Posts tagged circle of competence
Circle of Competence: Charlie Munger And Warren Buffett's Greatest Secret

Charlie Munger uses a handful of mental models (ways of thinking about the world) to create outsized business results. One of those models is to operate within his circle of competence consistently. A circle of competence is an area of the world where you have useful knowledge that gives you an edge. These are the areas where you can win big.

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