This article is adapted from Shane Parrish’s brilliant book “Clear Thinking: Turning Ordinary Moments into Extraordinary results”. With the advent and explosion of the internet and the blogosphere, access to content has become ubiquitous and we get exposure to a whole host of topics. And often we feel like we are experts in those, despite that on most subjects our knowledge and thinking might be superficial at best. We end up falling into the same trap whilst seeking advice as well where we mistake those with similarly fleeting understanding for genuine experts. This blog is aimed to help us distinguish real experts from ‘imitators’.
“Imitators can’t answer questions at a deeper level. Specific knowledge is earned, not learned, so imitators don’t fully understand the ideas they’re talking about. Their knowledge is shallow. As a result, when you ask about details, first principles, or nonstandard cases, they don’t have good answers.
Imitators can’t adapt their vocabulary. They can explain things using only the vocabulary they were taught, which is often full of jargon. Because they don’t fully understand the ideas behind the vocabulary, they can’t adapt the way they talk about those ideas to express them more clearly to their audience.
Imitators get frustrated when you say you don’t understand. That frustration is a result of being overly concerned with the appearance of expertise—which they might not be able to maintain if they have to really get into the weeds with an explanation. Real experts have earned their expertise and are excited about trying to share what they know. They aren’t frustrated by your lack of understanding; they love your genuine curiosity about something they care about.
Experts can tell you all the ways they’ve failed. They know and accept that some form of failure is often part of the learning process. Imitators, however, are less likely to own up to mistakes because they’re afraid it will tarnish the image they’re trying to project.
Imitators don’t know the limits of their expertise. Experts know what they know, and also know what they don’t know. They understand that their understanding has boundaries, and they’re able to tell you when they’re approaching the limits of their circle of competence. Imitators can’t. They can’t tell when they’re crossing the boundary into things they don’t understand.”
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Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.
