Timeless wisdom with nurture trumping nature in TurtleTrader.
Nick: Michael, And another thing – have you read this book, English top ranking table tennis player who challenges the regular view of natural talent for the 10,000 hours of hard work and experience? I saw him present on Friday evening, very inspiring.
Nick: I will see if I can get one, it was videoed.
A few weeks later:
Nick: Mike, Sorry for the delay. Link attached [is] for the introduction to the presentation that I attended, you will see he is very eloquent and [a] polished performer, this video is disappointingly short, if you are interested I will dig out a longer version.
John B. Watson, psychologist, and founder of “Behaviorism” once offered:
“Men are built, not born. Give me the baby, and I’ll make it climb and use its hands in constructing buildings of stone or wood. I’ll make it a thief, a gunman or a dope fiend. The possibilities of shaping in any direction are almost endless.”
I thought of this quotation today due a phone call. The caller wanted to know why the Turtles today have differences in performance. Two issues for consideration:
1. Some Turtles like Jerry Parker have chosen a path of less risk and less return. Some like Tom Shanks have stayed true to their higher risk/reward roots. Even though they have made different choices they are BOTH still trend following Turtle traders!
2. Beyond risk/reward choices, chapters 11, 12, 13 and the afterword of my book lay out a clear picture why some Turtles made it and some did not.