Stepping outside of your circle of competence

If you want to improve your odds of success in life and business then define the perimeter of your circle of competence, and operate inside. 

The concept has been used by Warren Buffett and relates to the importance of  honestly definining what we do know and to stick to those areas....

Charlie Munger once commented that "in order to disagree with somebody you must first understand their argument better than they do."

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...

Creativity loves boundaries. Boundaries make your creative ability stronger. It forces you to find connections.

The most important part of creating is not having an idea: It is how you handle the conflict between your ideas and the limitations of your raw materials.