Trading Education: Techniques or Insight?
Friday, June 17, 2011 at 12:22PM
Michael Bigger

I read this passage from Howard Marks’s book titled The Most Important Thing: Uncommon Sense for the Thoughtful Investor:

In my view, that’s the definition of successful investing: doing better than the market and other investors. To accomplish that, you need either good luck or superior insight. Counting on luck isn’t much of a plan, so you’d better concentrate on insight. In basketball they say, “You can’t coach height,” meaning all the coaching in the world won’t make a player taller. It’s almost as hard to teach insight. As with any other art form, some people just understand investing better than others. They have—or manage to acquire—that necessary “trace of wisdom” that Ben Graham so eloquently calls for.

This comment got me thinking about trading education:

Help me clarify my thoughts on the subject.

Written by Michael Bigger. Follow me on Twitter and StockTwits.


P.S. I want to thank Todd Sullivan for introducing me to Howard marks' book

Howard Marks, The Most Important Thing: Uncommon Sense for the Thoughtful Investor (New York: Columbia University Press, 2011), Kindle edition, 2.

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