Are They Dumb?

Day 2 of Charlie Week.

(it’s like Shark Week, but makes you more business savvy)

Charlie Munger has another great saying that is so simple, it’s easy to miss when you’re thinking about going into business, buying a business, or going into a new area of business.

And that is: “look for stupid competition”.

Don’t play games where you have a disadvantage compared to competition, from day one. You need an edge. Play to your strengths. Go into areas of business where you’re smarter, wiser, more experienced in the areas that matter.

Enough from me… hear it from the man himself:

Where is your competition dumb?

P.S. - I’m also author and founder of Profit Hiker: 11 Trails to gain lasting elevation in your business. Find the book right here and the program over there.