I got some emails last week from subscribers who really want to master modeling.
OK. So you want to master a skill. How are you going to do it?
You better be able to answer that.
Two syllables: practice.
Practice the modeling skills. Like crazy.
Here’s a primer so you have them on the tip of your tongue.
Figure out a skill you want to master. It can be anything. Public speaking, juggling, negotiating, hiring, hypnotizing, surfing, playing basketball, investing, firing, writing, and so on, ad infinitum.
Now, identify someone to model.
If you want to master juggling, identify a master juggler. If you want to master investing, find a master investor.
Cut a deal with your model. Explain you want to master their skill. Explain to them what they stand to gain from helping you (you did think about that, didn’t you?).
Then, put yourself in their presence while they’re performing.
Critical key: Don’t let them explain to you what they’re doing. If they do, don’t believe a word they say!
You want to absorb what they do, not what they say they do, and even less of the theory or story behind it all. Forget it!
In the case of an investor, sit quietly and watchful behind her as she goes through her stock analysis routine. When in doubt as to what she’s thinking or deciding, gently ask what she’s considering (gently is very important. You don’t want to totally break her pattern or else you might screw up her strategy.). You want to practically become at one with her.
Then, on next passes, you might want to have a laptop with you and go through the motions yourself.
Repeat until you feel you’re analyzing stocks just like her.
How would you know you got it? When you conduct an analysis by yourself, show it to her and she says: “That’s exactly what I would have picked.”
Then, you can go on to code your model and make it explicit using NLP.
That’s the straight line to modeling a pattern.
Now that you know, go do it.