10 ideas for what you should know
about skills
- On average, expertise in competitive field is achieved with 10,000 hours of practice
- Nerve fibers and synapses between them improve → better skill
- There is always an opportunity costs, you cannot learn every skill
- You can learn by watching, you have mirror neurons, which help you learn
- You learn better when you have breaks
- Right repetitions more important than quantity of them
- Natural style should be developed
- There will be moments of no progress → some changes needed in learning process
- You need good habits for better performance
- Do not try to figure out everything yourself, use coaches/mentors
10 ideas about cycles
- Everything has cycles
- Time of recovery is important part of performance cycles
- You need to know your own cycles to make better decisions
- Debt cycles should be divided to short-term and long-term cycles
- You cannot stay on top of performance cycle all the time
- You learn better when you are on top of your cycles
- Most people do not understand them
- Cycles always come, but they are not equals
- Failure is more probable at the bottom of the cycle
- Biggest damages happen during the bottom
10 ideas about investment clubs
- You may find new perspectives from them
- Not everybody knows what they are saying
- Filter everything
- Do not make any decisions during meeting
- Many have their own agendas
- Do not let ”credibility” fool you, ”smart” answer may sound incredibly convincing
- Concentrate on ideas, not appearance
- If somebody shows their earnings, they must be at least for a 10 year period
- Do no believe any gossip
- Other people´s opinions do not matter, your analysis does
10 ideas for mental models you
should understand
- Inertia
- Cycles
- Edge
- Skills
- The path of lowest resistance
- availability bias
- association bias
- Social proof bias
- Deliberate Practice
- Systems
-TT
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