[My Takeaway] Some businesses are complex and some are easy. No one can understand all the businesses in the world. [Full Videos of Berkshire Hathaway Annual Meeting 1997] https://buffett.cnbc.com/1997-berkshire-hathaway-annual-meeting/ [ABOUT - Collection: Warren Buffett] Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :) <<Collection>> Check out all Collection: Warren Buffett, click ↑↑↑ [My 2 Cents] It's admirable how Warren and Charlie stays within their circle of competence and only swing hard on fat pitches. The key element is that they know what they don't understand .