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Updated over 2 years ago on . Most recent reply
Wall Street’s ‘Dr. Doom’ - U R stupid for moving 2 TX or FL
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Bruce Woodruff
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Bruce Woodruff
#3 All Forums Contributor
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#3 All Forums Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
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"