Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
No competence is required to be a scarecrow!
What matters most: passion or competence that was born in? Berkshireis full of people who have a peculiar passion for their own business. I would argue passion is more important than brain power.
If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer it.
If you have competence, you know the edge. It wouldnt be a competence if you didnt know where the boundaries lie. Asking whether youve passed the boundary is a question that almost answers itself.
Competence is a narrow ideal. Competence makes the trains run on time but doesn't know where they're going.
I really think I am a nice person. [But] this is not going to be an election on niceness. This is going to be an election on competence.
Morally, a philosopher who uses his professional competence for anything except a disinterested search for truth is guilty of a kind of treachery.
The differences between a competent person and an incompetent person are demonstrated in his environment (surroundings).
I will not enter into a public feud with Madame Callas, since I am well aware that she has considerably greater competence and experience at that kind of thing than I have.
That myth--that image of the madonna-mother--has disabled us from knowing that, just as men are more than fathers, women are morethan mothers. It has kept us from hearing their voices when they try to tell us their aspirations . . . kept us from believing that they share with men the desire for achievement, mastery, competence--the desire to do something for themselves.
We must learn that competence is better than extravagance, that worth is better than wealth, that the golden calf we have worshiped has no more brains than that one of old which the Hebrews worshiped. So beware of money and of money's worth as the supreme passion of the mind. Beware of the craving for enormous acquisition.
The only irreplaceable capital an organization possesses is the knowledge and ability of its people. The productivity of that capital depends on how effectively people share their competence with those who can use it.
Discipline is the habit of taking consistent action until one can perform with unconscious competence. Discipline weighs ounces but regret weighs tons.
It seems a miracle that young children easily learn the language of any environment into which they were born. The generative approach to grammar, pioneered by Chomsky, argues that this is only explicable if certain deep, universal features of this competence are innate characteristics of the human brain. Biologically speaking, this hypothesis of an inheritable capability to learn any language means that it must somehow be encoded in the DNA of our chromosomes. Should this hypothesis one day be verified, then lingusitics would become a branch of biology.
If we conducted ourselves as sensibly in good times as we do in hard times, we could all acquire a competence.
It's instructive to consider the more spectacular and well-known falls from grace of leaders in the public eye... In the main, the issues behind these falls could be grouped under a lack of competence, a lack of support or loyalty from those they sought to lead, and a lack of failure of integrity. Of all these the last is the most egregious, the most fatal. We so much want our leaders to be unfailingly decent that an obvious or perceived flaw in integrity can be the toxin which kills them off.
We now operate in a world in which we can assume neither competence nor good faith from the authorities. The consequences of this simple, devastating realization define American life.
Some aim to be deft, others to be laboriously careful. Neither dexterity nor conscientiousness is enough.
In tribal times, there were the medicine men. In the Middle Ages, there were the priests. Today, there are the lawyers. For every age, a group of bright boys, learned in their trades and jealous of their learning, who blend technical competence with plain and fancy hocus-pocus to make themselves masters of their fellow men. For every age, a pseudo-intellectual autocracy, guarding the tricks of the trade from the uninitiated, and running, after its own pattern, the civilization of its day.
What will matter in the end is not what you bought but what you built; not what you got but what you gave; not what you learned by what you taught. What will matter is not your competence but your character.
Dignity and quiet joy in all that we do are the expression of perfect concentration and perfect wisdom.
We send our [peacekeepers] off to some disputed zone, full of local intrigue and power blocs and uncertainty and danger, and they are supposed to save lives not with their weapons, but through their competence and their character. And they do it.
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
There is one brain organ that is optimised for understanding and articulating logical processes and that is the outer layer of the brain, called the cerebral cortex. Unlike the rest of the brain, this relatively recent evolutionary development is rather flat, only about 0.32 cm (0.12 in) thick and includes a mere 6 million neurons. This elaborately folded organ provides us with what little competence we do possess for understanding what we do and who we do it.
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