Blog Episode 12: Stages of Competence for Trading & Beyond

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

Sahil Bloom Twitter Thread on the Circle of Competence

Becoming Warren Buffet

Eckhart Tolle – The Power of Now: A Guide to Spiritual Enlightenment

Adyashanti – Falling Into Grace

Byron Katie

Jed McKenna – From a Spiritual Master Unlike Any, A Spiritual Masterpiece Like No Other

Cindy Wigglesworth – Deep Change


Arthur Miller – After the Fall quote

Brene Brown

The Mask You Live In

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