Shout out to @sbabmarks !! As a lender, he didn’t just quote terms, he helped me completely rethink a key deal, restructure it, and navigate a tricky seller conversation. He’s a true strategic partner (without being on your cap table). Highly recommend talking to him.
"It is not work that kills men, it is worry. Work is healthy; you can hardly put more on a man than he can bear. But worry is rust upon the blade. It is not movement that destroys the machinery, but friction." - Henry Ward Beecher
What's something you're worried about?
Nobody is coming to save you.
Not your friends. Not your family. Not the government
They can offer advice and tools.
But at the end of the day, it's up to you to change your mind and act regardless of how you feel.
A thread of advice you need to hear:
It seems to me that the personal evolutionary process takes place in five distinct steps. If you can do those five things well, you will almost certainly be successful.
Together, these five steps make up a loop, like the one here. #principleoftheday
The Joys of Compounding really surprised me.
One of the best books I've ever read.
Here are some of my favorite Notes:
1. Investing is all about reading between the lines.
The advantage comes from your interpretation of things.
2. Self-improvement is the ultimate form of investing.
Nothing will have better returns than working on yourself. Your knowledge, character, and health.
3. Form habits around everything productive you do.
Reading, saving, learning a language. Make a habit of everything that makes you better.
4. Be a Generalized Specialist
Generalizing specialists have a core competency. Simultaneously, they keep improving in other areas.
5. Mental Models are Additive
Mental models work like building blocks. The more you add, the bigger the construction will become.
6. Wisdom comes from doing Less
Your best thinking comes from slowing done and concentrating. Not multitasking.
7. Ask questions
The best way to keep learning is to keep asking questions.
For some reason, we stop doing that as adults.
8. Microeconomics dominate Outcomes
Focus on those investments for which the microeconomics are going to dominate the outcome.
9. Geniuses exploit Simplicity
Simplicity is the result of long, hard work, not the starting point. Embrace simplicity.
Whenever you can, avoid complexity.
10. Better be Roughly Right than Precisely Wrong
Investors should seek opportunities where they only need to be roughly right.
Because precise estimates are rarely right at all.
11. Focus on Longevity
In personal life, but also in investing, focus on longevity.
It'll pay much higher returns than quick gains.
12. To finish First, you must first Finish
The greatest investors are the ones that survived the market's moods the longest.
There will always be bad downturns. Those are the most crucial moments in one's career.
Did you already read the book, if so, what did you think?
Omar Brown continues to impress. Twenty-two tackles this season, tied for second-most on the team. Was everywhere against La Tech with a team-high seven solo stops.
You see this tackle missed so much in CFB. Guys tend to whiff on these speed outs while on islands. Brown held on.
Working Capital 101 🔥
Let me save you years of headache. I've put together an example that should explain everything you've ever wanted to know about working capital
Now you know everything
It's time to mark your calendars. We've got some exciting events this month.
Share this post with your friends, family, and colleagues who may be interested! Learn more about our upcoming events at https://t.co/AGVFBXylZd
#Entrepreneur#entrepreneurs#smallbusinesstips
Margin of Safety is even more important when everything is going well
Investors suffer huge losses chasing gains in good times
"Don't let your ambition ruin your position" - James Clear
Let's break down how to identify the margin of safety in a stock:
I’ve been fortunate to build over 𝟭𝟬𝟬 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗺𝗼𝗱𝗲𝗹𝘀 in my career…
and each time, I learn something new.
But the general process is fairly consistent across each one…
and can be summarized in just 7 steps
Let me take you through each step...
Peter Thiel once said:
"All failed companies are the same. They failed to escape the competition."
Analyzing the competitive landscape of a market is essential for investors
Let's look at why Costco has managed to escape its competition: