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Circle of competence

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1:  The good news?

“Every person is going to have a circle of competence,” Charlie Munger writes in Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.

The bad news?  “It’s going to be very hard to enlarge that circle,” Charlie observes.

Until his passing in 2023 at the age of 99, Charlie served as Vice Chairman of Berkshire Hathaway, founded by Warren Buffett.  Berkshire is … continue reading