Quote by SHANE PARRISH - Deepstash
SHANE PARRISH

The concept of ‘Circle of Competence’ emphasizes focusing on areas where you have knowledge and expertise.

SHANE PARRISH

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Explore transformative ideas that fuel growth and success by joining the Elite Academy. Transform your potential into extraordinary success at the Elite Academy—where the minds experience unmatched growth and exclusive opportunities.

Discover how to sharpen your mind and make better decisions with "Clear Thinking" by Shane Parrish, leveraging mental models and overcoming cognitive biases.

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Circle of Competence

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. 

...

Circle of competence

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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....

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4. First and foremost, concentrate on your strengths. Put yourself where your strengths can produce results.

5. Second, work on improving your strengths. Analysis will rapidly show where you need to improve skills or acquire new ones. It will also show the...

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