Saturday, June 7, 2014

Circle of competence...

"The best part of our knowledge is that which teaches us where knowledge leaves off and ignorance begins. Nothing more clearly separates a vulgar from a superior mind, than the confusion in the first between the little that it truly knows, on the one hand, and what it half knows and what it thinks it knows on the other." -Oliver Wendell Holmes (via Peter Bevelin's A Few Lessons from Sherlock Holmes)

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Related book: A Few Lessons for Investors and Managers From Warren Buffett