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Warren Buffett: Circle of competence

“If you have doubts about something being into your circle of competence, it isn’t…. If you get to something that your friend is buying, or that everybody says a lot of money’s going to be made, and you’re not sure whether you understand it or not, you don’t. It’s better to be well within the circle than to be trying to tiptoe along the line.” —Warren Buffett.


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