At the start of our investment journey, we tend to get really enthusiastic. This motivation is useful in helping us learn basic concepts quickly. This is the point in which 80% of the knowledge can be learnt in 20% of the time – A common 80/20 rule. As we repeat the same investment approach over and over again, our learning starts to “stall”. It is human to want to shift our attention to other investment approaches in order to get back the “ growth excitement”. What many failed to realise is that after the “stall”, there will be an inflection point that will drive our learning curve back up again. This would also enable us to gain deep proficiency. 

This was well summarised by the “Bipolar Learning Graph” from Timothy Ferris in “The 4-Hour Chef” (This is an affiliate link. See disclosure below.). It was interesting how Tim explains...