On Coaching

I plan on using the following when coaching myself and others from here on out:

  1. Experts tend to operate outside their comfort zone and study themselves failing.
  2. Experts will try to walk in the shoes of someone who’s more competent than them.
  3. Experts crave and thrive on immediate and constant feedback.
  4. Experts treat what they do like a science. They collect data, they analyze data, they create theories, and they test them.

Via The Dilemma of Coaching Yourself

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On the Invisible Hand

A long read, but well worth it for the comparison between Adam Smith’s Invisible Hand theory with Charles Darwin’s theories of competition.  From the author’s perspective, Darwin more aptly captures modern capitalist markets.

One of many thought provoking passages arguing against the invisible hand:

Because earning extra income enhances an individual worker’s relative position, most workers would be reluctant to move to a safer job at lower pay, even though each might prefer a world in which everyone was required to do so.

I’m still working my way through this one and may well revisit here in Tropewell before I’m done reading.

From The American Interest by Robert Frank