Circle of Competence
Hi,
Am i the only one who doesn't like investing into tech? Don't get me wrong i have tech stocks but i personally tend to avoid them. I have a big issue with investing in the hottest trend. It might be quirky or cringe but something bugs me. Always seeing the same companies being posted, and magically getting fed by another company and so forth and so forth before it's a giant ring and spiderweb.
I guess that goes back to Buffet and his whole outcome on Circle of Competency - investing in what you know and investing in something you understand and are competent with. Tech (think Nvidia, ASML, Micron, Sandisk ect ect) for me is something i don't get at all, yet I've grown up with it. I believe I'm more competent in traditional sectors like finance and definitely industrial stuff.
Is anyone else like that?