"It should not be an objective to broaden your circle of competence," Mohnish Pabrai declared in a Q&A session with Harvard students at the beginning of April this year.
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Pabrai made these comments as part of a response to a student who asked him and his fellow investor, Francis Chou for their advice on how to get started in investing, and where to start looking for good investments.
A narrow circle
Chou started the reply. He said that the best way...
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