This Post Will Appeal Most To Guitar-Playing Investors

I subscribe to an email from these folks. I find it useful as a study in how people behave,  and like today, some technical tips too. Click the logo to go to their site. This is the email from Tuesday the 14th. Enjoy


classicalguitarshed.com

[Tuesday Quotes are short explorations of music, life, and the daily endeavor of practicing classical guitar. Find more here. Enjoy!]


“It is not necessary to do extraordinary things to get extraordinary results.”   Warren Buffett


Warren Buffett has become a financial icon. Over his lifetime, he has amassed investments worth billions.

But he’s no wizard. He has no clever tricks. No superpowers.

The key to his long term success is this: He invests in companies with strong foundations. And then he stays with the investments for decades.

It’s said he makes perhaps three decisions a year. He’s not scrolling through YouTube looking for the next big idea. He’s not bouncing from this to that.

Instead, he finds something he believes in, and sticks with it.

In guitar, we can model this. We can do the same. And like Buffett, we’ll see massive returns.

For us as musicians this translates to fundamentals. How do we move our hands? What is our technique? How do we engage the string?

If we can find a trustworthy, safe, reliable strategy for right-hand technique, it’s all we need. We can practice this for a few minutes each day and know that we are laying the tracks for a lifetime of great playing.

In addition to this, we can build the skills that will serve us over the long haul. We can learn to sightread musical notation. We can learn the vocabulary and language of music. We can master rhythm. We can listen to varied styles of music – even if only to understand how it is different than other styles.

And besides focusing on fundamentals, we can identify what NOT to do. We can learn the common mistakes guitarists make. Then we can avoid them at all costs.

These include poor technique and unfocused practice. And bouncing from one thing to the next before seeing the desired results.

Perhaps the biggest mistake we can avoid is an erroneous concept of what guitar practice is. It’s not always entertainment. It’s intentional work toward a future result. It’s solving tough problems. It’s repetition under the microscope. It’s honing and polishing.

Warren Buffett does not jump ship on the days when it doesn’t go well. The days come and go. Some are up and some are down. Guitar practice may be the same in this respect. Some days everything comes together easily. Other days it feels like we’ve regressed.

Over time, the trend is up. And if we hold true to solid fundamentals, we break through all barriers. Obstacles eventually dissolve or detours present themselves.

And if we can continue to show up and sit down with the guitar, we reap the benefits of a life well-spent with music. We enjoy the fruits that only come from the compound interest of deliberate practice over time.


The message in the post applies to much more than investing and guitar playing.

How is life so different? It’s not.

The idea of building your skill is easier if you can see the general case. Foundation – refinement – play beautifully.

It’s easier if you address meaning early on. You need a vision before you build the foundation. Your ethics and standards serve a long time. Your relationship skills matter. Learn the skills for your career. Learn to teach others what you know. It clarifies it for you and often identifies voids and contradictions. Share. Build a network.

Build strong foundations and refine them as you go. As with a building, you don’t need more than one for any aspect of life. You should notice it is costly to change foundations later.

Review your life and see where it worked and what failures appeared when you tried something different.

Playing life beautifully is a stretch goal, but you get closer if you know what you are trying to do and work at it.

 


I help people have more retirement income and larger, more liquid estates.

Call in Canada 705-927-4770, or email don@moneyfyi.com 

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