Why Developing Your Circle of Competence Is So Important
In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
Because of this, I’m often asked about the latest trend in investing, whether it be years ago, gold and silver, the Greek Crash a couple years ago, or more recently, weed stocks and cryptocurrency.
To see our other videos in this series, where I give my thoughts on weed stocks, crypto, diversification, retirement plans and more, click here.
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Today, we’re doing something a bit different…
Today, I’m telling you why I’m more nervous doing some $8,000 deals than going after $18,000,000 deals.
It has to do with my circle of competence and deal making and it affects you too.
Let’s get to it…
In the 14-minute video above, I tell you my thoughts on my circle of competence and deal making.
Here are some of the things I talked about in the video above…
- Why I’m more nervous doing some $8,000 deals than going after $18,000,000 deals
- How this relates to my circle of competence and experience
- How you can gain the same confidence and experience
- Why staying within your circle of competence is ultra important
- And more…
In short, gain massive experience, knowledge, and skills to gain confidence in your abilities to do deals.
And ALWAYS either stay within your circle of competence or work hard and learn a lot to expand your circle of competence so you know what you’re doing.
P.S. Go here, to get a free paperback copy of my book On Float to gain a massive advantage over other investors. You pay for the shipping then I pay for the cost of the book and I’ll ship it to you anywhere in the world.
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P.P.S. We started our live student training and Q/A sessions two weeks ago and have another one scheduled for tomorrow – September 11th – if you want to become a better value investor fast, invest in our Value Investing Journey Masterclass and get in on these live training sessions. Plus get 5 free one on one training sessions with me and $2500+ worth of bonuses and free courses when you sign up.