Before practice, opportunity, and luck can combine to create expertise, the would-be expert needs to demythologize the achievement of top-level performance, because the notion that genius is born, not made, is deeply ingrained
And here’s the difference between the bursting of true stock market bubbles and other stock market routs. When the Dot Com bubble burst it took many many, years for the fallen to recover.
The most successful sailors are those who have a particular mindset in how they deal with the setbacks.
If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original.
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
It is only by working at what you can’t do that you turn into the expert you want to become.
The subjective confidence we have in our personal level of skill is absolutely no guide as to whether we actually have the skill.
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