Circle of competence

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. 

The circle can be widened, but only slowly and over time. 

84 people saved this idea

Save it with our free app:

IDEA EXTRACTED FROM:

The 'Circle Of Competence' Theory Will Help You Make Vastly Smarter Decisions

The 'Circle Of Competence' Theory Will Help You Make Vastly Smarter Decisions

TOPICS: