'You will Never Lose Money in Investing, If....' - Mohnish Pabrai | Stocks | Investing

The concept of a "Circle of Competence" in investing emphasizes the importance of staying within one's areas of expertise. It suggests that successful investing requires a deep understanding of the industries, companies, and financial instruments one is familiar with. By staying within this circle, investors can make informed decisions based on their knowledge, increasing the likelihood of long-term success in the financial markets.

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