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There is one important characteristic about learning for most learners: We tend to take most seriously that which costs us the most.
As a psychotherapist I make sure that people pay enough that they take the therapy seriously. Even in my pro bona work I make sure the people pay something for just this reason.
I and a few others on this list have gone for training with a retired trader, who charges a significant fee. The fee is significant to us, but not that significant to him given his resources. This arrangement ensures that we take the learning very seriously.
In theory, I think free is best, but most of us won't value it without paying for it...
Steve
On Sat, 19 May 2001, DH wrote:
>
> > Laudible characteristics.
> > Several of the characteristics lacking are:
> > Honesty, Vulerability, and
> > guilessness in the case of transmitting knowledge and technique.
> > Lacking the above the mentor-prote'ge' relationship in this business will
> > sour rather quickly, when the
> > master say's, "Put another dime in the record machine. "
> > When the Mentor is partially motivated by being needy upon the student for
> > his/her livlihood, the relationship is poisonous..
>
> Yep. Unfortunately, there seems to be an inverse relationship between
> the amount charged and the quality of instruction. The very best stuff
> is free. I look at it this way. If a trader has been in the business for
> xx years, and is good at his craft, he is making enough that he has no
> need for the chump change of student tuition. If he is charging the big
> bucks for tuition, he is probably depending on that for his income,
> rather than the profits from his trading. You need to ask yourself why
> that is. One possibility is that he is not as great a trader as he
> claims and finds it easier to make money teaching. There are some great
> traders who get personal satisfaction from teaching. They don't need the
> money and they don't charge anything. Look at the stuff Tim posts on his
> web page as an example. He uses the internet as an easy way to
> communicate with as many people as possible and it's all free. Even
> Mark, with his own unique style <g>, gives away a lot of good stuff for
> free. Contrast that to those who drop vague hints about "secret
> knowledge" and refuse to impart their "knowledge" unless you pay (and
> pay and pay). It's pretty clear to me who is motivated by a sincere
> desire to help and who has other motives.
>
> --
> Dennis
>
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>
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