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#363 Li Lu and Charlie Munger and Warren Buffett
Founders
Know Thyself to Gain the Competitive Edge
All decisions should be evaluated through the lens of opportunity cost to avoid excessive diversification. Emphasis should be placed on finding and cultivating a personal style that aligns with one's interests and strengths. Engaging in work that feels natural fosters continuous thinking and passion, ultimately leading to significant advantages over competitors. The journey involves self-discovery—identifying personal interests, strengths, and passions, then amplifying them to establish a unique competitive edge.
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