Learning is certainly more than classrooms, teachers and right answers…. its the lifelong process of building the skills you need. Here are the tools I used to build a learning environment.
I recently came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of applying mental tools from a wide array of disciplines and applying these to the business questions I had.
Last week I introduced tools for strategizing, this week we look at learning.
Deliberate Practice — “How expert one becomes at a skill has more to do with the quality of how one practices (consistency and deliberateness) rather than with merely performing a skill a large number of times.”
Dunning-Kruger Effect — “Relatively unskilled persons suffer illusory superiority, mistakenly assessing their ability to be much higher than it really is…[and] highly skilled individuals may underestimate their relative competence and may erroneously assume that tasks which are easy for them are also easy for others.”
Spacing Effect — “The phenomenon whereby learning is greater when studying is spread out over time, as opposed to studying the same amount of time in a single session.”