Circle of Competence

  • Inside your circle of competence —> what you’re good at, where your knowledge lies —> leads to better decisions and fewer mistakes

  • At the edge of your circle of competence —> identify areas you need to improve on, clearer understanding of what you don’t know, aware of those (people and software) who have the knowledge that you’re missing

  • Knowing where your boundary is —> requires self-reflection, humility and extreme intellectual honesty

  • Don’t confuse passing familiarity with true understanding

  • Think of your circle in terms of colour, size and shape —> one is nothing without the other:

    • The deeper the colour, the stronger the ‘knowledge’

    • The bigger the circle, the more you ‘know’

    • A circle doesn’t need to be perfectly symmetrical