A Master Class with Warren Buffet and Charlie Munger

“Competence is a relative concept. I realized that what I needed to do is compete against idiots, and luckily there’s a large supply” Charlie Munger, on figuring out one’s circle of competence.

Always enjoyed Buffet’talks, and it gets even better when he’s with Munger. This Q&A is so smart and funny. Business really just comes down to maintaining common sense



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