Monday, February 08, 2010

The Essence of Greatness

What makes for greatness in different fields of endeavor? What distinguishes those who are good at what they do from those that reach truly elite levels of performance?

Here's an excellent article that highlights one of the important secrets of greatness: the role of practice and hard work.

In my book Enhancing Trader Performance, I describe the achievement of Zohar Sharon, an accomplished golfer who is also blind. His coach, Ricardo Cordoba-Core, required Sharon to practice his swing for months before ever getting onto the golf course. Indeed, he placed a pole next to Sharon so that, if Sharon swung the club the wrong way, he would smack the pole.

Practice. Feedback. Further practice.

But how could Sharon possibly aim his shots toward the hole?

His coach stood by the hole and clapped his hands. Sharon thus compensated for his lack of visual ability with a superior auditory capacity. He swung for the sound, and he swung flawlessly after extensive practice.

Surely this is one of the secrets of greatness: building strengths with continuous effort and learning and sustaining the learning with a process that generates ever-greater experiences of accomplishment and mastery. Because the practice is intrinsically rewarding to the performer, it is not tiresome or effortful to sustain the learning process. Indeed, it's not so much that the elite performer has a drive to succeed as the drive has taken over the performer.

So much of greatness boils down to exponential learning under conditions of flow: we absorb learning when we are truly absorbed in the process of performance.

.

4 comments:

Flowtastical said...

I think effective learning is the key. you must do the right things every day. what do we as traders have to do every day to get better?

Steve Willette said...

Excellent article. Thank you so much for posting it. I think we live in a society where people believe they should be able to master a pursuit in weeks without hard work. The "Fast Food/Microwave" mentality. As someone that has been trading the Forex part time for 2 1/2 years, I still make rookie mistakes and feel I need to put even more time observing and practicing. The article has encouraged me to hang in there even if it takes a few more years to master trading the Forex. The4xJournal

Nigam Arora said...

You are right on. As i read your post, I was reminded of how I developed ZYX Change Method for Trading and Investing. Take a look
at http://www.thearorareport.com/ZYX%20METHOD.htm
and my background at http://www.thearorareport.com/ABOUT%20NIGAM%20ARORA.htm

You will see another real life example of what you are writing.

Nigam Arora

Nigam Arora said...

To add to my previous comment, please feel free to contact me at
nigam@theAroraReport.com