ModelThinkers - Circle of Competence
Do you want to act from a place of strength for the greatest impact? Your Circle of Competence identifies your current area of knowledge and expertise as a guide for effective action. MUNGER ON USING THE CIRCLE. Charles Munger explains: “I do know my Circle of Competence and I stay within that. I don’t worry about things that are outside that circle. Defining what your game is and where you’re going to have an edge is enormously important.” A
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