Warren Buffett shares his core investment advice. 💸💰

Investment Philosophy - Emphasizes the importance of understanding one's circle of competence in investment decisions [1][2] - Focuses on investing in opportunities that are both knowable and important [1] - Highlights the significance of identifying the boundaries of one's circle of competence [2] Risk Management - Does not focus on opportunities outside the circle of competence [3] - Acknowledges that mistakes are more detrimental when they occur within the circle of competence [3] Investment Scope - Estimates that only 5% to 10% of companies fall within the circle of competence for evaluation [3]