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Updated almost 3 years ago on 11/08/2022. Most recent reply

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Francis A.Poster

Los Angeles, CA

Market Trends & Data

Wall Street’s ‘Dr. Doom’ - U R stupid for moving 2 TX or FL

Francis A.Poster

Los Angeles, CA

Posted October 21, 2022 07:26

https://fortune.com/2022/10/20...

1 Vote

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#1 Contractors Contributor

Contractor/Investor/Consultant
West Valley Phoenix

Bruce Woodruff

#1 Contractors Contributor

Contractor/Investor/Consultant
West Valley Phoenix

Replied October 23, 2022 07:58

Quote from @Mike Dymski:

Dunning-Kruger effect - happens when a person's lack of knowledge and skills in a certain area cause them to overestimate their own competence.

Similar to the old 'Peter Principle' concept..... :-)

"people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not necessarily translate to another"

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