Why specialization is important
No one understands the world completely, Its far too complicated for a single human brain. Even if you are highly educated you can only understand a small part. This small portion is your need to fulfil your dream, if not you will never leave the ground.
Warren Buffet uses the wonderful term “circle of competence” inside the circle are the skills you have mastered. Beyond it are the things you understand only or partially. Buffet’s life motto: “Know your circle of competence and stick within it. “Each of us agents has to stick with it and we have to use those advantages. This is because if you try to succeed in what you are worst at you are going to have a lousy career. I can almost guarantee it” Tom Watson the founder of IBM, is the living proof of this thesis. As he said of himself “I’m no genius. I’m smart in spots – but I stay around those spots.
(quoted from Rolf Dobelli “ the art of the good life” )
Likewise, we at industrial Malaysia specializes in Industrial Properties, should you have a need for commercial properties in Malaysia you should check out https://www.klcc-office.com/ as their mastery is in commercial properties.
Be rigorous in organizing your professional life around this idea, because a radical focus on your circle of competence will bear more than monetary fruit. Equally important is the emotional variety. You will gain an invaluable feeling of mastery and you will also be more efficient, as you do not have to decide every time whether a listing is suitable for you. With focus, unsuitable but irresistible request suddenly become resistible.
So how do you create a circle of competence Clicking around Wikipedia or developing a website isn’t enough. It takes time – lots of time “ Expect anything worthwhile to take a really long time”
It takes obsession. Obsession is a kind of addiction which is why it’s often spoken disparagingly. Obsession drives people to invest thousands and thousands of people into something. As a young man, Bill Gates had an obsession: programming. Steve Jobs: calligraphy and design. Warren Buffet first put pocket money into stocks and shares as a twelve-year-old: Nobody today will say that Gates, Jobs or Buffet wasted their youth, quite contrary: its because they were so obsessed they invested thousand or hours it takes to achieve mastery of something.
At Industrial Malaysia we strive and are obsessed with mastery, this is because a single outstanding skill trumps a thousand mediocre ones. Every hour invested into your competence is worth a thousand spend elsewhere. If you are keen to know more you can email us at hello@industrialmalaysia.com.my
CIRCLE OF COMPETENCE
