STREET DOGS: Stick in your circle of competence

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STREET DOGS: Stick in your circle of competence
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Knowing you don’t know something is nearly as valuable as knowing it

A shoemaker makes shoes. You have to stick with what you’re good at." — Steve Cohen

"The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much. If you have competence, you pretty much know its boundaries already. To ask the question [of whether you are past the boundary] is to answer it.

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