In this episode we discuss the “experience trap” and why someone who has been doing their job for 20-30 years may be no better (and sometimes worse) than someone who has very little experience, look at the shocking truth that 35 years of research reveals separates world class performers from everyone else, how “Talent” is overrated, misunderstood, and most research says it doesn’t even exist, we go deep on the critically important concept of deliberate practice, and much more with our guest Geoff Colvin.  

  

 Geoff Colvin is an award winning speaker, writer, and broadcaster. Geoff holds a degree in economics from Harvard, an MBA from NYU, and is currently the the senior editor-at-large for FORTUNE. He is the bestselling author of several books including Talent Is Overrated: What Really Separates World Class Performers from Everyone Else, Humans Are Underrated: What High Achievers Know That Brilliant Machines Never Will and more. Geoff has delivered over 10,000 broadcasts on the CBS Radio Network and has been featured on Good Morning America, CNN, CNBC, and more.

  

The “experience trap” and why someone who has been doing their job for 20-30 years may be no better (and sometimes worse) than someone who has very little experienceWhat do surgeons, auditors, parole officers have in common with their skillsets?Why the assumption that a lot of experience makes you good at something is fundamentally flawed What the very best performers are constantly doing that most people simply don’t doWhy going to a teacher and taking lessons is NOT enough to get better at singing (or any other skill)What separates world class performers from everyone elseWhy the concept of talent is a loaded term that most people don’t understandWhy the conception of “talent” as an in-born gift is a mischaracterizationHow “Talent” is overrated, misunderstood, and why most research says “talent" simply does not existWhat 35 years of research and science answer exactly what explains great performance better than anything elseWhat is the concept of "deliberate practice" and why is it so vital to great performance?The road to great performance is long and hard, but most importantly its available to anyoneWhy deliberate practice is not what you typically think of when you think of practiceThe key components of deliberate practice.

Deliberate practice is an activity designed especially for you, at your stage of development, at doing what you’re doing right now

It is designed to push you just beyond what you’re currently capable of doing

Can be repeated at high volume

The vital importance of continual feedback

Why high-volume deliberate practice changes the physical structure of your brainAs you get better, your deliberate practice must be adjusted higherWhy deliberate practice is neither work nor playThe vital importance of training and practicing just outside your realm of abilityHow to harness deliberate practice for business & investingSimulationSoftware that lets you make these decisions at high volumeCreate simulators that put these decisions to the test at high volumeThese simulations have to be highly realistic and very demanding

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