#1
Know Your Limits
"The most successful investors stay within their circle of competence. Know what you understand well and resist the temptation to venture outside it."
Stay within your circle of competence.
Read Full Analysis →
Julian Robertson⭕ Circle of Competence
Julian Robertson's Circle of Competence Rules
Julian Hart Robertson Jr. (June 25, 1932 – August 23, 2022) was an American billionaire hedge fund manager. He founded Tiger Management Corp. in 1980, which became one of the largest and most successful hedge funds in the world, managing over $22 billion at its peak. Robertson is considered one of the pioneers of the hedge fund industry and is...
3 principles·Circle of Competence
3 Key Circle of Competence Principles
#2
Deep Understanding Required
"Surface-level knowledge is dangerous in investing. Develop deep expertise in your areas of focus. True understanding means knowing what could go wrong."
Develop deep expertise, not surface knowledge.
Read Full Analysis →#3
Expand Knowledge Gradually
"Expand your circle of competence gradually over time. Each new area of expertise adds potential opportunities, but only if mastered thoroughly."
Expand expertise gradually, one area at a time.
Read Full Analysis →Frequently Asked Questions
What are Julian Robertson's key circle of competence principles?
Julian Robertson has 3 key principles on circle of competence. The most important one is "Know Your Limits" — The most successful investors stay within their circle of competence.
How does Julian Robertson apply circle of competence in practice?
Julian Robertson applies circle of competence through several key principles including "Know Your Limits" and "Deep Understanding Required". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes Julian Robertson's approach to circle of competence unique?
Julian Robertson's approach to circle of competence is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Julian Robertson provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
