Try Out New Things and Expand Your Circle of Competence

by Bill Miller
Most people say they want to stay within their circle of competence, and that’s smart. But there’s no reason to say “Here’s my circle of competence and, guess what, it’s never getting any bigger because I’m not going to learn anything new.” We’re trying to understand new things if we can.
Source: http://www.valueinvestorinsight.com/