During times like this, it is easy to observe massive increases in many people's *perceived* "circle of competence."
"It is remarkable how much long-term advantage we have achieved by trying to be consistently not stupid, instead of trying to be very intelligent.” Charlie Munger
"It is remarkable how much long-term advantage we have achieved by trying to be consistently not stupid, instead of trying to be very intelligent.” Charlie Munger
"Warren and I are better at tuning out the standard stupidities. We’ve left a lot of more talented and diligent people in the dust, just by working hard at eliminating standard error. If you play games where other people have the aptitudes and you don’t, you’re going to lose." CM
"The true insights a person can get in life are still very limited, so correct decision-making must necessarily be confined to your ‘Circle of Competence.’ A ‘competence’ that has no defined borders cannot be called a true competence.” Li Lu
