The Dark Side of Modeling Success

Good Life Project

Jonathan Fields / Acast

Education, How To, Self-improvement, Business, Health & Fitness

4.6 • 3.2K Ratings

🗓️ 6 October 2015

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

What if one of the biggest pieces of "success advice" was wrong?

There's a particular strategy that's become hot in the world of success and personal development. It's been hailed as the secret to accelerated results and success on a level and at a pace, that'd be near impossible without it.

It's called "modeling." On the most basic level, the advice is to find someone who has done what you want to do, deconstruct everything they've done to get where they are, then do those same things yourself.

Problem is, that can be pretty dangerous advice. It can and often does lead not to success, not to a good life, but to a whole lot of angst, anxiety and failure.

Why that happens and what to do about is what we're talking about on today's short and sweet GLP Riff.

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Transcript

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0:00.0	So a bunch of years back, I was kind of a complete dork around the financial market.
0:07.6	I was actually a securities lawyer, but the truth was, my like, secret hidden truth was
0:11.6	that I was less interested in the practice of law, and I was just really fascinated by
0:16.6	the psychology of markets, you know.
0:19.4	What makes them tick, what makes them go out, what makes them go down, what makes them
0:22.6	freak out and move, what makes the people who make them tick, make decisions that seem
0:27.9	to be at times totally rational, at times massively irrational, and it became fascinated.
0:34.1	So I spent years researching and researching and researching to try and find systems,
0:39.9	methodologies.
0:40.9	I would, you know, research and read about the most famous traders in history and how they
0:47.3	developed their systems and their approaches and their methodologies.
0:51.4	And I would talk myself into any room where I could be in the presence of some of these
0:55.8	great traders and learn from them.
0:57.3	I would read every book that I could, I would buy, you know, from newsletters and stuff
1:02.0	like that, all the methodologies.
1:04.6	And what I was really trying to do was understand the psychology, but then find somebody who had
1:09.3	developed sort of a pragmatic, replicable methodology, a system that I knew, you know,
1:15.6	worked.
1:16.6	And then, and then basically take that system and use it myself so that I could start
1:20.4	to trade the markets using a proven methodology.
1:24.3	What I found was that it turned into a big disaster for me and here's why and here's
1:29.2	what happened and here's a little bit of a cautionary note.
	...

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