“It’s not competency if you don’t know the edge of it” – Charlie Munger
“Real knowledge is to know the extent of one’s ignorance” – Confucius
“The best part of our knowledge is that which teaches us where knowledge leaves off and ignorance begins. Nothing more clearly separates a vulgar from a superior mind, than the confusion in the first between the little that it truly knows, on the one hand, and what it half knows and what it thinks it knows on the other.” – Oliver Wendell Holmes
How bad do you want it?
Related:
- 2-1a4 ‘Language instinct’ - Language can’t exhaust mind
- 2-1b3a ‘Circle of competence’ & ‘Niches’ - Build a moat. Thrive in where you can.
- 3-1a4b1.2 Define and stay within your circle of competence
- 3-1a4b1.3 Your circle of competence can be widened, deepened, made clearer
- 3-1c3c2a Any ideas have the potential to be MORE universal (if not universal), and constraints are to be removed sooner or later because knowledge is irreversible
- 5-1b1a2c0.1 Perfect replication is impossible
- 7-1a2a1.1 ‘Scale’ - Anything that scaled started small, at the edge, at the frontier, as an avant-garde
- 7-1a6b Successful founders apply new technology to solve problems at edge cases
- 7-1d1c You can be at the edge of the newest technology
- 10-1a1b 行き詰らないとアブダクションできない
- When you know your edge, you can recognize where you need others
- 2-1c3 ‘Win and help win’ always outcompete
- 5-1b1a2c0 No theory can exhaust realitydevelop
- This is why you need to learn from others, and why we need money
- 9-4b2a1f Two-way debate benefits from criticism
- 13-1a3a1d Money facilitates the maximum use of knowledge available, and accommodates error-corrections (the two are the same thing)
- Put differently, book is market but across timerevisit
- This is why you need to learn from others, and why we need money