巴菲特了解旗下所有企业的营收 成本 现金流 劳资关系 价格弹性，以及资本配置的需求，他只选择在他智力范围内能够理解的企业。投资成功并不是靠你懂多少，而是认清自己不懂多少。“在自己的能力圈内投资，这并不是圈子多大的问题，而是你如何定义 圈子的问题。
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