I liked the video Peter, my son, showed to me that unwrapped the meaning of “Deliberate Practice.” I was always struggling with understanding of what it meant.

Here it is:

1. Multiple attempts
2. Immediate feedback
3. Valid Environment
4. Stepping out of comfort zone on subsequent attempts

Conclusions

• If even one of these items is not present it means one is not getting an expert in whatever they’re doing:
  • Gamblers have 1 and 2, but not 3 and 4
  • Traders have 1, 2 and 4, but not 3
• It’s incorrect to compare sport and business because of 2 and 3