Your circle of competence: should you stick within it or step outside of it?

Your circle of competence: should you stick within it or step outside of it?

The circle of competence model states that everyone has an area, or circle, of expertise. However, the circle of objective competence may be surrounded by a larger circle of subjective, and often over-inflated, belief in your ability. Should you stick to what you know, or is it wiser to broaden your abilities?

Discovering Your Circle of Competence

A mental model that helps mitigate the risk of failure associated with overconfidence by having a realistic view of your strengths

Stepping outside of your circle of competence

Chief investment analysts Rusmin Ang and Victor Chng write: “Remaining within one’s circle confers a number of benefits, such as an unfair information advantage, the narrowing of available options, and the reduction of poor decision making.”

How to Make the Most of Your Circle of Competence

Ensure predictable progress

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