Sentences with phrase «own circle of competence»

«When you find something where you know the business, it's within your circle of competence, you understand it, the price is right, the people are right,» he said, «then you take your thumb out of your mouth and you barrel in.»

He added, «When you find something where you know the business, it's within your circle of competence, the price is right, the people are right, then you take your thumb out of your mouth and you barrel in.»

Professionals understand their circles of competence.

Who needs to listen to folks like Warren Buffett as they constantly espouse the virtues of staying within your circle of competence?

The real key to making money in the stock market lies in longevity, in investing within your means and inside your circle of competence, and in never losing money.

Is it within my circle of competence?

One should aim to first make sure they're investing in businesses that are within one's circle of competence.

That is no time to be reading a book on the theory of diversification... When you find something where you know the business is within your circle of competence, you understand it, the price is right, the people are right — then you take your thumb out of your mouth and you barrel in» Warren Buffett

Adding to that oversupply problem are people who stray out of their circle of competence, since risk comes from not knowing what you are doing.

A few years ago Warren Buffet bought IBM, and some people say he walked out of the circle of competence.

Belief update: My circle of competence for making discretionary investments is smaller than I thought.

Merton and Scholes won the 1997 Noble price for the same discovery, but were unable to control themselves and use it safely within their circles of competence.

Doesn't seem too expensive either — but unfortunately its circumstances are a little too far outside my «circle of competence» for me to add any other insights....

Instead of being a market timer, I'm a buy - and - sell investor, with a focus on valuing individual stocks.Find stocks that lie within your circle of competence, analyze them as to whether they meet your qualitative criteria (such as competitive advantage, strong balance sheet, high return on capital, shareholder - friendly management.

«Defining your circle of competence is the most important aspect of investing.

«It's vital, however, that we recognize the perimeter of our «circle of competence» and stay well inside of it.

That's why Warren Buffett's assertion that investors stay within their circle of competence is so incredibly important.

Some key ideas that i learnt about are: We should start investing ASAP, Importance of thorough background search, Concept of margin of safety, How to pick stocks, How much to invest, How to invest, How to develop a circle of competence etc..

Great investors have become great by following this very principle of «circle of competence».

It would be dumb of me to say «You should buy x stock, you should buy y stock» because (1) there are a lot of ways to create inflation - adjusted wealth over the long haul in a country with an economy worth over $ 13 trillion, and (2) you have to do it in a way that is within your circle of competence and fits your style and risk profile for investing.

Remember your circle of competence.

That is what expands your circle of competence, and deepens your knowledge at the core.

It is good to be curious, and learn things a jump or two outside your circle of competence.

You only have to be able to evaluate companies within your circle of competence.

With the float Buffett has to invest, he has the opposite problem in that he often has far more investable funds than opportunities that are within his circle of competence.

Warren Buffett calls it - investing within your «circle of competence».

Berkowitz» answer was basically that he invests in what he knows (his circle of competence), and he also said something else I found interesting: he uses checklists.

Apart from the fundamentals, it's important to check the quality of the company which includes finding out your circle of competence, moat, management etc..

I can not value most businesses because they are out of my circle of competence.

So use your advantage as a long - term investor to its fullest — go beyond the «obvious» bargains to ones that are far more likely to result in success if you stay within your circle of competence.

And as investors become more experienced, hopefully they become more comfortable with what they know and what their circle of competence is.

Be conservative, and know your circle of competence In the dying moments of this posts series, I wish to underscore Warren's mantra once more: Be aware of your circle of competence, and stick within it.

Everyone has different risk tolerances, time horizons, income needs, circles of competence, etc..

We only invest in companies and industries that are inside of our circle of competence, which isn't very large.

And you've got to play within your own circle of competence.»

It would be dumb of me to say «You should buy x stock, you should buy y stock» because (1) there are a lot of ways to create inflation - adjusted wealth over the long haul in a country with an economy worth over $ 13 trillion, and (2) you have to do it in a way that is within your circle of competence and fits your style and risk profile for investing.

According to Fisher, trying your hands at such stocks is a sure shot case of venturing outside your circle of competence and the odds are very high that you will make a mistake.

And you play only when you get the fat pitches inside your circle of competence.

«Every person is going to have a circle of competence.

Some of these concepts are, among others, the Dhandho concept of doing business, risk vs uncertainty, circle of competence and margin of safety.

The «circle of competence» idea is very simple.

The margin of safety idea applies to circles of competence as well.

Moreover, every company featured here has a business model that's fairly easy to understand, because it's important to invest in businesses that are within your circle of competence.

This is what I believe Mr. Buffett meant when he talked about «circle of competence.»

And people who could never win a chess tournament or stand in center court in a respectable tennis tournament can rise quite high in life by slowly developing a circle of competence — which results partly from what they were born with and partly from what they slowly develop through work.

Be humble especially, when you are out of your circle of competence.

Buy a company which is within your circle of competence.

6) ETFs allow investors to play well outside their circle of competence.

Though many managers will say that the benchmark reflects their circle of competence, and they do well within those bounds, my view is that it is better to loosen the constraints on managers with good investment processes, and simply tell them that you are looking for good returns over a full cycle.

(1) The circle of competence, which essentially relates to an information advantage and holds that you will do better if you stick to what you know more about than others.