This article is an introduction to the metaphilosophical thought of the contemporary German philosopher Odo Marquard. He understands philosophy’s competence as a competence in compensating for incompetence or, with a German neologism, as Inkompetenzkompensationskompetenz. I offer two interpretations of Marquard’s most famous notion. Both interpretations have been developed in order to answer a central question: if philosophy is incompetent, how can it live with its incompetence? The first interpretation, based on an analysis of the constitutive parts of Inkompetenzkompensationskompetenz, goes back to Marquard’s early work. It leaves no option for philosophy but to flee into dogmatism or skepticism. The second interpretation is inspired by Marquard’s pluralist later work. Rather than on an analysis, it rests on a synthesis of recurrent themes and motives. It advocates what I have called ‘philosophy with a human face’. This interpretation opens perspectives for philosophy to live with its incompetence.