“So you have to figure out what your own aptitudes are. If you play games where other people have the aptitudes and you don’t, you’re going to lose. And that’s as close to certain as any prediction you can make. You have to figure out where you’ve got an edge. And you’ve got to play within your own circle of competence.”
Charlie Munger
“There’s actually very little distinction between an artist and a scientist or engineer of the highest calibre.”
— Steve Jobs Primary source“Above all, he liked it that everything was one’s own fault. There was only oneself to praise or blame. Luck was a servant and not a master. Luck had to be accepted with a shrug or taken advantage of up to the hilt. But it had to be understood and recognized for what it was and not confused with a faulty appreciation of the odds, for, at gambling, the deadly sin is to mistake bad play for bad luck. And luck in all its moods had to be loved and not feared.”
— Ian Fleming Primary source“If you have competence, you pretty much know its boundaries already. To ask the question [of whether you are past the boundary] is to answer it.”
— Charlie Munger Primary source“I don’t play in a game where the other people are wise and I’m stupid. I look for a place where I’m wise and they’re stupid.”
— Charlie Munger Primary sourceSelf-Awareness Strength Concentration Focus Talents