Sovereign funds will need to keep their humility and stay within their circle of competence -- deals where they have an advantage other than their big balance sheets.

主权财富基金将需要保持低姿态，并且避免从事不能胜任的业务，也就是说，只能选择自己除了巨大资产负债表以外还有其他优势的那些业务。

youdao

While core competence remains vital - differentiation offers a competitive advantage - firms must examine their organizational ambidexterity.

当然，产品设计作为核心竞争力仍然重要，比如产品细分就可以成为竞争优势，但企业必须审视组织两方面的优势才行。

youdao

Women who take advantage of happenstance have competence, self-confidence, and the ability to take risks. They also have a strong support system.

那些能够利用偶然的机会、自信、并且能够承担风险的女性，她们通常都有一个强健的支持系统。

youdao

So are there any apartment REITs that build their strategies around a focused core of competence that leads to greater competitive advantage?

FORBES: Essex Property Trust: Sharper Differentiation That Leads Greater Dividend Repeatability