Reported 21 days ago
In a recent discussion, Smead Capital Management CEO Cole Smead highlighted the importance of expanding one's 'circle of competence' to invest effectively, akin to Warren Buffett's approach. As Berkshire Hathaway adjusts its investments, including reducing stakes in companies like Apple and Bank of America, Smead emphasizes that understanding various industries allows investors to navigate beyond Wall Street's mainstream options. By continuously learning and studying different businesses, investors can enhance their competency and make informed investment choices over time.
Source: YAHOO