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— John Ralston Saul"After a period in which technocrats attempted to become stars and stars to become politicians, the political void has been occupied by the force of mediocrity, which can easily master enough of the star techniques to produce inoffensive personalities and enough of the rational vocabulary to create the sounds of competence."
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No scientist is admired for failing in the attempt to solve problems that lie beyond his competence. ... Good scientists study the most important problems they think they can solve. It is, after all, their professional business to solve problems, not merely to grapple with them.
— Peter Medawar
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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.
— Charlie Munger
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