Why It’s So Important: Developing Your Circle of Competence

Today, we talked about Why developing your circle of competence is so important. Also, I tell you my thoughts on the circle of competence and deal-making.

Today, we talk about developing your circle of competence and why it’s important.

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In my network of friends/family/colleagues, I’m most often known as ‘The Investment Guy’.

Because of this, I’m often asked about the latest trend in investing, whether it be years ago, gold and silver, the Greek Crash a couple of years ago, or more recently, weed stocks and cryptocurrency.

To see our other videos in this series, where I give my thoughts on weed stocks, crypto, diversification, retirement plans, and more, click here.

To begin with, we’re doing something a bit different.

I’m telling you why I’m more nervous doing some $8,000 deals than going after $18,000,000 deals.

It has to do with my circle of competence and deal-making and it affects you too.

Let’s get to it

Why It’s So Important: Developing Your Circle of Competence

In the 14-minute video above, I tell you my thoughts on my circle of competence and deal-making.

In summary, here are some of the things about in the video above:

  • Why I’m more nervous doing some $8,000 deals than going after $18,000,000 deals
  • How this relates to my circle of competence and experience
  • How you can gain the same confidence and experience
  • Why staying within your circle of competence is ultra important
  • And more…

In short, gain massive experience, knowledge, and skills to gain confidence in your abilities to do deals.

And ALWAYS either stay within your circle of competence or work hard and learn a lot to expand your circle of competence so you know what you’re doing.

Want to learn how to find, evaluate, value, and buy great stocks fast?  Ones that have helped me produce average annual investment returns of 23.5% per year on average in the first 9 years of my career?  Click here to learn more about our Value Investing Masterclass.

P.S. Go here, to get a free paperback copy of my book On Float to gain a massive advantage over other investors. You pay for the shipping then I pay for the cost of the book and I’ll ship it to you anywhere in the world.

P.P.S. If you want to become a better value investor fast, invest in our Value Investing Journey Masterclass

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