Episode 12: Stages of Competence for Trading & Beyond

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, which was developed by Warren Buffett and Charlie Munger. Kim experienced it when she did the Landmark Forum.

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