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
0 saved 47.4K views Share this with your network Share this with your network “I don’t play in a game where the other people are wise and I’m stupid. I look for a place where I’m wise and they’re stupid. You have to know the edge of your own competency. I’m very good at knowing when I can’t handle something.” — Charlie Munger Your Circle of Competence identifies your current area of knowledge and expertise as a guide for effective action. BUFFET ON THE CIRCLE AND BASEBALL. When talking about the Circle of Competence, Warren Buffett often discussed baseball. He referenced a lesson from…
related reading
- Mastering Success: Navigating Within Your Circle of Competencefs.blog
- Circles of Influence. What it is, How it Works, Examples.learningloop.io
- Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained)fs.blog
- Finding Person-Problem Fit - Compound Manualmanual.withcompound.com
- Finding Person-Problem Fit - Compound Manualmanual.compoundplanning.com
- What to learndanluu.com
- Competence is claritysubstack.com
- Competence is clarityaltered.substack.com
- How to Make Smart Decisions Without Getting Lucky - Farnam Streetfs.blog
- Start Here: Commoncog's Best Posts - Commoncogcommoncog.com
- Business Expertise - Commoncogcommoncog.com
- Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Mungerstripe.press