Topic: Ignore this Classic Business Law or Follow Your Instincts? - page 5. (Read 628 times)
Bitcoin created such an opportunity in everyone's life but we didn't take advantage of this opportunity at that time which is why we are regretting at this time. If we had invested three or four years ago when Bitcoin was under $10,000, we might have owned hundreds of thousands of dollars today, but we couldn't invest at that time, which is why we are regretting the past. I think we still have the opportunity to become millionaires because Bitcoin has the potential to go from $30,000 to $100,000 but we can't take that risk. If we can accept these risks, we will be successful in the future.
I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
I think the former is better. Instincts will be correct only 50% of the times which means it's nothing but just chance. Better is to go by your knowledge, deal only in those things that you understand. This will make sure that you don't fall into get rich quick schemes. This also ensures you keep on learning even more to make sure that you never invest without knowledge. They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
A conviction within the investment is rarely possessed when you did not understand well and comprehend the business aspect, profit scheme, and market potential. Other than that, I can say firmly it is very likely a gamble. There is also a general idea that most investor value a founder's vision and their hard work, but without a basic understanding about how their business works, it is very likely they might just get deceived.
If someone follows their instinct without any consideration yet the result is significantly good, I rather say it is pure luck. Sadly, it is not the case as what he said in the lecture.
I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
Go with the classic rule, don't invest on anything you don't understand or convinced enough. I remember while watching a podcast of Mark Cuban he mentioned that the founder of Uber approached him to make investment while it was a start up but he didn't believe in it and moved on but later Uber became multi billion dollar business all around the world but still Mark Cuban didn't lost anything he just missed an opportunity while if we go with our instinct everytime we will go bankrupt. They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
The instinctive emotional isn't always right, the brain is such a machine that it can manipulate you. You can convince yourself that it is true. It seems unusual to me to make an investment without doing a deep analytical research and it's up to you to understand the logic of the business. It's so clumsy to just instinctively approach something beyond my grasp. If 100 thousand dollars was a huge amount, a small amount to be sacrificed, at some point I would act instinctively, then it would be like a bet and I would look at my entertainment.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
$100k is huge and that could get you at least BTC3 with the prevailing market price and still have a balance of over $9k.From all we know, investments could go either ways. It’s always a matter of you profiting or making a lose, there isn’t an in between about it. Should the investment have failed and ended in a lose for all who invested, he just might have been saved by the principles. Now that it turned out to have ended in profit, he at least has his $100k and maybe have grown it in other investments as well.
Should he have narrated some other stories, am sure there would have been occasions where these principles might have saved him.
Understanding how a project hopes to make profit or grow the project and the risk associated is of great importance. Don’t be deceived by instincts. They aren’t always right but it’s your decision either to follow or not. You ought to be receptive of the outcome and learn from them.
For me personally it will really depend on how much money the start-up asking me to invest, if they asking like huge amount of money like $1M (if I have that much money) even if my instinct strongly suggest that I should invest on them, but I don't understand how they work, I still wouldn't invest, I wouldn't listen 'bet' $1M on my instinct.
I will choose to only invest what I can afford to lose and the project that I really understand. Even though this is same like the classic business law you wrote above, but this is pure of my decision and their words have nothing do with me.
Follow your instincts to invest is similar like gambling where you buy a shitcoin and speculate the price will up for 2x, 5x or 10x in the future. The first rule to invest in cryptocurrency is avoid shitcoin which is mostly about centralization.
Follow your instincts to invest is similar like gambling where you buy a shitcoin and speculate the price will up for 2x, 5x or 10x in the future. The first rule to invest in cryptocurrency is avoid shitcoin which is mostly about centralization.
... What should you do? Listen to the former or follow your instincts?
Everything should be for reference only, and always summarizing your own experiences, you can dig deep into the startup, its business model, related industry and growth potential. This will give you a clear view of the company's likelihood of success and risk. Listen to what your business instincts say, but consider it carefully before making a decision. If you believe the startup has great potential and you have done enough research, you can decide according to your instincts. Consider your finances and determine how much risk you can accept. Don't invest important money that you can't lose. Refer back to the sharing of people with experience in the industry or from investment experts. They can provide useful information and advice on investment choices. Consider all of the above factors and make a deliberate decision. If you can learn more about the company and its business model, this could be an attractive investment opportunity. However, always remember that investing in what you don't understand carries risks. I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
When we know what will happen in the future it will be very easy, but we never know what will happen. I think knowledge about investing is the most important point. If you have an instinct or interest in unknown investing, then you should first study that field. If you just stick to instinct then it's just speculation or gambling. It might work but it's just luck
The bitcoin case, which is currently very expensive, might be an example. In the past, I think many people were familiar with bitcoin, but most people either didn't believe in bitcoin or thought bitcoin was bullshit. Or maybe a lot of people have sold their bitcoins by the time they hit $2000. I think there are a lot of people who regret selling their bitcoins. But that's investment, investment is a gray space, it's very difficult to determine which projects will be successful in the future. One way to find out is with analysis and knowledge, although not guaranteed but better than instinct
This is a success story, but there may be thousands of stories of people losing their money to make investments in things they don't understand.
A good investment is a balance in which your investment proceeds are diversified into several sections, some of which are to provide liquidity, low risk investment, medium risk, and high risk. In the category of high-risk investments, you can divide your investments into high-risk investments that you know about and high-risk investments that are unknown to you.
With a good diversification of your investments, high-risk investments may be unknown to you, representing about 5% of your total investments, and then an investment of a small amount such as $ 1,000 may achieve an excellent return within two years.
for some people bitcoin is high-risk investments known to them and for other is unknown, you need to learn and read about many things to be readt for this investments.
A good investment is a balance in which your investment proceeds are diversified into several sections, some of which are to provide liquidity, low risk investment, medium risk, and high risk. In the category of high-risk investments, you can divide your investments into high-risk investments that you know about and high-risk investments that are unknown to you.
With a good diversification of your investments, high-risk investments may be unknown to you, representing about 5% of your total investments, and then an investment of a small amount such as $ 1,000 may achieve an excellent return within two years.
for some people bitcoin is high-risk investments known to them and for other is unknown, you need to learn and read about many things to be readt for this investments.
Instincts are simply a guess. Ofcourse you'll have regrets because the ouctome could have been better, but what if it did not? It is a matter of considering what works more often. Instincts should be considered indeed but never be dependent into it. This is why there's a formal study of things 'coz it is a more structured process to succeed in a particular thing or activity. There are successful businessmen who did not go to formal schooling but still made it. But for sure there are more successful person who had a formal study of something simply because it is more proven and would promote efficiency with budget, time, and proper management of risk.
How about training your instincts to first do a deep reset of whatever business scheme you just heard about? That way, your decision will be more mature.
I think the professionals on the show weren't talking instinct at all, but telling their practice how to engage in business procedurally. The answer is clear, instinct can't be relied upon in any action.
I think the professionals on the show weren't talking instinct at all, but telling their practice how to engage in business procedurally. The answer is clear, instinct can't be relied upon in any action.
Investments that are understood sometimes still deviate from the plan, let alone investments that are completely unfamiliar. Are you going to the casino under the guise of investing?
I prefer to invest in things that I know and understand. In some failures, it enriches our minds with knowledge. It becomes both easy and enables us to learn from mistakes that should not be repeated. Although it may be exhausting, this is the essence of investment, which is far more fascinating than relying solely on luck.
I prefer to invest in things that I know and understand. In some failures, it enriches our minds with knowledge. It becomes both easy and enables us to learn from mistakes that should not be repeated. Although it may be exhausting, this is the essence of investment, which is far more fascinating than relying solely on luck.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
For every successful startup, for every altcoin that goes to the moon, there are thousands of startups and altcoins that fail. If you invest $100,000 into each of a 5 startups that you don't understand, you'll probably end up with way less than $500,000. This regret of missing out is the same as regret of not buying a lottery ticket after hearing about someone who won a jackpot.
Look at Warren Buffet, he didn't become a billionaire by investing in companies he doesn't understand, he built his wealth by understanding the companies on a very detailed level.
I always listen to reason, and if the reason is sound, there is no way that I wouldn't think about it thoroughly. What the speaker did is just correct, and since he did not understand the business model of the one who gave the pitch, he passed on the offer and went on his merry way. At best, he just lost an opportunity, but not money in general because we wouldn't know either way if the business will succeed or not at the moment of the pitch. I guess the regret is there, but disciplined people always tend to succeed in life in a lot of aspects, and since he's practicing that discipline, I'm pretty sure that that speaker found another opportunity that he knew well.
Was it Warren Buffet who said that he doesn't invest into anything that he doesn't understand. Which is a solid point but also rules out lots of potentially good investments.
I get why someone wouldn't invest into something that didn't have a plan to make profit, but i constantly invest into things i don't fully understand. That's because i am honest to myself and admit that there are smarter people than me. Usually i listen to several smart people before buying something. I am not always the smartest guy in a room and sometimes get fooled, but i've learned a lot from those mistakes and now i require much more information then i used to.
But i still wouldn't invest into anything that didn't make sense to me. That i see different than not fully understanding (tech) and still buying.
I get why someone wouldn't invest into something that didn't have a plan to make profit, but i constantly invest into things i don't fully understand. That's because i am honest to myself and admit that there are smarter people than me. Usually i listen to several smart people before buying something. I am not always the smartest guy in a room and sometimes get fooled, but i've learned a lot from those mistakes and now i require much more information then i used to.
But i still wouldn't invest into anything that didn't make sense to me. That i see different than not fully understanding (tech) and still buying.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
Why should I just follow my instinct if I have no business idea?That should be too risky for me, in my opinion.If I am certain that the persons giving the advice are knowledgeable about what they are saying, I will choose to heed their counsel.but, to be honest, there are risk on both sides.So it's never a smart idea to invest blindly.
So profits shouldn't be the only aspect of a business that we should always think about, we should also think about the risk that may comes after it.Because investing blindly is the worst thing to do because you have no hope expect lucky. I may say that the professor's choice not to invest in business is the best in the circumstances of the in the story.I think everyone who makes blind investments is willing to take too much risk which can likely end up in scam
I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
life is a mystery, no one can know for sure what we will become in the future.They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?
To be honest, logically, it's not easy to make a blind decision to start investing with $ 100k in what we don't know at all, in fact, there are many people who regret not buying bitcoin when they know the price of bitcoin is still $1.
There are many success stories that we can read out there (like the first investors Google or Facebook) and most of them are accidentally making the best decision of their life.
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