Last month the fund managers and value investors Guy Spier and Mohnish Pabrai took part in a virtual discussion and Q&A session with the Helvetian Investment Club. The title of the session was “Principles For Building Wealth & Wisdom.” One of the main principles for building wealth is to have a circle of competence and stick within it, no matter what. Defining the Circle of Competence Describing what a circle of competence is is difficult because everyone will have a different circle based on their psychology and experiences. Q3 2022 hedge fund letters, conferences and more And the fact of…
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