Bounce Intl: Mozart, Federer, Picasso, Beckham, and the Scie

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
Groovyelms
Posts: 277
Joined: Fri May 20, 2011 7:42 am

Coaching, lessons, help, instruction advice et al, conveyed correctly helps us all; But put over poorly affects us all. I have been lucky to enough to have skiied to a pretty high standard over the years, and treated myself to a long week end course with instruction included a few weeks back in switzerland..

My primary reason for doing this were, on the last ski trip, I ended up in hospital having emergency eye surgery... ( if you get ill get ill in France the standard of care in hospital was exceptional) and the food was good too.

So off I trot to switzerland speeding across the alps by train and yes they do run on time. arrive at the resort, loverly hotel, fab snow and good weather... all looks good.

So first day feeling somewhat nervous we meet our leader for the weekend. and straight away we are being put though our paces on technique and good knows what else, i want you to ski this way and not that way... that ways ok but this is the way forward..that first day meant I never settled or relaxed on the skiis over the whole weekend! I came back thinking, did I enjoy that? the jury is still out on that question...
Coached more positively, it could have all of been so very different :cry:
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Daniel Kahneman quote
From Thinking, Fast and Slow:

“As you become skilled in a task, its demand for energy diminishes. Studies of the brain have shown that the pattern of activity associated with an action changes as skill increases, with fewer brain regions involved. Talent has similar effects. Highly intelligent individuals need less effort to solve the same problems, as indicated by both pupil size and brain activity. A general “law of least effort” applies to cognitive as well as physical exertion. The law asserts that if there are several ways of achieving the same goal, people will eventually gravitate to the least demanding course of action. In the economy of action, effort is a cost, and the acquisition of skill is driven by the balance of benefits and costs. Laziness is built deep into our nature.”
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I was chatting the other day with a Paralympic gold medalist, and talking about the things that lead to success in her field. One of the things she stressed was the importance of hard work and determination. She said that ideally you want someone who's hard working and talented, but often talented people work less hard than than their less talented peers.

Jeff
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

How To Achieve Mastery (And Why You Don’t Have To Be Born With It) – with Robert Greene

http://mixergy.com/robert-greene-mastery-interview/
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Your Genes Don’t Fit: Why 10,000 Hours of Practice Won’t Make You an Expert

http://www.wired.com/opinion/2013/05/so ... rule-bunk/

I disagree TBH, I've reinvented my skill set several times in my life so I think practice does make perfect. To be to expert status can be acheived through practice alone, but to be at the very top of your profession probably requires everything to be perfect and to practice a lot so there are differentials.
User avatar
CaerMyrddin
Posts: 1271
Joined: Mon Sep 07, 2009 10:47 am

Imho, the truth is somewhere in between, probably there isn't such a thing as one rule fits all.

You are a talented individual, so changing your set skill is probably easier.

Practice simply has to improve your skills, but there must be some kind of threeshold for this improvement. You can argue that it's a trailing stop (pun intended) but even the potencial to push it further must be limited, imho

In no way I'm trying to diminish the power of practice!
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

The Most Successful People Practice Better, Not More

http://www.businessinsider.com/how-succ ... z2cXNMouch
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

COMPLEXITY AND THE TEN-THOUSAND-HOUR RULE

http://www.newyorker.com/online/blogs/s ... l?mobify=0
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Malcolm Gladwell: The Power of the Underdog

http://www.cbsnews.com/videos/malcolm-g ... -underdog/

How Bill Gates inspired the book, "Outliers"

http://www.cbsnews.com/videos/how-bill- ... outliers-2

Life lessons from the best-selling book, "Blink"

http://www.cbsnews.com/videos/life-less ... ok-blink-2
stevequal
Posts: 457
Joined: Thu Aug 05, 2010 9:36 am

I am big fan of Gladwell's books. I remember the first time, I read the Tipping point and was like wow. Some critics say his work is too obvious, but in that very observation there maybe a lesson.
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

Can 10,000 hours of practice make you an expert?

http://www.bbc.co.uk/news/magazine-26384712

Reminds me - I still haven't got around to reading the book Bounce, it has been sat on my shelf for years now! Something to do tomorrow after my run.
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

Not had time to read it yet myself:

Ditch the 10,000 hour rule! Why Malcolm Gladwell’s famous advice falls short:

http://www.salon.com/2014/04/20/ditch_t ... pockethits
User avatar
gazuty
Posts: 2547
Joined: Sun Jun 26, 2011 11:03 am
Location: Green land :)

andyfuller wrote:Not had time to read it yet myself:

Ditch the 10,000 hour rule! Why Malcolm Gladwell’s famous advice falls short:

http://www.salon.com/2014/04/20/ditch_t ... pockethits
Good article but doesn't invalidate the 10,000 hour rule (it does validate the over hyped misleading headline rule). Just gotta space them out.
User avatar
gutuami
Posts: 1858
Joined: Wed Apr 15, 2009 4:06 pm

spiritual teachers talking about 10k hours practice

https://youtu.be/Zb3_wqX7yNE?t=24m17s
User avatar
Euler
Posts: 24816
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Can you win at anything if you practise hard enough?

http://www.bbc.co.uk/news/business-31945687
Post Reply

Return to “Trading Psychology”