Скачать или смотреть "The Most Important Aspect of Investing" - Warren Buffett - MUST WATCH

“Knowing where the perimeter of your circle of competence is, and staying inside it, is crucial in investing.” — Warren Buffett

In this classic lesson, Warren Buffett explains why being a genius isn’t the key to wealth. Instead, it’s about defining your "Circle of Competence." He uses the brutal history of the auto and airline industries to show why predicting the future of an industry is NOT the same as picking a winning investment.

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Key insights in this video:
Why Buffett prefers chewing gum (Wrigley) over high-tech internet stocks.
The "Horse Lesson": Why it's easier to find losers than winners.
The Tom Watson (IBM) philosophy: Being "smart in spots."
Why 2,000 car companies failed even though the industry changed the world.
The difference between industry growth and economic profitability.

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About Masters of Compounding: We curate the most valuable wisdom from legends like Warren Buffett, Charlie Munger, and Howard Marks to help you become a better investor.

00:00 Invest only in what you understand (Circle of Competence)
00:18 What “understanding” really means (economics 10–20 years out)
00:47 The Wrigley chewing-gum example: predictable economics
01:10 Big trend ≠ easy money: the auto industry lesson (2,000 companies…)
02:10 “Short the horses”: identifying losers is easier than picking winners
02:24 Airlines: a huge industry that destroyed investor capital
04:35 TV sets: everyone bought them, manufacturers didn’t make money
04:55 Radio makers: 500 companies… and no U.S. manufacturer left
05:05 Coca-Cola: why enduring brands can be different (despite copycats)
05:40 The internet: love using it (Amazon), but don’t invest without clarity
06:00 Circle size doesn’t matter—know the perimeter and stay inside it
06:20 “I’m smart in spots”: the discipline of staying in your spots
06:35 Final warning: fool around outside your circle and you’ll get creamed

Take care.

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Disclaimer: Content for educational purposes only. Not financial advice.