A Quote by Warren Buffett

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter. — © Warren Buffett
The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.
It is not nearly so important how well a message is received as how well it is sent. You cannot take responsibility for how well another accepts your truth; you can only ensure how well it is communicated. And by how well, I don't mean merely how clearly; I mean how lovingly, how compassionately, how sensitively, how courageously, and how completely.
Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.
Surely there is something to be said for drawing a circle around our attention and remaining within that circle. But how large should this circle be?
Nothing runs forever. How you handle it, the most important thing is how you respect your audience, how you respect your cast, and being incredibly sensitive to how you wrap up any show when it ends a successful run.
People sometimes think that defining a term is pedantic and useless, but terms need to be defined if they're going to be discussed, even if the terms are only defined for a single conversation. Those involved in the conversation need to know how the terms are being used.
...the geometrician teaches me how to work out the size of my estates rather than how to work out how much a man needs in order to have enough....You geometers can calculate the area of circles, can reduce any given shape to a square, can state the distances separating starts. Nothing's outside your scope when it comes to measurement. Well, if you're such an expert, measure a man's soul; tell me how large or how small that is. You can define a straight line; what use is that to you if you've no idea what straightness means in life?
I believe that there is an important part of every human being that is defined in terms of their significant other: how we choose our partner, and how we behave when we are with them. And that is the part that interests me. How that part of the personality is forged doesn't just interest me, it fascinates me.
If development is defined in social and economic terms while Hindutva is defined in cultural terms, it should be possible for the BJP to construct a political platform that is reassuring to a large majority of Indians and is respectful to the letter and spirit of the Constitution.
I knew before I came to Arsenal what kind of players were here. And of course, in training, you can see how many good players are here; the most important thing is that we work well as a team - that's the most important thing.
Harvey Milk was a friend of mine, an important gay leader in San Francisco in the '70s, and he carried a really important message about how important it was to be visible, how important it was to come out, and that was the single most important thing we had to do.
What feels most productive to me isn't to think so much in terms of how I can be alternative, but how I can be subversive in a way that feels organic, how I can connect with people, and how I can just be myself, which may be the hardest thing to be.
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
The most important thing I've learned since becoming CEO is context. It's how your company fits in with the world and how you respond to it.
The most important thing is to enjoy football because you don't know how long your career is going to last, but it is difficult when things don't go well.
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