Mental Models: Expertise #14

Expertise can serve an investor very well, although it can take 10,000 hours to be a true expert in a particular field. Skills developed in another discipline that has a similar process, can allow an investor to build grit by sticking to a specific discipline, while building a mind set to build towards expertise. Top tip, prioritize sleep because it is restorative and helps with memory and building of expertise. Also, investors will rely on industry 'experts' to understand a particular area, without checking that this individual understand the market, thus their advice may not be useful in the investing forum. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels Behavioral finance advice Visit mentalmodelspodcast.com for more insights. This book will help you overcome the biases that are keeping you from investment success! Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast. Published by Business Expert Press Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE Do you want strategies to make better financial decisions? Do you need a translational guide to Thinking Fast and Slow? Do you want to be a better investor and earn more money? If you said yes to any or all of the above questions then this book is for you! #understandingBehavioralbias