This may be probably one of the most important aspects of investing i.e to know your circle of competence. The first question which arises here is to what do you mean by circle of competence. A random google search leads to the following meaning of the word competence The ability to do something well or efficiently. A circle of compentence is the area in which you are comfortable and is the area in which you can have a reasonable enough prediction about the future. You can absolutely have your own circle of competence and you should not get influenced by the circle of competence of others. By […]