the key is ability to determine the value and character to do it

来源: 2012-12-21 09:08:18 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

It's simple but not easy. 

It's very hard to determine the value of a company, especially when the market goes against you. No one has the ability to value everything, thus, Buffett said: stay within your circle of competence.