MJ Industries

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Investing in oneself, particularly in developing subject matter expertise, is a fundamental principle that many successful investors emphasize. Whether it’s honing skills in healthcare, education, banking, or any other field studied in academia or experienced in the workplace, knowledge is the most valuable asset one can possess. Legendary investor Warren Buffett once said, “Risk comes from not knowing what you’re doing.” This underscores the importance of understanding the businesses one invests in. Rather than fixating on stock prices, Buffett advises focusing on the fundamentals of a company: its operations, finances, and management. Investing in businesses that one understands and believes in can lead to long-term success. For instance, if you have expertise in international trade, companies like Amazon could be a potential investment avenue due to their extensive involvement in global commerce. Similarly, identifying companies with durable competitive advantages, known as franchis...