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

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

Email: alex@stockstoriespodcast.com