Category: Finance
Warren Buffett and Charlie Munger emphasize the importance of operating within their circle of competence, avoiding investments in fast-changing industries where they lack expertise. They prefer to invest in comfortable businesses at reasonable prices rather than questionable ones, focusing on long-term value rather than market trends.
Keywords: Warren Buffett, Berkshire Hathaway, investment strategy
Source: The Acquirer's Multiple
Update At: 7/22/2024