Warren Buffett's belief that an investor's best strategy is to select an area where they can know significantly more than the average investor (called their circle of competence), and focus their efforts on that area.
Related information about circle of competence:
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Definition of circle of competence: Warren Buffett's belief that an investor's best strategy is to select an area where they can know significantly more than the ...
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If Buffett cannot understand a company's business, then it lies beyond his circle of competence, and he won't attempt to value it. He famously avoided technology ...
- 'Circle of Competence': What Buffett Really Meant - Seeking Alpha
Jul 14, 2009 ... Buffett's comment about staying within one's “circle of competence” is usually interpreted as an admonishment to invest only in companies one ...
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Mar 9, 2012 ... Warren Buffett believes in operating from his "Circle of Competence". It is not how big your circle is, but how well you define and operate within ...
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- The Circle of Competence
Oct 4, 2006 ... The Motley Fool - "Buy what you know" really means "buy what you understand."
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Sep 21, 2011 ... By Andy Boynton, with William Bole Last month, when news broke of Google's $12.5 billion plan to buy Motorola Mobility, my thoughts went ...
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Warren Buffet, the famed investor, often discusses the concept of a “circle of competence.” In his field the circle consists of all businesses with which the investor ...