| Rank (total) | Country | Median Age (years) | Date |
|---|---|---|---|
| 1 | Monaco | 48.9 | 2010 est. |
| 2 | Japan | 44.6 | 2010 est. |
| 3 | Germany | 44.3 | 2010 est. |
| 4 | Italy | 43.7 | 2010 est. |
| 5 | Jersey | 43.4 | 2010 est. |
| 6 | Hong Kong | 42.8 | 2010 est. |
| 7 | Guernsey | 42.7 | 2010 est. |
| 8 | Austria | 42.6 | 2010 est. |
| 9 | Finland | 42.3 | 2010 est. |
| 10 | Greece | 42.2 | 2010 est |
In field after field, when it comes to centrally important skills—stockbrokers recommending stocks, parole officers predicting recidivism, college admissions officials judging applicants—people with lots of experience were no better at their jobs than those with less experience. Talent Is OverratedResearch concludes that we need deliberate practice to improve performance. Unfortunately, deliberate practice isn’t something that most of us understand, let alone engage in on a daily basis. This helps explain why we can work at something for decades without really improving our performance.
Deliberate practice is hard. It hurts. But it works. More of it equals better performance and tons of it equals great performance.Most of what we consider practice is really just playing around — we’re in our comfort zone.
On whether the U.S. needs a more rules-based central bank to provide discipline and protection:“It needs to get out of the central planning business. The Fed was organized in1914 and opened its doors to conduct a more or less traditional central banking business, meaning it would lend against good collateral to solvent institutions in times of cyclical or seasonal need. It would defend and protect the gold dollar. That was all that its original remit contained. fast forward many decades, and we see the Fed in the business of steering, guiding, manipulating the economy, financial markets, the yield curve. It manipulates and pegs interest rates. It is all over the joint doing what failed in the old eastern bloc.”
http://www.zerohedge.com/news/jim-grant-refuses-get-lost-hall-mirrors-market“What we need is a central bank that has the humility not to do what it cannot do. And the Fed cannot do what others have failed to do, namely to plan an economy from a central desk in the capital city.”
A $300 or a $30 watch both tell the same time!
After disaster I had my first victory ever
The fundamental delusion
Terrible day at the bike
There are two distinct periods in every man’s life:
I finished It
Don't take your girl to a cheap restaurant!
My meeting with David Swensen in 2004
Big Money Thinks Small
If you quit once it becomes a habit
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