“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework.”
~ Warren Buffett
Why do inept people think they are actually doing great?
November 16, 2020
“It’s called the Dunning-Kruger effect. It is a cognitive bias where people with limited skills are prone to dramatically overestimate their own abilities.
You probably have seen something like this before. Here is a well-known example: 88% of drivers consider themselves to be above average. This is, of course, statistically impossible.”
Brad Brain_ Why do inept people think they are actually doing great_ _ Alaska Highway News
Posted in All Columns
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