Money and Finance
From Josh Waitzkin in The Art of Learning:
- Make Obstacles Spur You To Creative New Angles In The Learning Process...
Another excerpt from The Art of Learning: One thing I have learned as a competitor is that there are clear distinctions between what it takes to be decent, what it takes to be good, what it takes to be great, and what it takes to be among the best. If...
- What Kind Of Learner Are You?
When you see a couple of references to the same idea within a 24-hour period, it makes you take notice. As is evident from some of the excerpts I've posted recently, I just finished going back through Josh Waitzkin's book, The Art of Learning....
- Learning And Fundamentals...
From Josh Waitzkin in The Art of Learning, and applicable to investing and just about everything else as well:As I struggled for a more precise grasp of my own learning process, I was forced to retrace my steps and remember what had been internalized...
- Maximizing The Experience Of The People Who Have The Most Aptitude And The Most Determination As Learning Machines...
From Poor Charlie's Almanack: Another idea that I found important is that maximizing non-egality will often work wonders. What do I mean? Well, John Wooden of UCLA presented an instructive example when he was the number one basketball coach in...
- Howard Marks Memo: It’s All A Big Mistake
Mistakes are a frequent topic of discussion in our world. It’s not unusual to see investors criticized for errors that resulted in poor performance. But rarely do we hear about mistakes as an indispensible component of the investment process. ...
Money and Finance
Regaining and clarity of mind after making a mistake...
From Josh Waitzkin in The Art of Learning:
One idea I taught was the importance of regaining presence and clarity of mind after making a serious error. This is a hard lesson for all competitors and performers. The first mistake rarely proves disastrous, but the downward spiral of the second, third, and fourth error creates a devastating chain reaction. Any sports fan has seen professional football, basketball, and baseball games won and lost because of a shift in psychological advantage. People speak about momentum as if it were an entity of its own, an unpredictable player on the field, and from my own competitive experience, I can vouch for it seeming that way. The key is to bring that player onto your team by riding the psychological wave when it is behind you, and snapping back into a fresh presence when your clarity of mind begins to be swept away.
With young chess players, the downward spiral dominates competitive lives. In game after game, beginners fall to pieces after making the first mistake. With older, more accomplished players the mistakes are subtler, but the pattern of error begetting error remains true and deadly.
- Make Obstacles Spur You To Creative New Angles In The Learning Process...
Another excerpt from The Art of Learning: One thing I have learned as a competitor is that there are clear distinctions between what it takes to be decent, what it takes to be good, what it takes to be great, and what it takes to be among the best. If...
- What Kind Of Learner Are You?
When you see a couple of references to the same idea within a 24-hour period, it makes you take notice. As is evident from some of the excerpts I've posted recently, I just finished going back through Josh Waitzkin's book, The Art of Learning....
- Learning And Fundamentals...
From Josh Waitzkin in The Art of Learning, and applicable to investing and just about everything else as well:As I struggled for a more precise grasp of my own learning process, I was forced to retrace my steps and remember what had been internalized...
- Maximizing The Experience Of The People Who Have The Most Aptitude And The Most Determination As Learning Machines...
From Poor Charlie's Almanack: Another idea that I found important is that maximizing non-egality will often work wonders. What do I mean? Well, John Wooden of UCLA presented an instructive example when he was the number one basketball coach in...
- Howard Marks Memo: It’s All A Big Mistake
Mistakes are a frequent topic of discussion in our world. It’s not unusual to see investors criticized for errors that resulted in poor performance. But rarely do we hear about mistakes as an indispensible component of the investment process. ...