As mentioned yesterday, I’ve not been writing lots, poetry or prose, due mostly in part to power learning investing in the stock market. It’s long, long overdue I should have done this and lost a lot of opportunities in not having done it earlier, if I had generally taken the “safe” route. Mind you, what I learned recently wasn’t easily, and possibly as nicely, available just several years ago, so I might have been disastrous at it for all I know. Hence, I won’t berate myself too much on the cost of my procrastination as lately as the winter of 2020 when I was going to do this, and ended up learning all the world art history available on Khan Academy. But now that I feel I have a good grasp of things, I’m going to write about it. Why? CERTAINLY NOT to give advice! That’s for sure! No. Why I’m going to be writing about it is from a Chinese philosophy near and dear to my heart, which says you don’t truly know something until you can teach it. Now, I’m not going to “teach” all of investing in this and future posts about investing. No. Far from it! There are great full courses online like Wall Street Survivor where you can get all the info. I’m just going to “teach” my approach, which pulls out the most essential information from all that craziness, and why it’s “good”. Hopefully, with time, I’ll also be able to prove it with data on my outcomes, because getting rich slowly isn’t hard. It’s only trying to get rich quickly that is. So let’s get started!
Sports where you have to try to get a “ball” and/or person past another person.
Invasion sports are team games in which the purpose is to invade the opponent’s territory while scoring points and keeping the opposing team’s points to a minimum, and all within a defined time period.
But I like it less because points are generally a given, so is getting more points or minimizing points against, to try to win, along with a time period. But that’s organized sports for you. You can just play and go with the first definition I have.
From a long and engaging episode of the Rich Roll podcast with remarkable research by David Epstein on why generalists beat specialists. You have to listen to this research in this age of hyper-specialization that may be good for some niche things, but leaves us worse off overall. A balance can and should be struck, as with everything, but if you want to be the best you can be, go be more of a generalist than a specialist.