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Warren Buffett

CEO, Berkshire Hathaway

“Stay inside your circle of competence. Be fearful when others are greedy, and greedy when others are fearful.”
Warren Buffett
Image: Wikimedia Commons, Warren Buffett at the 2015 SelectUSA Investment Summit (cropped).jpg

The one idea

Stay inside your circle of competence.

Ideas in the Tracker

Circle of competence

It is not the size of the circle that matters, but knowing where its edge is.

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Illustrated by these cases

Berkshire Hathaway

Compounding is the eighth wonder, but only for those patient enough to let quality run undisturbed.

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Wealth
Naval Ravikant

Naval Ravikant

Founder, AngelList

“Build specific knowledge and leverage.”

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Wisdom
Charlie Munger

Charlie Munger

Vice Chairman, Berkshire Hathaway

“Assemble a latticework of mental models.”

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Wealth
Steve Jobs

Steve Jobs

Co-founder, Apple

“Focus means saying no.”

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Wealth
Jeff Bezos

Jeff Bezos

Founder, Amazon

“Minimize regret; it is always Day 1.”

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Wealth
Jensen Huang

Jensen Huang

Founder and CEO, NVIDIA

“Greatness is forged by suffering.”

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Wealth
Benjamin Franklin

Benjamin Franklin

Printer, inventor, founding father

“Knowledge pays the best interest.”

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