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Buffett & Munger's surprisingly simple mental model behind their success, Circle of Competence

2,012 views

Intro:

Video Vocabulary

/ˈpärtnər/

noun verb

Someone you have personal relationship with. be partner of.

/inˈvestər/

noun

Person who spends money to help businesses grow.

/inˈsted/

adverb

When one thing is replaced by another.

/ˈakyərətlē/

adverb

Exactly and without any mistakes; correctly.

/ˈkəmp(ə)nē/

noun other verb

commercial business. Businesses that sell things or provides services. associate with.

/ˈfōkəs/

verb

To see clearly by adjusting your eyes or a camera.

/ˌekspərˈtēz/

noun

expert skill or knowledge in particular field.

/ˈfôrCHən/

noun

Very large amount of money.

/ɡrāt/

adjective

of above average extent.

/fəˈnan(t)SHəl/

adjective noun

Involving money. organization's finances.

/əˈses/

verb

evaluate or estimate nature, ability, or quality of.

/ˈkän(t)əmˌplāt/

verb

To consider whether you will do something.

/ˈfərT͟Hər/

adjective adverb conjunction verb

more distant in space. at, to, or by greater distance. (Used to introduce an additional point); also. help or promote.

/ˈnōiNG/

adjective noun verb

showing secret knowledge. state of being aware. To be able to distinguish.

/dəˈskrīb/

verb

To tell the appearance, sound, smell of something.

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