Episode 12: Stages of Competence for Trading & Beyond
Podcast: Play in new window | Download (Duration: 1:02:48 — 86.3MB)
In this episode of The Wall Street Coach Podcast Kim and Lucas discuss learning anything new using the four stages of competence model, as well as understanding one’s own competence by gauging one’s circle of competence. Noel Burch is widely credited with creating and first utilizing the four stages of competence model. The circle of competence model was developed by Warren Buffett and Charlie Munger and Kim experienced it when she did the Landmark Forum.
References and Mentions:
Stanford Blog – How We Learn Anything New, and the Importance of Focusing on Practice https://swsblog.stanford.edu/blog/how-we-learn-anything-new-and-importance-focusing-practice
Sahil Bloom Twitter Thread on the Circle of Competence
Circle of Competence 101
Warren Buffett and Charlie Munger often reference the importance of knowing the boundaries of your circle of competence.
But what is a Circle of Competence and how does it work?
Here's Circle of Competence 101! pic.twitter.com/KCLwyczlx8
— Sahil Bloom (@SahilBloom) January 6, 2021
Becoming Warren Buffet
https://www.imdb.com/title/tt6438096/
Eckhart Tolle – The Power of Now: A Guide to Spiritual Enlightenment
Adyashanti – Falling Into Grace
https://www.adyashanti.org/store/publications/books/falling-into-grace-535
Jed McKenna – From a Spiritual Master Unlike Any, A Spiritual Masterpiece Like No Other
https://www.wisefoolpress.com/damnedest/
Cindy Wigglesworth – Deep Change
https://www.deepchange.com/about/cindy_wigglesworth
Sadhguru
https://isha.sadhguru.org/us/en
Arthur Miller – After the Fall quote
http://www.elise.com/q/quotes/arthurmiller.htm
Brene Brown https://brenebrown.com/books-audio/
The Mask You Live In
http://therepresentationproject.org/film/the-mask-you-live-in-film/