--- title: "Meaning & Key Takeaway of: Knowing the edge of your competency is…" description: "\"Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.\" — Warren Buffett" image: "https://sms4smile.com/quotes/i/26d/warren-buffett-183_competencies_knowing-the-edge-of-your-competency-is-i_179118.png" --- # Knowing the edge of your competency is important. If you… ![“Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.” quote by Warren Buffett](https://sms4smile.com/quotes/i/26d/warren-buffett-183_competencies_knowing-the-edge-of-your-competency-is-i_179118.png) [Download](https://sms4smile.com/quotes/i/26d/warren-buffett-183_competencies_knowing-the-edge-of-your-competency-is-i_179118.png) [Open image](https://sms4smile.com/quotes/i/26d/warren-buffett-183_competencies_knowing-the-edge-of-your-competency-is-i_179118.png) > “Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Recognizing the limits of your knowledge prevents overconfidence and costly mistakes. **In simple terms:** Know your limits to avoid trouble. Key Takeaway Stay aware of what you truly know. Themes self-awareness humility risk management Mood cautious reflective Type advice philosophical When to use this quote - career decisions - investment choices - learning new skills Key Concepts cognitive bias competence illusion Questions to Reflect On - How do you verify your competence? - When do you seek external feedback? A Different Perspective Overconfidence can still lead to errors despite awareness. ★ ★ ★ ★ ★ No ratings yet [Competencies](https://sms4smile.com/quotes/about/competencies/) [Competency Important](https://sms4smile.com/quotes/about/competency-important-1921863/) [Edge Competency](https://sms4smile.com/quotes/about/edge-competency-1921864/) [Edges](https://sms4smile.com/quotes/about/edges/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Important](https://sms4smile.com/quotes/about/important/) [Know Trouble](https://sms4smile.com/quotes/about/know-trouble-539115/) [Knowing](https://sms4smile.com/quotes/about/knowing/) [Knowing Edge](https://sms4smile.com/quotes/about/knowing-edge-1921865/) [Knows](https://sms4smile.com/quotes/about/knows/) [Think Know](https://sms4smile.com/quotes/about/think-know/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Trouble](https://sms4smile.com/quotes/about/trouble/) [You think you know](https://sms4smile.com/quotes/about/you-think-you-know/) ## Related quotes > [Every writer I know has trouble writing.](https://sms4smile.com/quotes/joseph-heller/every-writer-i-know-has-trouble-writing/) [Joseph Heller](https://sms4smile.com/quotes/author/joseph-heller/) > [You know the trouble with real life? 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What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody's got a different circle of competence. 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We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I don't measure my life by the money I've made. 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Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Explore all 984 Warren Buffett quotes ](https://sms4smile.com/quotes/author/warren-buffett/) ## More Competencies quotes > [We have to have a special insight, or we'll put it in the 'too tough' basket. 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While each job and organization is different, the best leaders…](https://sms4smile.com/quotes/anonymous/leadership-abilities-some-competencies-are-relevant-though-not/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [When a man is to travel into a far country...one staff in his hand may comfortably support him, but a bundle of staves would…](https://sms4smile.com/quotes/richard-sibbes/when-a-man-is-to-travel-into-a-far-country-one-staff-in-his-hand-may/) [Richard Sibbes](https://sms4smile.com/quotes/author/richard-sibbes/) > [We all have different competencies. Some of us are intellectually gifted, some of us athletically gifted, some of us are great listeners. Everyone has…](https://sms4smile.com/quotes/michele-bachmann/we-all-have-different-competencies-some-of-us-are-intellectually/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [The best medicine that a person can have is the knowledge and experience that he can swim through every tide and change of the…](https://sms4smile.com/quotes/harbhajan-singh-yogi/the-best-medicine-that-a-person-can-have-is-the-knowledge-and/) [Harbhajan Singh Yogi](https://sms4smile.com/quotes/author/harbhajan-singh-yogi/) > [Recruiting is a core competency for any company. It should never be outsourced.](https://sms4smile.com/quotes/peter-thiel/recruiting-is-a-core-competency-for-any-company-it-should-never-be/) [Peter Thiel](https://sms4smile.com/quotes/author/peter-thiel/) > [Delegation requires the willingness to pay for short term failures in order to gain long term competency.](https://sms4smile.com/quotes/dave-ramsey/delegation-requires-the-willingness-to-pay-for-short-term-failures-in/) [Dave Ramsey](https://sms4smile.com/quotes/author/dave-ramsey/) > [Great leaders, the research shows, are made as they gradually acquire, in the course of their lives and careers, the competencies that make them…](https://sms4smile.com/quotes/daniel-goleman/great-leaders-the-research-shows-are-made-as-they-gradually-acquire/) [Daniel Goleman](https://sms4smile.com/quotes/author/daniel-goleman/) > [“I started first by building a skills inventory of each team member (learning about competencies) and worked with them individually identifying their strengths and…](https://sms4smile.com/quotes/allan-r-cohen/i-started-first-by-building-a-skills-inventory-of-each-team-member/) [Allan R. 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