Ted Seides recently sat down with David Zorub to chat about all things investing. One of the things David said really resonated with me:
At some point as you go through your career you’ll outgrow your mentors and that’s okay. You have to seek new ones.
This is a fantastic observation. There’s nothing wrong with learning from Buffett and Munger and Marks, but at some point you have to move out of that cozy, warm sleeping bag.
The only way to learn is by continuing to expand your circle of competence, because first level thinkers wonders where the edge of the circle is, while second level thinkers realize that people calculate too much and think too little.
The whole podcast is worth your time. Hit the link below to listen.
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