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Re: User-65225 post# 125546

Thursday, 04/08/2010 12:06:37 AM

Thursday, April 08, 2010 12:06:37 AM

Post# of 241037

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime"



I can vouch for missing opportunities by not taking time to pay attention to the little things, but then again - I can look back and say I was young (and partially nearsighted or dumb). lol

Some in my trade and some right under my nose! I missed the multi-baggers. Or gave up way too quick.

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I ran across this concept about a year or so ago and it started to make sense to me - based largely on Malcom Gladwell's essay, Outliers

http://brothersjudd.com/index.cfm/fuseaction/reviews.detail/book_id/1731/Outliers.htm

success depends to a large extent on being in the right place at the right time. The second is that becoming proficient at something requires putting in 10,000 hours of practice. The two are interrelated because the circumstances of the first are often what give you the opportunity to get in the second.



example: as a graduate with a major in accounting and minor in computer science; the real world of accounting didn't really start to "click" until about the 4th or 5th year at the CPA Firm. working 2,000-2,500 hours a year, i realized now i reached the 10,000 hours of "practical" experience between that time (that was about 12-13 years ago for 10,000; now i'm probably at 40,000+ hours in business lol)

dabbling in stocks for the past 14-15 years, more seriously in the last 5, i probably past 10,000 hours there as well couple years ago...and certain things start to make sense.

but there is always more to learn, one shouldn't be happy where they are at (or stop trying/learning) imo......I just picked up TA past year as part of my arsenal - I was mostly fundamental before (still am but TA is a useful tool). still not sure why i'm still in pinks year later..but WNBD is very attractive, and cut above imo.

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Rocketstocks displays the 10k hours requirement to me, he has a knowledge and its relevant and one can learn from/by it. That's just natural. Others are noteworthy as well to me, just maybe not as vocal.

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Unfortunately we probably learn more from mistakes and errors then our successes (oh and I still remember the mistakes lol). But it's fun to take that knowledge and make success successful for oneself, but also others when circumstances arrive.

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There is a reason many don't beat the market. It's time consuming and hard work. Fishing isn't easy. There are better days or lures depending on conditions, but it still involves a great deal of time, patience and understanding of various things (conditions, environment, surroundings, targets, season, depth, etc.).

WNBD looks prepared to go fishing in the USA in 2010 for some major catches. I think they are going to catch a lot of fish. Chances look very good imo, especially for a big one here and there.

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okay next post I'm going back to farming metaphors and analogies lol






Do your own due diligence; factors and conditions can change daily