1/
How do you get good at really hard skills?

We learn new skills by iterating through a learning cycle, eventually becoming highly skilled through enough reps of this cycle. 2/
Example; Learning to play poker.

Exploration: Read about poker, the rules, strategy, history and current events.

Focused practice: Play poker. Put into practice some strategy you learned.

1/ What does fire have in common with stock market bubbles?

The fire triangle is a simple model for understanding the necessary ingredients for most fires. 2/ The triangle illustrates the three elements a fire needs to ignite: heat, fuel, and oxygen.

A fire occurs when these three elements are present and combined in the right mixture.

1/ In this thread I'll explain a psychological phenomenon we all fall victim to when researching stocks.

Ever heard of the turkey and polecat experiment? 2/ This experiment involves a mother turkey and a polecat, a natural enemy, whose approach triggers fear and evokes a vicious attack by the turkey.

When a stuffed polecat toy was drawn by string to a mother turkey, it received an immediate & furious attack.

1/22 MEGATHREAD: Long $TBR (ASX)

Extremely undervalued #gold play. 17% return p.a compounded over the last 10 years.

Let’s start with some history: 2/ $TBR is a gold producer & explorer listed on the #ASX in 1989. Anton Billis is founder & still CEO. The major asset for $TBR is the East Kundana Joint Venture (EKJV), in Western Australia. $TBR holds a 36.75% interest in #EKJV. Billis first pegged the EKJV in the late 80's.