korrents

Our readingWhat is a korrent?

Playing games where others have the aptitudes and one does not is close to certain to lose, so one has to find where one has an edge and stay inside one’s circle of competence

Drawn from what Charlie Munger said

Subjectmental models
What this subject means

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

Mental modelCircle of competence

On the topicWhich mental models help you think better?under our view: Know your circle of competence, and know where it ends

What Charlie Munger actually said

  1. Charlie Munger Warren Buffett's business partner and vice chairman of Berkshire Hathaway
    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 that 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.

    Where this was said

    ↗A Lesson on Elementary Worldly Wisdom As It Relates To Investment Management & Business (USC Business School, 1994)fs.blog

    c. 1994

    All 13 korrents from this piecethis one is 10th

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

Do you hold this korrent?Do you also believe this?

I hold this too

Related korrents

Shared subject first, then similar wording. They may agree or disagree.

See this claim on the map