Vigilante
Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Fastlane!
Read Unscripted!
So last year I picked up the book David and Goliath: Underdogs, Misfits, and the Art of Battling Giants
by Malcolm Gladwell. Three chapters in, and I literally got up from the chair I was sitting in and threw the book in the garbage. He spent the first three chapters of the book I would never finish talking about how once you have reached a certain amount of income, then unhappiness and discontent follows. I can't remember his specific junk science, but the amount for maximum happiness was somewhere south of $100k (I want to say $80k).
Now comes this. A statistic I have quoted many times about "10,000 hours of practice" from Gladwell's Outliers: The Story of Success and it turns out Gladwell got that wrong also.
http://www.inc.com/nick-skillicorn/...iginal-stu.html?cid=sf01002&sr_share=facebook
From the article:
"...the authors behind the original study on which Gladwell based his figures now claim that his interpretation wasn't actually very accurate."
"Fundamentally, 10,000 hours of practice will actually only keep you level on average with everyone else working toward your same goal. At most stages in your life, if you're committed to practice and improvement, that figure means you'll be ahead of about half of your competition, but still be behind the other half."
There's merit to understanding the original study, and like in all things... trust but verify. It comes as no great surprise to me after reading his fundamental errors chronicled in David and Goliath that a portion of his lifework manifesto was based on faulty understanding and interpretation on his part.
But hey... it sells books.
I haven't read it yet but here is a new book by the original creators of the study by which Gladwell created his errant summation:
https://www.amazon.com/dp/0544456238/?tag=tff-amazonparser-20
by Malcolm Gladwell. Three chapters in, and I literally got up from the chair I was sitting in and threw the book in the garbage. He spent the first three chapters of the book I would never finish talking about how once you have reached a certain amount of income, then unhappiness and discontent follows. I can't remember his specific junk science, but the amount for maximum happiness was somewhere south of $100k (I want to say $80k).
Now comes this. A statistic I have quoted many times about "10,000 hours of practice" from Gladwell's Outliers: The Story of Success and it turns out Gladwell got that wrong also.
http://www.inc.com/nick-skillicorn/...iginal-stu.html?cid=sf01002&sr_share=facebook
From the article:
"...the authors behind the original study on which Gladwell based his figures now claim that his interpretation wasn't actually very accurate."
"Fundamentally, 10,000 hours of practice will actually only keep you level on average with everyone else working toward your same goal. At most stages in your life, if you're committed to practice and improvement, that figure means you'll be ahead of about half of your competition, but still be behind the other half."
There's merit to understanding the original study, and like in all things... trust but verify. It comes as no great surprise to me after reading his fundamental errors chronicled in David and Goliath that a portion of his lifework manifesto was based on faulty understanding and interpretation on his part.
But hey... it sells books.
I haven't read it yet but here is a new book by the original creators of the study by which Gladwell created his errant summation:
https://www.amazon.com/dp/0544456238/?tag=tff-amazonparser-20
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today