What if the greatest victory isn’t in doing more but in doing less, but doing it brilliantly? What if bleeding-edge entrepreneurs don’t win because they know everything but because they know exactly what they don’t know?

In a world obsessed with hustle and infinite opportunity, most people disastrously wander into territory they don’t understand then get crushed. In this episode of How Billionaires Think, you’ll discover Warren Buffett’s secret not-quite-mystical edge: the discipline of staying within your circle of competence. It’s the guardrail that protected his fortune through bubbles, crashes, and crazes while others lost everything chasing the next shiny thing.

In this episode, you’ll discover:

• The story of Buffett and the dot-com bubble, why he opted out of the mania rather than gamble outside his true understanding.
• What the “circle of competence” really means (and why it’s far more powerful than competence itself).
• Concrete frameworks to draw your own circle, test its boundaries, and only make high-stakes decisions inside your zone of real edge.

Discover how to build wealth, unlock the habits of millionaires, and master how billionaires think using mental models, decision-making psychology, and elite performance psychology as we explore the wealth mindset, money mindset, and millionaire mindset that fuel generational wealth, financial freedom, and discipline and success—this is the financial freedom podcast where thinking like the rich, learning brain hacks for success, understanding cognitive biases, and applying thought frameworks, decision frameworks, productivity mindset, and success strategies all come together with behavioral economics, psychological hacks, and the psychology of success to help you think like a CEO through the lens of critical thinking podcast insights and mental models podcast breakdowns.