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Should You Focus on the Rules or on How to Win?

Whenever Warren Buffett approached a new field of endeavor he’d ask someone who was a master in it to teach him how to win at it not just how to play. Buffett credits his success to this question. If you’re unclear how the distinction works, think of this example. Your high school civics teacher knows how the government works while a veteran politician knows how to win in politics. There’s a huge difference between just knowing the rules and understanding what it really takes to win. The same applies to business.