Understanding your Circle of Competence: How Warren Buffett Avoids Problems
Understanding your circle of competence allows you avoid problems. As we can learn from Warren Buffett, avoiding problems is easier than solving them.
«Over time, work to expand that circle but never fool yourself about where it stands today, and never be afraid to say “I don’t know.”»
More from Farnam Street
How to Fail at Almost Everything and Still Win Big
Don't set goals. Passion is bullshit. Mediocre skills are valuable. These are just a few of the unexpected truths you'll discover in Scott Adams' new book. Here are 10 more takeaways.
«most people have poor filters for sorting truth from fiction, and there’s no objective way to know if you’re particularly good at it or not.»
Mental Models: The Best Way to Make Intelligent Decisions (109 Models Explained)
The smartest people in the world use mental models to make intelligent decisions, avoid stupidity, and increase productivity. Let's take a look at how ...
How to Remember What You Read
The benefits of reading are negated if you forget remember what you read. This article discusses a tested system to increase retention. Learn how to use active reading to remember more from books.
«We shouldn’t read stuff we find boring. Life is far too short.»
Focus to Win
Since focus requires saying no, it also means really smart people and good competitors are saying no to really good ideas.
«This sounds really simplistic, but it still shocks me how few people actually practice this, and it’s a struggle to practice, but is this issue of focus.»
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