You can't blame him and he should not blame himself. Do you have any ideas and businesses the biggest investors in the world have missed out on? You don't expect him to invest in every idea that comes his way. Worst of all, a business he doesn't understand.
Now people might only look at how much he would have gained if he had invested, but these same people would have called him stupid for investing in a business idea he's not really familiar with.
Not everybody should go around following their instinct in matters like this, so they follow the normal business model. For you to use your instincts then you have to be someone that has a good business instinct.
Topic: Ignore this Classic Business Law or Follow Your Instincts? - page 6. (Read 628 times)
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?
There are really moments or situations in life which you cant always follow on what that textbook said, there are really situations on which those inner voices and instincts which would really be telling youThey 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?
on doing up something contrary with those normal or in default kind of approach on which it isnt really that bad on following them.Although this would really be taking a gamble because you dont really be able to go with the path on which most people been trying to walk on and rather you do go to the opposite which it would really be a gamble but well it would be better on following your instincts because if it turns out to be that positive or right then its a good call but if it turns out to be bad then you wouldnt really be having that regret much because you've been aware
or wary on the decision that you had made out.
This is depending on what the reality of the business becomes and the business potentials some time risk is very important and all that we need to do is just to believe in the process even though we don't understand the process in its totality and if the project has a viable future and a use case that we can active participants in it usage then why not risk it.
Following your instincts is good in most cases when it comes to risk-taking, but at the same time, we can't neglect the lessons that come from reading and adhering to lay down principles because it will serve as a guide to our decisions.
Following your instincts is good in most cases when it comes to risk-taking, but at the same time, we can't neglect the lessons that come from reading and adhering to lay down principles because it will serve as a guide to our decisions.
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 would say follow your instincts but sometimes our instincts are wrong so it is proper to listen to peoples thoughts on some certain that then you could proceed to do your own proper research and if you feel comfortable then you can invest on it. Why I don’t want people to trust blindly others advice is when the loss hit comes it hits you heard because most you might have put up all hopes on that project due to the things you heard, and we all that project promoters will hardly tell you the risky part of the project just to lure you in. But if it is your own research you would have surely find out that the risk is there and probably have a plan B just in case it doesn’t work out like the other plan. This will surely minimize the impact of the loses.
I wouldn’t blame the professor because just Like he is actually snapping on himself by missing this opportunity it is the same thing that had he invested he could have lost. In his own case of not investing he didn’t profit but also he didn’t loses is own 100k which could have an option should he invested.
So the thing is invest in what you believe in even if it is an amount you can lose
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?
Jump to: