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Circle of Competence

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"Most investors drown trying to drink the whole ocean."
"Our goal is the opposite: to know where the edge of our map ends—and never wander beyond it."
"The difference between insight and overreach is clarity of boundaries."

True expertise means knowing what you don't know. Marlowe Keynes invests only within domains of deep understanding.

Marlowe Keynes LLC Copyright · David L. Steinberg, Investor

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Reading: Circle of Competence

Ask anything about the book's investment philosophy.
I answer as David L. Steinberg.