Talent/Giftedness In Trading

dbphoenix said:
There was nothing safe about farming for food. Which is why people banded together for mutual defense and protection and usually depended on someone more militaristic to envelop them in a physical envelope, such as a walled city. Those who went it alone out in the boonies were low-hanging fruit.
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Maybe thats why those psychopath/sociopath genes got weeded out. Those folk tend to anti herd and would have got killed off quickly.
 
Gringo said:
I have known identical twins who have different risk tolerances. Evolutionary behavior may have an influence but doesn't explain people from the same family or household having different disposition as regards to risk and decision making.
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You'd have to know what experiences they had from the time they were born. The young of all species are risk-takers. If they weren't, they'd never learn. Most likely they'd die. Which in an evolutionary sense would extinguish the non-risk-taking behavior.
 
dbphoenix said:
That's because risk-aversion is a learned behavior.

As is fear.
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But dbphoenix is right nurture plays a huge role, our belief systems shape our lives, 99% of people believe that they don't deserve to be wealthy/free. They just believe that people on the other side are lucky and it all just fell into their lap.

I don't think that fear is learned behaviour, its present in most animals. If I start letting off an ak-47 at a lions of humans feet both will feel fear.
 
dbphoenix said:
You'd have to know what experiences they had from the time they were born. The young of all species are risk-takers. If they weren't, they'd never learn. Most likely they'd die. Which in an evolutionary sense would extinguish the non-risk-taking behavior.
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But so few continue that mindset through to adulthood. Is it because of parental/school influence ?
 
Fundlord said:
But dbphoenix is right nurture plays a huge role, our belief systems shape our lives, 99% of people believe that they don't deserve to be wealthy/free. They just believe that people on the other side are lucky and it all just fell into their lap.

I don't think that fear is learned behaviour, its present in most animals. If I start letting off an ak-47 at a lions of humans feet both will feel fear.
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The lion might react to the noise, but he wouldn't "feel" fear. That would come later.
 
jimmiebarton said:
Ok, basically agree. but would you grant me this, sociopaths/psychopaths have greater tolerance for risk? yes, or no?

i'm talking independent of your 'bank acct'..not talking good money management here..risk only 1% blah blah i mean ALL IN :)
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Not sure. Is that level of chance actually taking a risk or just plain stupidity?
 
Baron said:
Not sure. Is that level of chance actually taking a risk or just plain stupidity?
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i'll let you have it. i think,however, you play down hard the role of genes in behavior and talent.

after all, bill gates quit the math program when he realized it was not his genes to be

math is talent mostly
 
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There is no talent, nor giftedness, required in trading. All you need is the ability to do basic math and to be able to admit when wrong.
 
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