Kid demonstrates outcome of overconfidence

Written and accurate as at: 10 August 2010

One of the more intuitive things to determine in life is what we are capable of and what we are not.

Importantly, just because someone is not capable of something today, it does not mean it will be that way forever.

In saying that, going from zero to hero is a rare accomplishment, with significant risk for anyone who tries.

For example, going from share novice, to storming day trader is about as likely as going from a beginning swimmer to a big wave surfer.

Calibrating confidence is an important skill in order to develop ourselves in a risk managed way. Such a concept is critical for effective financial management, mitigation of financial risk, and healthy relations with loved ones around money and finance.

Good chance the young man in this video will test the strength of his landing platforms next time around!

Read article on calibration of confidence and young drivers.  

Read article in share trading and calibration of confidence.