Ep. 1139: Tail Risk Thinking with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Deliberate Practice
The key idea of deliberate practice is that you're trying to do something that you can't do well. By figuring out ways that you can do this better, you will now basically raise your performance through level that you didn't have before. And I think chess becomes a fantastic example. It's not about just looking at all the individual pieces on the boards, they're thinking in patterns. They've developed and they've pushed themselves over so much time that their ability as a chess grandmaster was based on pattern recognition.
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