Money and Finance
The Little Book of Talent: 52 Tips for Improving Your Skills
- How Do You Get To Carnegie Hall? Talent
Link to article: How Do You Get to Carnegie Hall? Talent The 8-year-old juggling a soccer ball and the 48-year-old jogging by, with Japanese lessons ringing from her earbuds, have something fundamental in common: At some level, both are wondering whether...
- Why The 10,000-hours Rule Can’t Make You Warren Buffett
I don’t agree with everything in this article. While I do agree that the nature part of ‘nature + nurture’ does need some minimum level, I think nurture is much more important than I think this article implies, and am more in line with most of what...
- Expert Enough Show Ep. 6 - 10,000 Hours Of Golf With Dan Mclaughlin
In this episode of The Expert Enough Show, Corbett Barr sits down with Dan McLaughlin of TheDanPlan.com to find out. Dan is testing the 10,000 hour rule by trying to become a professional golfer through 10,000 hours of deliberate practice. His goal...
- The Dan Plan: Testing 10,000 Hours To Expert Performance
A big thanks to Will for passing this along! Link .......... Site: The Dan Plan .................... Related previous posts:The truth about grit - By Jonah LehrerWhat it takes to be greatRelated papers:“The Role of Deliberate Practice in the Acquisition...
- Talent: A Difference That Makes A Difference - By Greg Downey
Thank you Miguel for finding this! Malcolm Gladwell’s thoughts on this topic in his book Outliers are interesting as well. Here’s a quote from Gladwell on talent that may be a useful one to review before reading this article: “Talent is the desire...
Money and Finance
What it takes to be great
Practice makes perfect
-The best people in any field are those who devote the most hours to what the researchers call "deliberate practice." It's activity that's explicitly intended to improve performance, that reaches for objectives just beyond one's level of competence, provides feedback on results and involves high levels of repetition.
-For example: Simply hitting a bucket of balls is not deliberate practice, which is why most golfers don't get better. Hitting an eight-iron 300 times with a goal of leaving the ball within 20 feet of the pin 80 percent of the time, continually observing results and making appropriate adjustments, and doing that for hours every day - that's deliberate practice.
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Consistency is crucial. As Ericsson notes, "Elite performers in many diverse domains have been found to practice, on the average, roughly the same amount every day, including weekends."
Consistency is crucial. As Ericsson notes, "Elite performers in many diverse domains have been found to practice, on the average, roughly the same amount every day, including weekends."
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Evidence crosses a remarkable range of fields. In a study of 20-year-old violinists by Ericsson and colleagues, the best group (judged by conservatory teachers) averaged 10,000 hours of deliberate practice over their lives; the next-best averaged 7,500 hours; and the next, 5,000. It's the same story in surgery, insurance sales, and virtually every sport. More deliberate practice equals better performance. Tons of it equals great performance.
Evidence crosses a remarkable range of fields. In a study of 20-year-old violinists by Ericsson and colleagues, the best group (judged by conservatory teachers) averaged 10,000 hours of deliberate practice over their lives; the next-best averaged 7,500 hours; and the next, 5,000. It's the same story in surgery, insurance sales, and virtually every sport. More deliberate practice equals better performance. Tons of it equals great performance.
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Be the ball
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Through the whole process, one of your goals is to build what the researchers call "mental models of your business" - pictures of how the elements fit together and influence one another. The more you work on it, the larger your mental models will become and the better your performance will grow.
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Andy Grove could keep a model of a whole world-changing technology industry in his head and adapt Intel as needed. Bill Gates, Microsoft's founder, had the same knack: He could see at the dawn of the PC that his goal of a computer on every desk was realistic and would create an unimaginably large market. John D. Rockefeller, too, saw ahead when the world-changing new industry was oil. Napoleon was perhaps the greatest ever. He could not only hold all the elements of a vast battle in his mind but, more important, could also respond quickly when they shifted in unexpected ways.
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That's a lot to focus on for the benefits of deliberate practice - and worthless without one more requirement: Do it regularly, not sporadically.
That's a lot to focus on for the benefits of deliberate practice - and worthless without one more requirement: Do it regularly, not sporadically.
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Why?
Why?
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For most people, work is hard enough without pushing even harder. Those extra steps are so difficult and painful they almost never get done. That's the way it must be. If great performance were easy, it wouldn't be rare. Which leads to possibly the deepest question about greatness. While experts understand an enormous amount about the behavior that produces great performance, they understand very little about where that behavior comes from.
For most people, work is hard enough without pushing even harder. Those extra steps are so difficult and painful they almost never get done. That's the way it must be. If great performance were easy, it wouldn't be rare. Which leads to possibly the deepest question about greatness. While experts understand an enormous amount about the behavior that produces great performance, they understand very little about where that behavior comes from.
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The authors of one study conclude, "We still do not know which factors encourage individuals to engage in deliberate practice." Or as University of Michigan business school professor Noel Tichy puts it after 30 years of working with managers, "Some people are much more motivated than others, and that's the existential question I cannot answer - why."
The authors of one study conclude, "We still do not know which factors encourage individuals to engage in deliberate practice." Or as University of Michigan business school professor Noel Tichy puts it after 30 years of working with managers, "Some people are much more motivated than others, and that's the existential question I cannot answer - why."
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The critical reality is that we are not hostage to some naturally granted level of talent. We can make ourselves what we will. Strangely, that idea is not popular. People hate abandoning the notion that they would coast to fame and riches if they found their talent. But that view is tragically constraining, because when they hit life's inevitable bumps in the road, they conclude that they just aren't gifted and give up.
The critical reality is that we are not hostage to some naturally granted level of talent. We can make ourselves what we will. Strangely, that idea is not popular. People hate abandoning the notion that they would coast to fame and riches if they found their talent. But that view is tragically constraining, because when they hit life's inevitable bumps in the road, they conclude that they just aren't gifted and give up.
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Maybe we can't expect most people to achieve greatness. It's just too demanding. But the striking, liberating news is that greatness isn't reserved for a preordained few. It is available to you and to everyone.
Maybe we can't expect most people to achieve greatness. It's just too demanding. But the striking, liberating news is that greatness isn't reserved for a preordained few. It is available to you and to everyone.
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*HBR paper on the same topic (Ericsson is one of the authors): The Making of an Expert
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Related posts:
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The Expert Mind
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Geoff Colvin on Charlie Rose
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Malcolm Gladwell on Charlie Rose
Malcolm Gladwell at the 92nd Street Y
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Genius: The Modern View - By David Brooks
Talent: A difference that makes a difference - by Greg Downey
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"You and Your Research" - 1986 Speech by Dr. Richard W. Hamming
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Deliberate Practice: Becoming a Better Investor
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Related books:
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Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else
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The Talent Code: Greatness Isn't Born. It's Grown. Here's How.
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Outliers: The Story of Success
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The Road To Excellence: the Acquisition of Expert Performance in the Arts and Sciences, Sports, and Games
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The Cambridge Handbook of Expertise and Expert Performance
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Genius 101
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Other related links:
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Are You an Expert?
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The Role of Deliberate Practice in the Acquisition of Expert Performance
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Is Genius Born or Can It Be Learned?
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The Grandmaster in the Corner Office
Paul Wolfe: Lessons For Content Marketers from Tiger Woods – An Introduction To Deliberate Practice
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Malcolm Gladwell's definition of talent (from this interview):
“Talent is the desire to practice. Right? It is that you love something so much that you are willing to make an enormous sacrifice and an enormous commitment to that, whatever it is -- task, game, sport, what have you.”
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David Brooks did make a critique of Gladwell's book in which I thought he brought up a point that should be given some weight in trying to understand expertise (Gladwell responded HERE):
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Most successful people also have a phenomenal ability to consciously focus their attention. We know from experiments with subjects as diverse as obsessive-compulsive disorder sufferers and Buddhist monks that people who can self-consciously focus attention have the power to rewire their brains.
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Control of attention is the ultimate individual power. People who can do that are not prisoners of the stimuli around them. They can choose from the patterns in the world and lengthen their time horizons. This individual power leads to others. It leads to self-control, the ability to formulate strategies in order to resist impulses. If forced to choose, we would all rather our children be poor with self-control than rich without it.
Control of attention is the ultimate individual power. People who can do that are not prisoners of the stimuli around them. They can choose from the patterns in the world and lengthen their time horizons. This individual power leads to others. It leads to self-control, the ability to formulate strategies in order to resist impulses. If forced to choose, we would all rather our children be poor with self-control than rich without it.
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It leads to resilience, the ability to persevere with an idea even when all the influences in the world say it can’t be done. A common story among entrepreneurs is that people told them they were too stupid to do something, and they set out to prove the jerks wrong.
It leads to resilience, the ability to persevere with an idea even when all the influences in the world say it can’t be done. A common story among entrepreneurs is that people told them they were too stupid to do something, and they set out to prove the jerks wrong.
-It leads to creativity. Individuals who can focus attention have the ability to hold a subject or problem in their mind long enough to see it anew.
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Along Brooks' point above, there's a story about Warren Buffett and a dinner party he attended. The host asked the table: "What factor is the most important in your success?" Buffett answered “focus.” Notably, one other guest at the dinner had the same answer: Bill Gates.
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Video: Training Our "Focus" & Transforming Our Experiences
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Daniel Goleman also chimes in with something he thinks should be added to Gladwell's work:
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There’s little doubt that the mix of such lucky circumstance and personal backgrounds matter for success. But there’s more to the story. A maxim of social science tells us that in some respects, every person is like every other person, like some other people, and like no other person. Gladwell has unpacked the middle range of factors, the ways certain groups or cohorts experience unique circumstances that can, with a bit of circumstantial luck, make them hugely successful.
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But here’s where the rest of the story starts. Gladwell says nothing about individual differences within those groups or cohorts – why only some in that fortunate group go on to great success. He does not raise the next set of questions like: Why didn’t all the members of the school club that gave the young Bill Gates that early access to a computer become billionaires like him? Or why didn’t all the Jewish lawyers born in 1930 become huge successes like the handful of cases Gladwell focuses on?
But here’s where the rest of the story starts. Gladwell says nothing about individual differences within those groups or cohorts – why only some in that fortunate group go on to great success. He does not raise the next set of questions like: Why didn’t all the members of the school club that gave the young Bill Gates that early access to a computer become billionaires like him? Or why didn’t all the Jewish lawyers born in 1930 become huge successes like the handful of cases Gladwell focuses on?
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Here a good part of the answer no doubt can be found in which individuals among those groups has a higher level of competencies like adaptability and initiative, the drive to continually improve performance, and empathy skills like sensing how another person thinks or feels. Such abilities give a person the drive to achieve, the initiative and the interpersonal effectiveness that success in a field like software (drive and initiative) and law (add in interpersonal effectiveness) require.
Here a good part of the answer no doubt can be found in which individuals among those groups has a higher level of competencies like adaptability and initiative, the drive to continually improve performance, and empathy skills like sensing how another person thinks or feels. Such abilities give a person the drive to achieve, the initiative and the interpersonal effectiveness that success in a field like software (drive and initiative) and law (add in interpersonal effectiveness) require.
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A massive amount of data collected by companies on their own people suggests that such personal abilities are the secret ingredient in success over and above those Gladwell describes so ably. The data I’m referring to derives from “competence modeling,” in which companies systematically analyze the abilities found in their stars (those in the top ten percent of performance by whatever metric makes sense for that specific job or role) but not found in counterparts who are mediocre. A goodly amount of these abilities – like initiative, the drive to achieve, and empathy — are in the emotional intelligence domain. Competence studies show that the higher a person goes up the organizational ladder, the more prominent the role these personal abilities play in performance. In other words, the more successful someone is, the greater the contribution of this skill set to his or her triumph.
A massive amount of data collected by companies on their own people suggests that such personal abilities are the secret ingredient in success over and above those Gladwell describes so ably. The data I’m referring to derives from “competence modeling,” in which companies systematically analyze the abilities found in their stars (those in the top ten percent of performance by whatever metric makes sense for that specific job or role) but not found in counterparts who are mediocre. A goodly amount of these abilities – like initiative, the drive to achieve, and empathy — are in the emotional intelligence domain. Competence studies show that the higher a person goes up the organizational ladder, the more prominent the role these personal abilities play in performance. In other words, the more successful someone is, the greater the contribution of this skill set to his or her triumph.
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- How Do You Get To Carnegie Hall? Talent
Link to article: How Do You Get to Carnegie Hall? Talent The 8-year-old juggling a soccer ball and the 48-year-old jogging by, with Japanese lessons ringing from her earbuds, have something fundamental in common: At some level, both are wondering whether...
- Why The 10,000-hours Rule Can’t Make You Warren Buffett
I don’t agree with everything in this article. While I do agree that the nature part of ‘nature + nurture’ does need some minimum level, I think nurture is much more important than I think this article implies, and am more in line with most of what...
- Expert Enough Show Ep. 6 - 10,000 Hours Of Golf With Dan Mclaughlin
In this episode of The Expert Enough Show, Corbett Barr sits down with Dan McLaughlin of TheDanPlan.com to find out. Dan is testing the 10,000 hour rule by trying to become a professional golfer through 10,000 hours of deliberate practice. His goal...
- The Dan Plan: Testing 10,000 Hours To Expert Performance
A big thanks to Will for passing this along! Link .......... Site: The Dan Plan .................... Related previous posts:The truth about grit - By Jonah LehrerWhat it takes to be greatRelated papers:“The Role of Deliberate Practice in the Acquisition...
- Talent: A Difference That Makes A Difference - By Greg Downey
Thank you Miguel for finding this! Malcolm Gladwell’s thoughts on this topic in his book Outliers are interesting as well. Here’s a quote from Gladwell on talent that may be a useful one to review before reading this article: “Talent is the desire...