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What Creates Greatness

January 25, 2015

 

What creates greatness?

 

What made Muhammed Ali one of the greatest boxers in history?  

 

What made Ted Williams one of the greatest hitters in the history of baseball?

 

What made Shakespeare one of history’s greatest writers?

 

How did Carnegie become one of history’s greatest businessmen?

 

The typical answer that most people give is that greatness is born. Nature blesses a few great men with some sort of innate gift that allows them to excel at what they do – Shakespeare entered the world with a peerless writing talent, and Williams was born to swing a bat. Under this view, you’re either born with talent and destined for greatness or born without talent and destined for a life of mediocrity.

 

There’s one small problem with this view of greatness: there isn’t much science to back it up.

In fact, studies show that greatness and excellence aren’t “a consequence of possessing innate gifts and talents.” Rather greatness is the result of years and years of enormous amounts of hard, painful work. Ted Williams spent hours hitting baseballs, and Carnegie spent his entire adolescence learning how to network and developing his prodigious memory, skills that would turn him into a mind-bogglingly wealthy captain of industry.

 

Studies have demonstrated that young prodigies excel not because of some kind of mystical innate talent but on the merits of pure hustle. Mozart wrote his first masterpiece at 21. That’s pretty young. But people often forget to mention that he had spent the previous 18 years of his life studying music under the tutelage of his father. Mozart had been paying his dues since he was three years old, and it paid off big for him.

 

In short, great men and women aren’t born; they are made, and they’re made through the process of deliberate practice.

 

What Is Deliberate Practice?*

 

In the book Talent is Overrated, Fortune Magazine editor Geoff Colvin highlights recent studies that show that greatness can be developed by any person, in any field, through the process of deliberate practice. How does one practice deliberately? Colvin proposes five elements that allow a man to practice deliberately and thus achieve greatness.

 

1. Deliberate practice is an activity designed specifically to improve performance, often with a teacher’s help. Most people practice by mindlessly repeating an activity over and over without any clear goal of what they want to accomplish. For example, let’s say a man wants to improve his golf game. If he’s like most men, he’ll just go to the driving range and hit a couple of buckets of balls without thinking much about specific ways he can improve his swing. Three hundred balls later, this man hasn’t improved at all. In fact, he may have gotten worse.

 

Deliberate practice, on the other hand, is designed with clear objectives and goals. When top performers practice, they break down their skill into sharply defined elements. After breaking down a skill into parts, a top performer will work intently on the element they need to improve most. During the entire practice, they focus solely on that one aspect.

 

Take the golfing example again. Instead of just going to the driving range to mindlessly hit golf balls, break down your golf swing into different elements – body alignment, club-face alignment, grip, back swing, down swing, etc. After breaking down your golf swing into specific parts, go to the range and spend an hour focusing on just one of those elements. Keep working on that one element until you’ve made improvement, then move on to the next one.

 

Carrying out practice sessions in this deliberate fashion is a skill that takes time to develop. That’s why having a teacher help you design your practice sessions which can be invaluable. They have the knowledge and expertise to break your skill down into specific elements. Teachers can also see you in ways you can’t see yourself and can direct you to focus on the elements that you need to work on most.

 

Unfortunately, many people have the tendency to think they’ve outgrown the need for teachers or coaches. We think it’s a sign of weakness to ask for help. But asking for help will only make you stronger and better. There’s a reason the best golfers in the world continue to have coaches and the most successful businessmen seek the advice of mentors throughout their career. They understand the power of an outside eye and opinion in their personal growth. Don’t let your pride get in the way of your success. Stay humble and hungry.

 

2. The practice activity can be regularly repeated. The world’s top performers spend years of their lives practicing. Ted Williams, one of the greatest hitter in baseball history, would practice hitting balls until his hands bled. Basketball legend Pistol Pete Maravich would go into the gym on Saturday mornings and practice shooting from a specific spot on the court until the gym closed at night. To be the best, you have to put in the time. In fact, if you want to become an expert in your field, you’ll need to put in at least 10,000 hours or 10 years of practice first.

 

In Malcolm Gladwell’s book, Outliers, Gladwell describes a psychology experiment done in the 1990s to see what created world class musicians. Psychologist Anders Ericsson went to Berlin’s Academy of Music and divided the school into three groups: the stars, the “good” performers, and those who were unlikely to ever play professionally and would probably become music teachers. They were all asked the same question: “Over the course of the years, ever since you picked up a violin, how many hours have you practiced?”

 

All the violinists had started playing at around age five, and they all played about two or three hours a week during their first few years. However, around the age of eight, an important difference began to emerge in the amount of hours they each practiced. By age 20, the stars in the group had all totaled 10,000 hours of practice over the course of their lives; the “good” students had totaled 8,000 hours, and the future music teachers just over 4,000 hours.

 

Nobel Prize winning psychologist Herbert Simon and William Chase found similar results in their study of world-class chess players. They found that no one seemed to reach the top ranks of chess without at least 10 years of intensive study and practice. The “ten-year rule” cuts across disciplines, too. Top musicians, athletes, scientists, and authors don’t reach the top until after they’ve put in around ten years of work and practice.

 

There are no short cuts to success. If you want to be the best you can be, you’ll have to commit yourself to years of repeated practice.

 

3. The practice activity provides feedback on a continual basis. Constant feedback is crucial for improvement. You have to see the results of your efforts to evaluate if the way you’re doing things is working or if you need to change things up to improve. Moreover, without feedback during practice you’re more likely to lose the motivation to keep at it. During your practice sessions, constantly stop and look for feedback. With some activities, getting feedback is easy. For example, if you’re practicing your jump shot for basketball, if the ball goes through the net every shot, you know you’re on the right track. If you brick it every shot, that’s feedback that you need to change things up.

 

You might have a more difficult time getting feedback for activities that require a subjective evaluation. Music, speaking, and job interviewing are examples of this type of activity. For activities like these it’s a good idea to get a third party’s opinion or a mentor’s input.

 

4. Deliberate practice is highly demanding mentally, whether it’s purely physical or mental. This factor separates deliberate practice from mindless practice. When you’re practicing deliberately, you’re focusing and concentrating so much on your performance that you’re mentally exhausted after your practice session. Deliberate practice is so demanding mentally that studies show that “four or five hours a day is the upper limit of deliberate practice, and this is frequently accomplished in sessions lasting no longer than an hour to ninety minutes.”

 

Thus, a good way to gauge if your practice is hitting the deliberate practice zone is to ask yourself how you feel after a practice session. If you feel absolutely bushed after just an hour, chances are you practiced deliberately.

 

5. Deliberate practice isn’t much fun. Most people don’t enjoy doing activities that they’re not good at. It’s no fun to fail over and over again and receive criticism on how you can improve. No one likes to be humbled like that. We’d rather do stuff at which we excel because succeeding is enjoyable, and it strokes our egos. Yet deliberate practice is specifically designed to focus on things you suck at and requires you to practice those skills over and over again until you’re mentally exhausted. What a buzz kill.

 

But according to Dr. Ericsson, in order to practice deliberately, practice sessions have to feel like drudgery. The ability and willingness to slog through this “dead work” is what separates the greats from the mediocre. The old saying goes: “If it was easy, then everybody would do it.” The same goes with deliberate practice. If it were fun and easy, then everyone would do it and be great at whatever they tried. But deliberate practice isn’t fun, which is why we live in a world with only a few greats and hundreds of millions of others who simply wish they could be great.

 

In our arena of trading as in sports, music, or any other business, deliberate practice is essential to unlocking "talent".  Trading is a performance activity with the results being in dollar terms.  We get immediate feedback whether what we are doing is working or not.  We love the fact of breaking down our trading into components to work on individually in order to fully maximize the learning in each element.  

 

How else are we going to reach our goals of being the best?  And if we don't strive to be the best at what we do, then what is the point of doing it at all?  At least that is our thought.

 

What sort of deliberate practice could you initiate in your business or life?  If you studied the greats in your industry, what sort of activities do you think they have done to get to their level of achievement?  I think you will find that deliberate practice, whether they knew they were doing it or not, was a large part of the success.

 

We love to hear feedback.  Let us know what you think.

Best

RM

 

*Deliberate practice synopsis by Brett and Kate Mckay. Nov. 7, 2010

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