Two circles of competence

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When it comes to circle of competence, i've always thought about that in two different ways. You have a big circle and a small circle. And the big circle is your learning circle. E yourcircle of competence, of learning, should always be expanding. Inside that is a smaller circle, and that's your investing circle. But that also should be expanding, but at a slower pace,. Ah, and i do believe that both should expand, you know, overtime.

Ian Cassel is a professional microcap investor and chief investment officer of Intelligent Fanatics Capital Management. In this episode, we talk about microcap investing, judging management quality, process vs outcome, empathy, secrets of Ian's happiness, and much more.

To know more about this initiative, check out https://www.vishalkhandelwal.com/

Books Recommended by Ian -

Free Capital by Guy Thomas - https://amzn.to/3wS3w6m
The Emotionally Intelligent Investor by Ravee Mehta - https://amzn.to/3t1b9Fk
Golf is Not a Game of Perfect by Bob Rottela - https://amzn.to/3N0mBZC
The Great Beanie Baby Bubble by Zac Bissonnette - https://amzn.to/3wRpp4l
Lessons From Century Club Companies by Vicki Tenhaken - https://amzn.to/3lOSF6X
What Girls Need: How to Raise Bold, Courageous and Resilient Girls by Marisa Porges - https://amzn.to/3LWDFyl
Open: An Autobiography by Andre Agassi - https://amzn.to/3GpOsjx
Piranesi by Susanna Clark - https://amzn.to/3wQFfNY
Soul in the Game by Vitaliy Katsenelson - https://amzn.to/3wTG1Zt