I'm not an investor guru by any means. However I continue to learn the art of investment.
First of all, we must understand that best investment is always investing in ourself. For me, it means learning about yourself, learning what kind of person you're, figuring out what you love to do , figuring out what makes you come alive and doing many experiments with your life.
Secondly, I truly believe that if you want extra ordinary gains with your investment then you must be able imagine a world 10 years from now and place your bets. 90 percent your bets might fail and if you continue to learn along the journey and allow yourself to make mistakes and find at least few successful investors to follow then you'll cultivate good investment decision making.
we are the average of the five people we religiously follow on Twitter.
Thirdly, If you're investing in a start-up then you actually betting on the founding team ability to build a successful business. If you're investing in a protocol HIVE or Bitcoin then you have to deeply understand that how big the problem HIVE is trying to solve.
Startups don't die when they run out of cash, they die when the founders run out of energy.
The difference between investing early into a company and investing early into a protocol is that companies die when they run out of cash, but protocols die when they run out of believers.
Thank you for reading.
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Wao, reading you is identifying myself with exactly what I think about life. Money is important but when there is no passion or belief in what you do, it loses its value completely.
We must, as you say, evaluate ourselves and know and define what we really want and where we see ourselves in a few more years.
#hive has every chance to be successful because it has something that other networks don't: committed people who love this beehive and see it as their home for the long term (I am included among those people and I am very grateful every day to be here with good people like you).
Thank you for that dedication and love you put into everything you do to make Hive the best place in the world.
I was very motivated to read you. I leave you a big hug and my best wishes for this new week, dear @nathanmars.
Let’s enjoy our HIVE journey together and Think long term.
I appreciate your efforts and we’re a big team
The value of compounding cannot be overstated. Time multiplied by return adds up to be some big numbers over time.
This is the key to investing.
Also, when you know something very well, go into it in a big way (minding sound money management principles). This is where the enormous payout comes from.
After all, Jeff Bezos and Elon Musk are not very diversified yet they are two of the richest men in the world.
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Andrew Carnegie Said
Very well said. I also make small bets thinking where it will be in 3-5 years. Then two year later I'm thinking, why in the hell did you not buy more! And needless to say I am looking forward to the pain and regret of not stacking more Hive!
Cheers
I've been there myself.
Investing is being resilient as well. It means you should be able to bounce back from your failure. Personally, I think it is also about taking calculated risks. And, that's where the concept of investing in yourself is critical. By continuous learning, you will make sure that you are reducing the risk of investment.
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Continuous learning is super important!
Investing - unlike sports - is a game that we're likely to play for the rest of our lives. It's a slow process and you'll never stop learning. Just stay in the game and keep making choices based on your core beliefs :)
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Exactly!
All returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
Everything we learn compounds and we must be willing to unlearn and relearn all the time
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I cannot agree more with these words. Investing in yourself first is the first things to have, learning before earning. 💯
learn before earn - @hiro-hive
Unlearning and Relearning is super important as well
I have to upvote this because it sounds and feels true.
Thank you
It's all about the journey
Very well said Brother.
Your below lines are very useful for new startups or company
Startups don't die when they run out of cash, they die when the founders run out of energy.
The difference between investing early into a company and investing early into a protocol is that companies die when they run out of cash, but protocols die when they run out of believers.
Thanks for sharing
Let’s create more True believers of our HIVE protocol together
Its all about concentrating your bets and into something you can hold for years and then time in the market, instead of trying to time the market.
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Well said my man.
Focus is so damn important
I mean it's possible though...
If it takes 6 months to create wealth then It'll take another 6 months to destroy it.
If investing was easy, everyone would be rich.
If self-discipline was easy,everyone would be fit.
If learning was easy, everyone would be calm and smart.
Those are very true words. There is the rarity though. The one in a million case.
Interesting