[…] There are things that we stay away from. We’re like the man who said he had three baskets on his desk: in, out and too tough. We have such baskets – mental baskets –…
Tag: Book: Seeking Wisdom – From Darwin To Munger
Warren Buffet and Charlie Munger on Knowing Your Limitations
Warren Buffet says: […] You have to stick within what I call your circle of competence. You have to know what you understand and what you don’t understand. It’s not terribly important how big the…