Overview
First recognized in Adam Smith’s book Wealth of Nations, specialization theory shows us that workers are far more productive if you break up large jobs into smaller ones and have workers specialize in performing these smaller jobs.—Nilus Mattive
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7 Mental Models That Will Make You a Better Investor - Paradigm Press, LLC.
In 1994, Warren Buffett's business partner and friend Charlie Munger gave a speech at USC Business School about the art of stock picking. What students didn't know was they were really in for a lecture on how to become a better thinker - or, as Munger put it, proficient in elementary, worldly wisdom.
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