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.
[…] 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 […]