Stock Stories | Case Studies and Mental Models for Individual Investors

Mental Model: Circle of Competence - Know the Boundaries of Your Knowledge

June 06, 2018 Stock Storyteller Episode 15
Stock Stories | Case Studies and Mental Models for Individual Investors
Mental Model: Circle of Competence - Know the Boundaries of Your Knowledge
Chapters
Stock Stories | Case Studies and Mental Models for Individual Investors
Mental Model: Circle of Competence - Know the Boundaries of Your Knowledge
Jun 06, 2018 Episode 15
Stock Storyteller

Our second mental model in the podcast is the circle of competence.  It is incredibly powerful if understood and applied.  How much do you know, and how much do you think you know?  Knowing the difference is key.  Today we discuss:

  • What your circle of competence is
  • How understanding the circle of competence can help you as an investor
  • How failing to recognize your circle of competence can potentially hurt you as an investor
Show Notes

Our second mental model in the podcast is the circle of competence.  It is incredibly powerful if understood and applied.  How much do you know, and how much do you think you know?  Knowing the difference is key.  Today we discuss:

  • What your circle of competence is
  • How understanding the circle of competence can help you as an investor
  • How failing to recognize your circle of competence can potentially hurt you as an investor