Success leaves clues. Progress requires the right information in order to take effective action. Join us on our journey of improvement and learning as we cover various topics related to knowledge, mental models, learning, and self-improvement.
The Circle of Competence mental model was developed by Warren Buffett and Charlie Munger. It is a model that describes the area that matches a person's skills, abilities, or expertise. Buffett and Munger used the model to describe limiting one's financial investments away from areas you have limited understanding or expertise and instead focusing on areas where you have the greatest familiarity or edge. Part of the model involves the importance of accurately assessing one's own abilities relative to what one may think they might know.
🔥📢🔥 For a unique audio experience also be sure to listen to another project, The Infinite Knowledge Podcast. New audio essay episodes every week where we weave in multiple mental models or key big ideas from seemingly unrelated disciplines. It's like a free short audiobook every week. Available on nearly all major podcast platforms or visit infiniteknowledge.podbean.com/ 🔥📢🔥
If you would like more mental models and big ideas from different disciplines in the format of an audio podcast that covers a topic each week in an audio essay format that integrates mental models and idea frameworks into each week's subject, then check out The Infinite Knowledge Podcast which is available on just about every major podcast platform.
Progress Leaves Clues
Circle of Competence Mental Model
(If you haven't already watched the video):
https://youtu.be/GnqWP9dZdr8
The Circle of Competence mental model was developed by Warren Buffett and Charlie Munger. It is a model that describes the area that matches a person's skills, abilities, or expertise. Buffett and Munger used the model to describe limiting one's financial investments away from areas you have limited understanding or expertise and instead focusing on areas where you have the greatest familiarity or edge. Part of the model involves the importance of accurately assessing one's own abilities relative to what one may think they might know.
1 year ago | [YT] | 7
View 0 replies
Progress Leaves Clues
🔥📢🔥
For a unique audio experience also be sure to listen to another project, The Infinite Knowledge Podcast. New audio essay episodes every week where we weave in multiple mental models or key big ideas from seemingly unrelated disciplines. It's like a free short audiobook every week. Available on nearly all major podcast platforms or visit infiniteknowledge.podbean.com/
🔥📢🔥
1 year ago | [YT] | 2
View 0 replies
Progress Leaves Clues
If you would like more mental models and big ideas from different disciplines in the format of an audio podcast that covers a topic each week in an audio essay format that integrates mental models and idea frameworks into each week's subject, then check out The Infinite Knowledge Podcast which is available on just about every major podcast platform.
1 year ago | [YT] | 1
View 0 replies