"Theory is
good for the intellect, but action is good for the soul. It's also good for
your mental health, your physical health, and your
pocketbook." - Robert Ringer
"First, do not be invested in the market all the time. There are many times
when I have been
completely in cash, especially when I was unsure of the
direction of the market and waiting
for a confirmation of the next move." -
Jesse Livermore
Benjamin Bloom, Dean Keith Simonton, and K. Anders Ericsson have studied elite performers, and their research points to a few commonalities across fields. The elite performer is in his or her niche and so has a strong emotional bond and commitment to self-development. The elite performers are also ambitious: they really care about becoming as good as they can be. Finally, they put large amounts of time into developing themselves. Their practise and work provides them with a sense of “flow”-it doesn’t feel like work to them. the learning of the elite performer is qualitatively different from normal learning. The normal learner learns to do common things well. But the elite performer learns to do uncommon things. The immersion in learning generates an element of creativity. It’s why genius truly is more a function of perspiration than inspiration.