You're Not Supposed to Be Good at Everything - Circle of Competence - Future IQ

Warren Buffett didn’t build his fortune by knowing everything he built it by knowing what not to touch. In this episode of Future IQ, we dive into one of the most underrated mental models: the Circle of Competence. What exactly is your circle of competence? Why does knowing your limits make you more effective, not less? And how can this simple idea help you avoid bad decisions, wasted time, and unnecessary stress not just in your career, but in your personal life too? We explore powerful real-life examples from Ted Williams’ precision on the baseball field to Buffett’s famously disciplined investing and unpack how understanding your strengths can lead to better outcomes in work, relationships, and decision-making. You’ll also learn how your Circle of Competence connects to your Circle of Influence the area where you may not be an expert, but still have the power to create change. And how knowing where your influence ends can help you stop overthinking, overcommitting, or taking on battles that aren't yours to fight. If you’ve ever felt stretched too thin, second-guessed your choices, or struggled with where to focus your energy, this episode offers a clear mental framework to think sharper and live smarter. More Videos: How The World Choose To Be Incompetent: https://youtu.be/tvDs-rEF37s Chat GPT Can Make You Dumb Or Smart: https://youtu.be/McdWSLWQUkA Why Idiots Think They Are Smart?: https://youtu.be/GtmcY3t5hB4 A cow on a golf course taught me how to deal with unfairness in life: https://youtu.be/77_YwP9aok8 00:00 - Warren Buffett's Secret 00:23 - What is the Circle of Competence? 01:03 - Example: Ted Williams 01:53 - Example: Steve Jobs & Apple 02:56 - Example: A Personal Anecdote 03:50 - Fingertips Feeling 04:39 - What if I don't have a Circle of Competence? 05:01 - Comparative Advantage 07:33 - The Circle of Influence 09:24 - What about the world outside your influence? 10:00 - The 97/3 Principle 12:24 - The Serenity Prayer 13:08 - Concluding Quote by Tom Watson Sr. Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter: @ngkabra http://twitter.com/ngkabra @shrikant https://twitter.com/shrikant Refernces & Credits: https://modelthinkers.com/mental-model/circle-of-competence FarnamStreet article https://squareallworthy.tumblr.com/post/163790039847/everyone-will-not-just Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS