| There's a great anecdote about George Soros that this reminded me of: Despite the palindrome writing two dense books and conducting numerous interviews on his theory of 'Reflexivity'[0] as essential to his success, Soros' son thinks it really comes down to something like interoceptive ability, which Soros reasons is a combination of "theory and instinct"[1]: . . According to his son, Robert, Soros’s trading was always influenced by more than reflexivity. “My father will sit down and give you theories to explain why he does this or that”, he once said, “but I remember seeing it as a kid and thinking, ‘Jesus Christ, at least half of this is bullshit’. “I mean, you know [that] the reason he changes his position on the market or whatever is because his back starts killing him. It has nothing to do with reason. He literally goes into a spasm and it’s this early warning sign.” Soros has admitted to relying greatly on “animal instincts”, saying the onset of acute pain was often “a signal that there was something wrong in my portfolio”. His decisions, then, “are really made using a combination of theory and instinct”. [0]: http://www.mercenarytrader.com/2014/02/lessons-from-the-pali... [1]: http://bclund.com/2014/08/20/nothing-can-learn-george-soros/ |