Circle of competence
Risk & psychologyThe set of businesses you understand well enough to judge.
In plain terms
Its boundary is not a weakness. “I could not find out” is a complete reason to pass.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
The set of businesses you understand well enough to judge.
Its boundary is not a weakness. “I could not find out” is a complete reason to pass.