korrents

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There are two kinds of knowledge: that of those who really know, having paid the dues and having the aptitude, and that of those who have only learned to prattle the talk

Drawn from what Charlie Munger said

Circle of competence

Which 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
    In this world, we have two kinds of knowledge. One is Planck knowledge—the people who really know. They’ve paid the dues, they have the aptitude. Then, we’ve got chauffeur knowledge—they have learned to prattle the talk and they have a big head of hair. They may have fine timbre in the voice. They really make a hell of an impression. But in the end, they’ve got chauffeur knowledge.

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

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