A very short TedTalk from Angela Lee Duckworth on how students of various kinds can come out ahead in their classes by having grit.
This presentation is telling us one important thing – the science is there proving grit is more important than IQ or even talent in many cases if the only thing that matters is to be able to achieve certain level of proficiency, like passing a grade or graduating a class. As oppose to the thinking of the helicopter parents where no failure is allowed, it is actually better to fail and retry so that the mind can grow and improve over time.
It is interesting to learn from the talk that once a group of students realized that our brains actually grow from our experience, their ability to carry on with their learning improves.
Trading skill is definitely one of those skills that require grit more than talent. One just have to realize that it is doable to make it possible. It takes willingness to step out of our comfort zone to try, to fail and to learn from our failures and mistakes so that we grow as a trader. The perseverance will pay off.
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She was my math teacher in high school! She had relocated to San Francisco and taught at Lowell for a couple years.
Read Malcolm Gladwell’s fascinatng chapter, “The 10,000-Hour Rule,” in his book., “Outliers: The Story of Success.”