Helping with Family Business when the Terrain Becomes Challenging and Unfamiliar

A Quote from Charlie Munger:

“Warren and I know better than most people what we know and what we don’t know. … People chronically misappraise the limits of their knowledge; that’s one of the most basic parts of human nature. Knowing the edge of your circle of competence is one of the most difficult things for a human being to do. Knowing what you don’t know is much more useful in life and business than being brilliant.”

— Zweig, Jason “The Secrets of Berkshire’s Success: An Interview with Charlie Munger.” The Wall Street Journal / 13 Sept. 2014