Nothing But Net: Envisioning Your Investment Success
Visualizing your shots--investment and otherwise--can improve your chances of success.
A group of basketball players were separated into three teams.
Team A practiced taking shots on the court and practiced visualization exercises.
Team B just practiced visualization exercises, seeing their well-tossed ball swish through the hoop.
Team C didn’t do a thing. Just hung out in the locker room and ate pizza, probably. (Man, I wish I was picked for team!)
Then researchers made them take shots out on the court, recording the number of baskets they made.
Needless to say, Team C didn’t exactly light up the boards. In fact, they kind of stunk. And, as you probably guessed, Team A made the most shots.
You would probably guess that Team B did about the same as Team C. I mean, they just sat around and day-dreamed, right?
Not so. Team B almost did as good as Team A. This research suggests that visualizing your goals is a real performance enhancer.
What does this mean for your investing and trading?
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
