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As unexpected as it may be, in a discipline overwhelmingly governed by data-driven analysis and economic laws, financial success ends up not being a hard science. It is a soft skill often based on behaviour rather than knowledge. Driven by patience and discipline, it is an art that requires relentless safeguard against damaging urges. Where pure luck is underestimated, it is more comfortable convincing ourselves that financial outcomes are in the hands of intelligence and effort. The sense of control is reassuring. Effective financial behaviour is not a talent nor a mental state. It is a lingering expertise that is teachable to the extent of one’s openness to being taught.
