My favourite circle of competence quotes:
• "The most important thing in investing is to stay within one's circle of competence." - Warren Buffett
• "If you don't know a business, don't invest in it." - Charlie Munger
• "You don't have to be an expert on every company, or even many. You only have to be able to evaluate industries and the companies within them." - Peter Lynch
Hang these on your wall.
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