Danielle Robison argues that experts in one field often wrongly assume they can quickly master another. Vetting information is hard when you don't know what you don't know, and real expertise takes years of training and many hours per week.
I think we feel sometimes that, oh, well, you know, I'm a lawyer. I went through law school. I know all this case law. I memorized this case. I'm a doctor, I'm a dentist. I did all these things that probably most people can't do. And yes, you are an expert in that field, but you are not an expert in all fields. And when you go down the road of trying to become an expert in something, you have to realize that the people providing information or what's out there, one, you're not sure how to vet it. You don't know what you don't know. And two, unless you are willing to put in the time that you put in, put in for the other specialty you have, the other job you have, why would you expect the same results? I don't think people think about that. You know, it's. It's kind of this. Well, you know, I went to college, I went to medical school, I went to residency, I went to fellowship. So if I were to dedicate 60 hours a week for eight years, I hope that I probably would know maybe as much as you. I'm not going to do.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
