Perspective:

“A lifetime of outperforming the markets is unattainable for most. But a lifetime of self-improvement and the acquisition of skill and knowledge – that’s available for anyone who’s willing to go for it.”

-Josh Brown, The Reformed Broker

 

Discuss . . .

Category: Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “Self-Improvement & Skill Acquisition”

  1. lburgler says:

    I’m sorry, but opportunity matters too. And, no it’s not all about finding the opportunity. I mean, yes, if you are a dogged relentless go-getter, you may still get ‘it,’ but it may take you friggin forever, and by then you’ll be years behind in your potential for principal injections, nevermind outperformance.

    Why do we have this obsessive need to believe that success is inevitable if we try. Obviously one should try. Finding excuses not to try is lazy and idiotic and eventually ruinous, but you may try, and you may still fail.

  2. Aaron says:

    Agree wholeheartedly!

  3. CD4P says:

    There’s got to be a bunch of jaded computer programmers about who trained for hot fields only to see their positions shipped overseas to cheaper labor. They experienced rebirth with the application revolution, but now the problem is standing out amongst a gazillion hopefuls all trying to catch on. Compare that with the career arc of the car wash help turned mortgage originator…

  4. stefan schmiedberg says:

    I agree with Josh and Iburgler’s assertions. It takes will/commitment, massive self-study and opportunity to make it in the markets. It also takes a little bit of a fourth and fifth thing, and that is a dash of natural talent plus a huge amount of self control. I don’t think that Dan Zanger or Nicolas Darvas could have achieved their accomplishments without all five.

  5. WallaWalla says:

    I agree with Mr. Brown’s statement. It is immensely satisfying to attain new knowledge or master a new skill. It is important to continue doing these things for one’s own personal enlightenment. That said, whether the markets efficiently recognize such talent and tenacity and gives it opportunity is much less clear.

  6. Robert M says:

    Sine qua non for a trader/thinkers. Again thank you for the introduction to Farnamstreetblog.