David Brook from NYT has an excellent article on how ingenuity is probably achieved in any field.
The key factor separating geniuses from the merely accomplished is not a divine spark. It’s not I.Q., a generally bad predictor of success, even in realms like chess. Instead, it’s deliberate practice. Top performers spend more hours (many more hours) rigorously practicing their craft.
Public discussion is smitten by genetics and what we’re “hard-wired” to do. And it’s true that genes place a leash on our capacities. But the brain is also phenomenally plastic. We construct ourselves through behavior. As Coyle observes, it’s not who you are, it’s what you do.
@agwarner I am exactly refering to earnings' reactions this season. In general Realized vol < IV. It has to be for the options mkt to exist 16 hours ago
currently the options market is underestimating volatility: the realized vol has been much higher than IV for many names $call $put 17 hours ago
had problems with my internet connection all morning. did I miss something? 17 hours ago
@ToddSullivan if they r not right, their forecasts will be long forgotten by the time.Media tends to show only those who were right recently 1 day ago
Great performers are made, not born?
David Brook from NYT has an excellent article on how ingenuity is probably achieved in any field.
The key factor separating geniuses from the merely accomplished is not a divine spark. It’s not I.Q., a generally bad predictor of success, even in realms like chess. Instead, it’s deliberate practice. Top performers spend more hours (many more hours) rigorously practicing their craft.
Public discussion is smitten by genetics and what we’re “hard-wired” to do. And it’s true that genes place a leash on our capacities. But the brain is also phenomenally plastic. We construct ourselves through behavior. As Coyle observes, it’s not who you are, it’s what you do.