Learn more about problemsolving with this collection
Ways to improve productivity
Strategies for reducing stress
Tips for managing email overload
Circle Of Competence
- Stick near things that you are good at doing. That is how you make the most money and gain expertise
- You should know what your circle of competence is and how far away or close you are to the circle
Always try and increase the circle of competence to continue to grow
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697 reads
MORE IDEAS ON THIS
The Worlds Most Intelligent Question
The worlds most intelligent question is Why? Everything that happens to you you must ask why and what can I learn from this
By learning from every experience that you face you also level up and get better at things.
77
760 reads
Independent Thinking
Independent Thinking is the best way to make sure you don’t follow the crowd and make a mistake in your choices
Sometimes you need to think for yourself and figure out what is the best way to go about solving this problem
75
1.03K reads
Technology As A Problem
Don’t rely too much on Technology. Technology can change at anytime it’s not very reliable sometimes so don’t put all your eggs in a basket
An example of this is if you make YouTube videos have a second option ad well in case something happens to YouTube.
68
767 reads
Follow Me For Part 4
Feel free to follow me for part 4 also feel free to check out my profile to see part 1-3 there you can learn more about money habits and everything else.
61
705 reads
Simplicity
Sometimes the best way to accomplish something is find the most simple way of doing something
The fastest way from point A to point B is straight
Most people don’t go for the simplest options and get confused with all the complexity that comes from it.
71
816 reads
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Part 3 of the mental models that you should add to your life for better results
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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....
Circle of Competence
Each of us, through experience or study, has built up useful knowledge on certain areas of the world. Some areas are understood by most of us, while some areas require a lot more specialty to evaluate.
It is important to honestly define what we know and stick to those areas.
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Stick to your Circle of Competence
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...
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