Circle of Competence | The Most Misunderstood Aspect of Investing!

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Today I explain what Warren Buffet means by Circle of Competence, as well as how to use it to your advantage! Circle of Competence is a vital component of Buffet's investing strategy which has compounded his wealth at well over 20% per year for more than half a century.
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Disclaimer: The information & opinions in these videos are strictly for educational & entertainment purposes ONLY. None of the opinions discussed should be taken as financial advice as I am NOT a financial advisor. Please do your own research & consult a financial advisor.

Пікірлер: 20

@financialprosperity19 5 жыл бұрын

I completely agree. It only takes a few companies where you understand the business model very well and you will do well in the market.

@brainstormer2520 3 жыл бұрын

Nice explanation.

@TuanTran-sl3lv 5 ай бұрын

Thanks Hamish

@TuanTran-sl3lv Жыл бұрын

Thanks again for your video Hamish

@TuanTran-sl3lv Жыл бұрын

Thanks for your video Hamish

@Skyguy243 4 жыл бұрын

Hey Hamish, just wondering : how can I learn more about a business or an industry before I invest? Thanks

@sylvias111 5 жыл бұрын

Thanks!

@chirag3179 5 жыл бұрын

you do a great job hamish. keep it up and happy new year

@HamishHodder 5 жыл бұрын

Thanks and Happy new year!

@shivaa3ps177 3 жыл бұрын

How do you build the circle of confidence in a new type of industry? Example: Pharma? Read annual reports of multiple pharma companies? If you know that you are missing out on opportunities due to small circle of confidence, should you not expand it?

@vu3atg835 3 жыл бұрын

Talk about semiconductor companies....I think it's near my circle

@orlando2ish 3 жыл бұрын

Hi! I understand this is somewhat stupid question because you kind of said in the video how, but I was wondering if you can make a vídeo explaining how do I start “constructing” a circle of competence. Is it by reading 10K reports of companies in any industry desired, is it by superficially learning about an industry in the internet… I’m a beginner investor and I listen to value investors saying “never leave your circle of competence” but they never tell how to create one in the first place. P.s. New Money channel brought me here. Great video Hamish Hodder!

@Sherman22fzy 4 жыл бұрын

Hi Hamish, I have been following your channel for some time and a beginner at investing here. While other are binging on netflix. I'm here binging in your information. haha! I have a question that you may have answered in your other videos but I will probably take some time to finish watching all of them. And that is, how do you find out more about a certain industry after you've decided that you want to invest in a particular business say for eg" restaurants". For myself, I'm keen to find out more about the F&B and real estate industry but am at the most outer circle of competence. Hope my question was clear.

@johnpalmer4128 5 жыл бұрын

Key point is to avoid complicated businesses or businesses that take on debt to expand beyond their level of competence. Plenty of examples where they mess it up - eg Vocus buying out M2 Telecommunications - I know they aren't in your investing universe but still highlight the point you are making

@danielhill8497 5 жыл бұрын

Well done Hamish on getting 1K subs. My prediction is you will have 2.5K by the end of the year 😃 Enjoying the content and the easy listening podcast with Brandon, I listened to the podcast on my drive in to work.

@HamishHodder 5 жыл бұрын

Thanks so much daniel, Lets hope I can get there! Glad you are enjoying the content.

@andreistan1007 4 жыл бұрын

Great video! Maybe a foolish question, Hamish...but don't judge I'm at the beginning. How do you get to all those info about a company ops in order to understand it? For example, you talked about Thor taking payments upfront for delivering their product. How did you find this out? Some tips will be very helpful.

@ando209 5 жыл бұрын

Great video. How about a video on how to research a management team? And what to look for.

@HamishHodder 5 жыл бұрын

Great idea!

@JennaMcCormick5 4 жыл бұрын

@@HamishHodder I agree, what you're saying is really helpful and certainly makes me see the importance of understanding your business, but HOW do I get all this information about the business? where are good places to look and key words to look out for when trying to understand. Your knowledge of Thor is clearly very in depth and I just want some help on how you got there for the companies I will look to invest in the future. Thanks!