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Many billionaires would benefit from Buffett's habit of drawing his circle of competence narrowly.

Drawn from what Phyl Terry said

Subjectmental models
What this subject means

mental models Thinking tools borrowed across disciplines: inversion, second-order effects, circles of competence, probabilities, incentives.

What Phyl Terry actually said

  1. Phyl Terry Author of Never Search Alone and founder and CEO of Collaborative Gain
    One of the things I most love about Buffett is that he draws his circle of competence very narrowly. He knows what he knows, and he knows there are plenty of things he doesn't understand. I can think of many billionaires who could benefit from Buffett's example.

    ↗Rolling Across My Desk - Sep 18, 2026createsend.com

    18 Sept 2026

Added to korrents 31 Oct 2026 · How quotes work · Something wrong? Tell us

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