Errors of ineptitude
Mistakes made because of incorrect use of knowledge — the category Gawande argues can be largely avoided by following a checklist approach.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Margin of safetyThe gap between a security's estimated intrinsic value and the lower price paid for it — the cushion that protects the buyer when the estimate turns out to be wrong.
- MoatThe durable competitive advantage that lets a company keep earning high returns while competitors try and fail to take its business.
Where this is taught
Free preparation for NISM Series XV← All terms