4 Tips about Circle Of Competence

The article closes with a telling anecdote from a Wall Street banker recalling a dinner with Buffett in Manhattan: “He had an exceptional...
Stepping outside your areas of competence is often a seductive siren song, but we’ve learned from experience not to listen anymore. Without the...
Most people say they want to stay within their circle of competence, and that’s smart. But there’s no reason to say “Here’s my circle of...
Over short periods of time, you can do the wrong thing and make a lot of money and do the right thing and look like an idiot. We try to stick to what...