Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management and limited e… - Warren Buffett

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Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management and limited exposure to hard times. ... Buy into a company because you want to own it, not because you want the stock to go up. ... People have been successful investors because they've stuck with successful companies. Sooner or later the market mirrors the business.