments where things are going well, to be able to have that sense of control and focus. So I always see that in people like Djokovic when you watch him play tennis, you know, particularly when he was at his best, you think, geez, he's not looking good. He's not looking good. Then all of a sudden, it just turns a corner and you're like, wow, he's just won the next, you know, sort of five games in a row. And you see that in all the great athletes when they go down, they don't stay there for too long because everyone goes down. Like in life, everyone goes down. Everyone goes on the bottom part of that. But they have this uncanny ability to be able to shift their focus onto the things that they need to do in order to get back up. And so their transition time from being down, not executing well, to getting back to executing well is much shorter than what probably most people is. I think that's their real ability around their greatness.
Interviewer 23:06 ↗
Yeah. And that's what you're talking about in footy. Someone's missed a simple mark or a kick right in front of the posts that rattles them for the next, you know, there's 60 minutes left in a game, then that's not going to work. You know, they've got 30 seconds to turn that head, you know, sort of mindset around and get their head right and really focus again.
Grant Hackett 23:26 ↗
And actually, you know, what you start doing is not focusing on what outcome you want, but the next step in the process. So for me, even when I would walk out behind the blocks, people go, 'What do you think about behind the blocks?' I'm like, 'Gun, gun, gun, gun.' That is literally just going over my head because I just want to get a good start. Yep. So I'm just waiting for the gun to go and that's my focus. Like, I know my race plan, I know what I need to do. Doesn't always play out the way you want to. So there's areas where you've got to adjust and not get too rattled and then, you know, again, focus and execute. But I think, yeah, that time to being down to getting yourself back into where you need to be, it is micro steps and you've got to focus just on the next micro step and then just move yourself away from that very quickly.
Interviewer 24:09 ↗
Well, I actually used the wonderful stories you gave earlier where somebody said, 'Oh, you know, there's...' because I was a 50 and 100 freestyler and 50 and 100 butterfly. Yeah. And they said, 'Well, you could never miss a start.' And I said, 'Well, I was lucky because I had very quick reaction times off the blocks.' And I said, 'Well, you know, somebody swimming a 1500, you know, if they slightly missed a start.' And I said, 'Tell that to Grant Hackett who's got three silver medals, you know, by less than a second.' No, I think I said by less than half a second or at, you know, combined time. So it's, tell him, you know, if he missed that start, you know, saying he's got a silver medal. So it's, but that's actually a magnificent segue of going into the Athens Olympics, you know. So we'll just use that as a segue. We spoke about, you know, a lot of people going into the Athens Olympics say you were off your game. They didn't necessarily know what was wrong, but you were off your game, but for a particular reason. Now, we spoke about your lung capacity before and things like that, but do you want to talk about going into Athens and, you know, it's, you could say you didn't have the best preparation, but do you want to tell that story and... but you still did pretty well in the end considering all, but if you let people know that story and what happened.
Grant Hackett 25:29 ↗
Yeah, no, it was a very tough situation that one because at the start of the year I was training so well and not only do I write...
Interviewer 25:36 ↗
And competing well.
Grant Hackett 25:38 ↗
Yeah. Not only do I write down my times, but I wrote down my behaviors that I want to achieve for the year. So for me it was about winning three gold medals at that Olympics. I was going to do everything right, you know, bed on time, not miss a training session, you know, all that sort of stuff. No drinking, no, you know, nothing that would get in the way of trying to, you know, get those three gold medals. And so very early on in the year, I ended up getting a bit sick, but I didn't miss a training session. And I kept doing, you know, this sort of 15, 16k a day, six days a week that I was doing. And that infection went to pneumonia and very, very bad pneumonia. That put me in hospital for five days, just a few weeks out from the Olympic trials. So for me, the doctor after five days in there when I was getting discharged said, you know, the specialist said, 'Look, you've got two choices here. I'll give you medication to suppress the infection, but you need probably, you know, four to eight weeks off and you might not have scar tissue there,' because I was covered, like if you looked at my x-ray, I was covered in mucus on my lungs. And he goes, 'But even though you're young, I'm not sure you'll fully heal around that.' So I was like, 'Okay.' And I've trained myself into a really bad corner here. Anyway, I said, 'Well, can you just give me my antibiotics so I can go training?' And so I literally left the hospital and went to the pool. I didn't even go home. So because I've been out for five days, I had the Olympic trials next month. So for me, I got to the Olympic trials, I qualified for all my races. I still didn't miss any training sessions. I still trained very hard and very well. I went through 17 courses of antibiotics from the Olympic trials to the Olympics. I was coughing up each day a Styrofoam cup of yellow mucus when my physio would express my lungs and whack the sort of side of my chest and around my ribs. So it was a very hard preparation. And I got to the Olympics and, you know, won a silver medal.
Interviewer 27:26 ↗
Sounds a bit sadistic.
Grant Hackett 27:28 ↗
It does. It does. But you don't have a choice. This is the thing, like people love to have excuses in life. And the Olympics, you don't have an excuse. No one cares. It's once every four years. You can't ring them and say, 'Can you just put it back a couple of months?'
Interviewer 27:41 ↗
Is that... exactly, exactly. COVID's the only time I've seen them do that.
Grant Hackett 27:44 ↗
That's right. Yeah. But yeah, it's a totally ex... you know, there's no excuse that matters. There's no excuse that matters. You get one day every four years. If you aren't there or something goes wrong or something bad happens in your life, you're not healthy, whatever it might be, there's eight years in between opportunities. Now, careers in professional sport come and go mostly in an eight-year period. So for me, I didn't have a choice. That race was on that day in that year and I either had to make a choice of missing it or doing it sick. That was my two choices. So I was definitely going to choose to do it sick. So when I got to the Olympics, I did the 400-meter freestyle. I lost by 0.1 behind Ian. It was, I left my run a little bit late. It was a very narrow race. We lost the men's 4x200 freestyle relay, first time in six years, world record holders, by 0.1 in that. So two silver medals. They felt like serious failures for me. And then I got to the men's 1500-meter freestyle and I qualified third fastest. For the first time in eight years, I got beaten in a heat. Never been beaten at all, but I got beaten in a heat. I couldn't swim over the top of...
Interviewer 28:51 ↗
So that was the first time he actually lost a 1500 race in eight years. Yeah. Including heat.
Grant Hackett 28:57 ↗
So I'd won everything. So I didn't lose for 11 years straight, finals, but that was the first actual race that I lost. And so for me that was tough because I couldn't swim over the top of him at the end. This guy named Yuri Prilukov. And I thought it was over. Like I actually didn't think I had a chance after that heat swim because I just felt sick. I was back on antibiotics. And anyway, you know, within the next sort of few hours, I actually pulled my head in and thought to myself, you haven't spent eight years of your life in the last four years getting here just to give up on this opportunity. So I thought to myself, every time I have one of these negative thoughts that I was having, I was going to... I just said to myself, 'Whatever it takes, whatever it takes, whatever it takes.' And that's exactly what I...
said to myself probably three, maybe 4,000 times in the next 24 hours in between that point and the final, which was the following evening. And in lane six, I had a guy named Lson Jensen, who was a serious rival of mine and finished second a lot to me, saying he was going to beat me as an American. This guy's, this is a serious guy. Like, this guy's this very accomplished athlete. Got an email from him one day. It's not often you see an email signature the chief and commander of SEAL Team 5. That's what he became after being a two-time multiple Olympic medalist. Um, he was the, the chief and commander of SEAL Team 5. So he was a Navy SEAL for five or six years. Um, now is a very successful businessman, you know, studied, I think it was at USC and, and Berkeley and did his, um, MBA at, at Stanford or Wharton or one of those sort of places. So, he's a very, very high achiever. He's breaking the American record that day by 11 seconds. He's having, okay, he's doing his best time, having his best race ever. I'm, I'm hanging on by a very thin thread.
Interviewer 30:38 ↗
He sounds like a very goal-driven, determined gent. Yeah. So, this, it just gives you a bit of an idea to some of the people that you're up against there, like these very, very serious individuals who, who know how to focus, know how to execute. It's very handy with a gun.

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APA

Hackett, G. (2025, May 19). 252. The Champion’s Mindset: Grant Hackett on Success in Sport and Business [Interview transcript]. Kofkin Bond & Co.. CEOInterviews.AI. https://ceointerviews.ai/interview/3037642/

MLA

Grant Hackett. "252. The Champion’s Mindset: Grant Hackett on Success in Sport and Business." Kofkin Bond & Co., 19 May. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3037642/.

BibTeX
@misc{hackett2025_3037642,
  author       = {Grant Hackett},
  title        = {252. The Champion’s Mindset: Grant Hackett on Success in Sport and Business},
  howpublished = {Interview transcript, Kofkin Bond \& Co.. CEOInterviews.AI},
  year         = {2025},
  month        = {may},
  url          = {https://ceointerviews.ai/interview/3037642/},
  note         = {Speaker-attributed transcript with timestamps}
}