Hi! I understand this is somewhat stupid question because you kind of said in the video how, but I was wondering if you can make a vídeo explaining how do I start “constructing” a circle of competence. Is it by reading 10K reports of companies in any industry desired, is it by superficially learning about an industry in the internet… I’m a beginner investor and I listen to value investors saying “never leave your circle of competence” but they never tell how to create one in the first place. P.s. New Money channel brought me here. Great video Hamish Hodder!
Key point is to avoid complicated businesses or businesses that take on debt to expand beyond their level of competence. Plenty of examples where they mess it up - eg Vocus buying out M2 Telecommunications - I know they aren't in your investing universe but still highlight the point you are making
How do you build the circle of confidence in a new type of industry? Example: Pharma? Read annual reports of multiple pharma companies? If you know that you are missing out on opportunities due to small circle of confidence, should you not expand it?
Hi Hamish, I have been following your channel for some time and a beginner at investing here. While other are binging on netflix. I'm here binging in your information. haha! I have a question that you may have answered in your other videos but I will probably take some time to finish watching all of them. And that is, how do you find out more about a certain industry after you've decided that you want to invest in a particular business say for eg" restaurants". For myself, I'm keen to find out more about the F&B and real estate industry but am at the most outer circle of competence. Hope my question was clear.
Great video! Maybe a foolish question, Hamish...but don't judge I'm at the beginning. How do you get to all those info about a company ops in order to understand it? For example, you talked about Thor taking payments upfront for delivering their product. How did you find this out? Some tips will be very helpful.
@@HamishHodder I agree, what you're saying is really helpful and certainly makes me see the importance of understanding your business, but HOW do I get all this information about the business? where are good places to look and key words to look out for when trying to understand. Your knowledge of Thor is clearly very in depth and I just want some help on how you got there for the companies I will look to invest in the future. Thanks!
Well done Hamish on getting 1K subs. My prediction is you will have 2.5K by the end of the year 😃 Enjoying the content and the easy listening podcast with Brandon, I listened to the podcast on my drive in to work.
I completely agree. It only takes a few companies where you understand the business model very well and you will do well in the market.
Nice explanation.
Thanks again for your video Hamish
Hey Hamish, just wondering : how can I learn more about a business or an industry before I invest? Thanks
Thanks Hamish
Hi! I understand this is somewhat stupid question because you kind of said in the video how, but I was wondering if you can make a vídeo explaining how do I start “constructing” a circle of competence. Is it by reading 10K reports of companies in any industry desired, is it by superficially learning about an industry in the internet… I’m a beginner investor and I listen to value investors saying “never leave your circle of competence” but they never tell how to create one in the first place.
P.s. New Money channel brought me here. Great video Hamish Hodder!
Key point is to avoid complicated businesses or businesses that take on debt to expand beyond their level of competence. Plenty of examples where they mess it up - eg Vocus buying out M2 Telecommunications - I know they aren't in your investing universe but still highlight the point you are making
How do you build the circle of confidence in a new type of industry? Example: Pharma?
Read annual reports of multiple pharma companies?
If you know that you are missing out on opportunities due to small circle of confidence, should you not expand it?
Hi Hamish, I have been following your channel for some time and a beginner at investing here. While other are binging on netflix. I'm here binging in your information. haha! I have a question that you may have answered in your other videos but I will probably take some time to finish watching all of them. And that is, how do you find out more about a certain industry after you've decided that you want to invest in a particular business say for eg" restaurants". For myself, I'm keen to find out more about the F&B and real estate industry but am at the most outer circle of competence. Hope my question was clear.
Great video! Maybe a foolish question, Hamish...but don't judge I'm at the beginning. How do you get to all those info about a company ops in order to understand it? For example, you talked about Thor taking payments upfront for delivering their product. How did you find this out? Some tips will be very helpful.
Talk about semiconductor companies....I think it's near my circle
you do a great job hamish. keep it up and happy new year
Thanks and Happy new year!
Great video. How about a video on how to research a management team? And what to look for.
Great idea!
@@HamishHodder I agree, what you're saying is really helpful and certainly makes me see the importance of understanding your business, but HOW do I get all this information about the business? where are good places to look and key words to look out for when trying to understand. Your knowledge of Thor is clearly very in depth and I just want some help on how you got there for the companies I will look to invest in the future. Thanks!
Well done Hamish on getting 1K subs. My prediction is you will have 2.5K by the end of the year 😃 Enjoying the content and the easy listening podcast with Brandon, I listened to the podcast on my drive in to work.
Thanks so much daniel, Lets hope I can get there! Glad you are enjoying the content.
Thanks!
Thanks for your video Hamish