We were talking about something the other day when our CEO Brent said, “That’s outside my circle of competence…and my circle of care.”
I laughed and replied, “I am pretty sure you could competently understand this, but I also get that you don’t care.” And then I said that I liked that turn of phrase…circle of care.
Buffett and Munger, of course, made famous one’s circle of competence. That’s the idea that you shouldn’t do stuff you don’t understand. But circle of care is perhaps a more important concept. It’s the idea that not every problem is or should be your problem.
Because we should all be ruthless about what we choose to care about.
This isn’t necessarily to say that some things are more important than others (though some things are) or that some things are more appropriately left to others (though some things are). And it’s also not as flippant as pointing out that something is a “YP.”
Rather, it’s that none of us have the capacity to care about everything, so if something matters or needs to get done, if you don’t have to care about it, it means that someone you trust has it handled instead. And if someone you trust has it handled, well, you’re golden…as long as that someone you trust also knows when to ask for help.
– Tim
Sign up below to get Unqualified Opinions in your inbox.
The information, opinions, and views presented in this publication are provided solely for general informational and educational purposes. They are of a general nature, have not been tailored to the specific circumstances of any individual or entity, and do not constitute a comprehensive statement of the matters discussed. This material should not be interpreted or relied upon as investment, legal, tax, accounting, regulatory, or other professional advice, and nothing in this publication is intended to be or should be construed as such. You should obtain advice from your own professional advisors regarding the applicability of the information to your particular circumstances.
The views and analyses expressed are those of the author and do not necessarily represent or reflect the views, opinions, policies, or positions of Permanent Equity Management, LLC, its officers, directors, employees, affiliates, or portfolio companies, or of any person or entity with whom the author may be affiliated. Permanent Equity Management, LLC makes no representation or warranty, express or implied, as to the accuracy, completeness, timeliness, or suitability of the information contained herein and expressly disclaims any liability for errors or omissions.
This publication is not, and should not be construed as, an offer to sell, a solicitation of an offer to buy, or a recommendation of any security, financial instrument, or other product. It does not form the basis of any contract and does not create a fiduciary, advisory, or client relationship with Permanent Equity Management, LLC. Any examples or references to third-party content are for illustrative purposes only and do not constitute an endorsement. Permanent Equity Management, LLC is not responsible for the availability, accuracy, or content of third-party materials. Past performance is not indicative of future results. Any forward-looking statements are inherently uncertain and subject to change.