You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
--
Warren Buffett
Related quotes (
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Not everything that can be counted counts, and not everything that counts can be counted.
Strive not to be a success, but rather to be of value.
Acquaintance, n.: A person whom we know well enough to borrow from, but not well enough to lend to.
I say to you never involve yourself in debt, and become no man's surety.
Live within your means, never be in debt, and by husbanding your money you can always lay it out well.
When you get in debt you become a slave.
Greed is not a financial issue. It's a heart issue.
The real measure of your wealth is how much you'd be worth if you lost all your money.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
The biggest threat to long-term returns is your behavior in the short term.
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