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How to Create Your Circle of Competence (Video Post)

Here is a video I created for students of my Mastermind Value Investing Course.

I thought it would be useful for you as well, so sharing it here.


If you can’t see the video above, see here.

Tom Watson [the founder of IBM] said – “I’m no genius. I’m smart in spots and I stay around those spots.”

The entire idea about the Circle of Competence concept is to help you find your spots, which is so very important to your success as an investor. And that’s exactly what the above video will help you learn.

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About the Author

Vishal Khandelwal is the founder of Safal Niveshak. He works with small investors to help them become smart and independent in their stock market investing decisions. He is a SEBI registered Research Analyst. Connect with Vishal on Twitter.

Trackbacks

  1. […] whose intrinsic value you are trying to calculate. This can only happen when you stay within your circle of competence and study businesses you understand. Simply exclude everything that you can’t understand in 30 […]

  2. […] The entire idea about the Circle of Competence concept is to help you find your spots, which is so very important to your success as an investor. And that’s exactly what I have explained in this short video. […]

  3. […] and de-prioritize the bottom 80%. And this is why Buffett’s philosophy of sticking to your circle of competence makes so much […]

  4. […] Knowing and researching 70+ stocks is, in no way, having a small circle of competence. […]

  5. […] their own knowledge; that’s one of the most basic parts of human nature. Knowing the edge of your circle of competence is one of the most difficult things for a human being to […]

  6. […] that is a very, very powerful idea. Every person is going to have a circle of competence. And it’s going to be very hard to advance that circle…So you have to figure out what your […]

  7. […] this distinction that Domino’s wasn’t really a missed opportunity. It was never in my circle of competence, for two reasons – (1) I didn’t understand Domino’s business and its valuation in […]

  8. […] this distinction that Domino’s wasn’t really a missed opportunity. It was never in my circle of competence, for two reasons – (1) I didn’t understand Domino’s business and its valuation in […]

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