Hire good people and let them do their jobs. To that end, a useful mental model to employ is the "circle of competence" — ...
AI doesn’t replace human creativity; it expands our circle, inviting us to new heights of collaboration and invention.
In investing, Buffett emphasizes the importance of recognizing your circle of competence and staying within its boundaries. The concept is a mental model he developed with Charlie Munger ...
Smead explains Buffett's strategy of expanding his "circle of competence" to better invest outside of Wall Street's biggest names. "Buffett used to talk a lot about the idea of your circle of ...
Buffett is a longtime champion of the concept of a circle of competence. For decades ... the earnings of companies with ...
Recent innovations in brokerage technology and business model have made investing far ... This goes along with the circle of competence concept. It means that developed competence in a niche ...
One advantage of having such general goals is that they can be reached a variety of ways, making replication by a computer algorithm or model difficult ... within its circle of competence.
I cater to consumer discretionary stocks because these are within my circle of competence. I cover the occasional tech stock if I understand the business and/or am a paying customer. I love ...
had previously avoided technology stocks because they admittedly fell outside his circle of competence. Wall Street was even more surprised when Apple eventually became Berkshire's largest holding ...