Focus On What You Know Best

We’re more likely to succeed at the things we understand best. Yet we often step outside our competencies. That’s when we get ourselves into trouble. We end up saying the wrong thing at the wrong time, we put money in the wrong investments, we injure ourselves, etc.

Stick to what you know best. Proceed cautiously into things you don’t know well. Be radically honest with yourself about what you actually know and don’t know. Guard against fooling yourself.

“I have three boxes on my desk: In, Out, and Too Hard.” ~ Warren Buffett

I love the idea of the “too hard box”. You don’t need to waste time trying to figure stuff out that doesn’t make sense to you. (Unless you really want to.)

It’s best to stay within your “circle of competence” and to expand that circle by studying things that you’re able to make sense of.

You don’t need to find an answer to every question you have or every question that other people put to you.