Topic: Ignore this Classic Business Law or Follow Your Instincts? - page 3. (Read 628 times)

Actually modern education makes people dumb, unproductive and slaves to the system's industries.
To do well, it's better to discover what you are gifted or talented in and have successful people who share similar talents to guide/refine you. But before this, consume the Word of the CREATOR of the Universe... learn basic maths, language, civics, morality, health and other necessary/important knowledge. They are what we call general knowledge for all or most people/talents.
The basic education tend to be somewhat fair, natural and useful. If you wish to go beyond the basics, look for successful people in your related field/talent and those knowledgeable in the above subjects to guide you, or get the books they have written to guide you.

What you call instinct are basically natural knowledge and talents. They are what society ought to build on and refine. Passing through modern school with high scores doesn't mean you will know how to solve world's problem properly. Infact people with great scores from such schools will need to rely on their natural knowledge to do well in society. Knowledge they obtain from the schools will certainly fail them because they are false Knowledge. The knowledge is actually light quencher capable of making smart people dumb and foolish.


There are rare cases where knowledge is "supernaturally" obtained or uploaded in a human or taught by his CREATOR in the mind and spirit. These can only be possible via contact with the CREATOR.

That do not invest if you don't understand is good and bad advice at the same time. A lot of people have invested in bitcoin without understanding what it is but they all have succeeded. Definitely, Bitcoin is an innovation and there is just no chance to miss profit by investing in it, that really was the case back in 2016. But I agree with that one, it's never bad to truly understand what you are investing in but one should never miss opportunities like Bitcoin and Ethereum had and still have.

It's really hard to give away really beneficial advice because future is so unpredictable. I would really be upset if someone has told me to not invest in Bitcoin because I don't know what it actually is. Sometimes instincts win.

In the past, I failed many times on my investing journey and that's because I follow my instinct that this is the right thing to do, I am closer to succeed if I chose this etc. that all keeps lingering in my mind. But only time can tell if you made the right decision, obviously in my case it turned out bad because i'm too confident. So for me, it would be better to understand first the investment before making a decision to invest.

There might be people who gain fortune by following their instinct. But not all are lucky to have such fate. It's either you will got lucky or regret not taking time to understand everything before taking a risk.

Following instinct is wiser, however usually human minds are so muddled we often do not recognize them.

Just because you miss 1 or 2 that could have worked doesn't mean you'll forget what's been an effective method 8 out of 10 times. It's okay to deviate from the strategies you usually follow but let's be realistic and think of how much are we talking about here. If this business that's unknown to you is asking a significant amount of money then you're probably not going to invest in it. If it's something that's not really going to affect your wealth as if you're only buying a lottery ticket then you'll likely go for it.

The truth is that while advice like that is in fact useful to help you avoid making huge mistakes, an advice like that can also stop you from making a very good move which could change your life.

So a balance must be reached, most of the time we need to avoid investing in assets we do not understand, however if we see that a particular asset has tremendous potential then we can take the risk and invest in it, even if we do not fully understand it, as this could be the opportunity that we have been looking for to obtain massive profits.

I heard a bunch of times like the word "Do not invest in what you do not understand" and in my opinion is good advice tho following our instinct is also a good idea to. If I am not following my instinct I would not be here in the cryptocurrency world.

Tho before invest learning is always in my opinion I mean we know nothing before and if we learn. We will understand.

For me you should follow your instincts. It is hard to invest if you are 100% not sure and if you cannot afford to loose what you are investing. I  know for sure that more people experienced that kind of missing out an investment, of course the regret could always be in the end. But what if he invested on an early stage then later on it went bankrupt, for sure he will also regret that. So better yet follow your instincts and make sure that the amount you will invest is what you can afford to loose. Also research first before investing to be able to know if it is a reliable or a scam project. At the end of the day your decision to invest will be depend on yourself. 

His story, despite turning good for the fintech company, still didn't mean he should rue how he didn't take his chances and invested the $100k he would've done. He shouldn't regret it. Yes, I know businesses of all shades are not without risk but I would rather take a calculated risk than take a blind one which contradicts my investment principle. No doubt, the way the man in that story felt about missing out on that deal will be the same feeling for those who missed out on Bitcoin when it debuted.

You absolutely shouldn’t be investing in what you do not understand. For every singular story like this there’s a million where people invested their money in things that they didn’t understand in which backfired on them and lost considerable sums.

He made the right call. I often see clients investing in equities or debt instruments that they don’t understand and I’ll never understand what drives them to want to invest so blindly, other than greed and ignorance.

Actually in investment what the investors need is to know the strength of the investment or platform before venturing into it, because scrutinising a platform is what that will make you as a good investors to be able to know exactly what's going on into the investment, I believe that investment of cryptocurrency is something the investors have to check it pockets before investing so that if they will be any lose it will not affect the financial strength of the investor, so it's good to invest what you can afford to invest  as you portray initially.

But even if you are a businessman, it is always best to know what you are investing with.
Blindly spending your money is not advisable as you are putting yourself at a higher risk of losing your funds.
So for me, when it comes to spending money, follow your instincts, whether the outcome is positive or not,
at least, you can tell yourself that you have done your job and not because someone told you so.

I think both of them are the same and I see it as a wrong approach although if we get lucky we can still be able to earn. Maybe you don't see a business mind there but there are for those people who does that. In a mind of any business person, I think there is always a greed. They want to grow their business and build more branch because it allows them to earn more profit. This ain't easy. It takes time but it surely worth it.

It's normal that marketing can be misleading most of the times. People are already used to it. There is a saying that when something is too good to be true, it is likely a scam. We can follow this principle to save our time making a research about the project.

For me, it is still very important to fully understand the stuff that we are going to invest in. It's our hard-earned money after all so we better spend it or invest it meticulously. Investing without understanding what really it is all about is already a sort of gambling and we do not want our investments to just depend on luck.

I would rather miss some opportunities because I still stick to my principles before investing. But there are always exceptions, of course, I can probably risk and follow my instincts but only with minimal amounts that won't hurt if in case it fails.  

There are times that this kind of scenario happens in our life. We experience having regrets with the missed opportunities we had. But that  is just part of life. That's why there are risk. If he invested, it's either it'll work out or not. If it was me, I would also doubt investing on something that isn't clear to me. Our instinct can be good but not all the time. It's understandable why he didn't invest on that company before since you said that he didn't know anything about it. But maybe, instead of regretting some of our missed opportunities, we should focus in present and the future. There are always new opportunities for us.

I won't ignore the "classic business law" that you're saying and at the same time, I will also take into consideration my instincts. If I'm going to make a decision similar to this, I'll weight things before deciding what to follow.

Every form of investment is like gambling because the outcome of the business is not certain. Sometimes our instinct moves us to consider investing in a venture but we shouldn't forget that instinct could be wrong or right. My take is that you don't just follow you instinct immediately, there is a need to research and at least learn the basics of the investment. You need to know how the business runs and how it intends to make its profit. Except you have money to waste, we shouldn't invest blindly just because something in us stirs us up to do that.

To answer your question Op, I will not invest in any business based on instinct. I don't need to go to Havard or Yale to understand any business. Using my phone I can get all the information I need to about the business. There is no need for hasty decisions, there is always a need for learning and evaluation. I believe that opportunity will always come, so if I miss one another door will open.

On the other hand, what is instinct? It may be what enables you to make the right decision. If you reject what your instinct tells you to do because of negative past experiences, you could be making a big mistake. The fear of repeating past mistakes will hang over you. It is worth considering that the laws of the universe do not always work.

Learn first about what you are trying to do. If you are unaware of something, it is always the best action to avoid it. If you know nothing about it or do not understand it, then how is your instinct going to work? Never stick to your past mistakes. It will only create regrets. Instead, learn from your mistakes, and find out what was the reason why you were unable to understand it. Learn about new things that might pop up in the future with better opportunities. It is not an overnight scheme that will increase your investment. Everything takes time. So, find the potential ones that you think will give you more in return.

Stuck in the past, you will lose your present and future. Business laws were not created in a single day. It came to us from a long time of experience with trial and error. If you failed to grab the opportunity in the past, maybe you lack something. Try to fix that and take yourself to the level where you won't have to lose any opportunity again. Following your instinct is always based on luck. The whole universe runs on rules, not one's instinct. So you need to understand that. The moment you take action based on your instinct, you are acting based on your emotions. Try to avoid that if you want success.

That’s always the rule before you decide to invest, know what you are investing for. Otherwise, you may only waste your money and efforts from believing in a scam project. However, if your instinct is pushing you to invest, then you can always invest with a small amount that you can afford to lose. That way, you will not be regretting your decision whether you win or lose, because you grab the chance thinking that it could be another missed opportunity if you let it slip again.

The topmost tier in every decision-making process... is luck.

Fools will always lose to the intelligent,
While the intelligent will always lose to the fortunate.

Many believe that luck is solely the will of a higher power. However, in reality, by being knowledgeable and educated, our chances of becoming fortunate are also increased. Indeed, we cannot guarantee the arrival of luck, but with education and knowledge, we have at least expanded our possibilities of attaining such fortune.