The Warren Buffett way 1

"Invest within your circle of competence", he counsels. "It's not how big the circle is that counts, it's how well you define the parameters."

"Investment success is not a matter of how much you know but how realistically you define what you don't know."

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I still haven't completed the book, but the more I read, the more resonance I can feel. Not only for investment, but this is also exactly the right attitude we should have. Always ask ourselves what do we lack of, but not just complain on somebody else. To admit that we are not doing well always is not an easy thing.