“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
Related:
- 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
- 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