Sometimes the market gives you a tiny opportunity. - Shane Parrish

gets updated, and so too must your circle. There are three key practices needed in order to build and maintain a circle of competence: curiosity and a desire to learn, monitoring, and feedback.

Another reason we tend to push back against change is that doing something different might lead to worse results. There is an asymmetry to change — we take negative results to heart more than positive ones. Worse results make us stand out for the wrong reasons. Why risk looking like an idiot when you can remain average? We’d rather be average than risk the possibility of landing somewhere below average.

So our first step in improving our outcomes is to train ourselves to identify the moments when judgment is called for in the first place, and pause to create space to think clearly.