Charlie Munger On Defining Your Circle of Competence – ValueWalk Premium
Charlie Munger

Charlie Munger On Defining Your Circle of Competence

"Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle." -- Warren Buffett

Warren Buffett often tells investors that they should only be looking for potential investment opportunities that fall inside their circle of competence, a mantra that he has always followed.

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