Tuesday, 2 February 2010

Mastering Your Craft at Stock Picking

The pattern of learning anything begins with theoretical understandings initially and practical understanding later. That is, general principles first, and then particular instances of those principles.

The 10,000-hour rule (i.e. one cannot master a subject or skill until he’s practiced it for at least 10,000 hours) is true.

To be good at picking stocks, a further 40,000 hours of studying it will certainly (all else equal) yield a better stock picker!

However, it would be better to attain 10,000 to 20,000 hours of study or practice in several, related fields.

http://prisonproxy.blogspot.com/2010/02/mastering-your-craft.html

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