Discovering your circle of competence
To determine your circle of competence, you have to understand where your true competence lies, without allowing subjective beliefs to create undue assurance in your abilities.
To determine the breadth of your circle of competence, you need to have an honest look at your background, training, qualifications, or personal familiarity in a subject.
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Your circle of competence: should you stick within it or step outside of it?
nesslabs.com
5 ideas
·1.94K reads
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"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark
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The most common way people lose money is to overestimate how clever they are and how much they know. Even after a fifty-year investing career, both...
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