This is another post in our weekly ongoing Throwback Thursdays Series, where we share with you posts from the past blogs to bring you as much value as possible. We discuss why developing your circle of competence is important.
Today, I’m sharing an important post on developing your circle of competence. Why this is so important. Why you need to do it and how this will help you earn higher returns as an investor.
This post was originally from September 2018.
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Jason
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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 of 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.
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…
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- 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.
Remember, to learn from our other Throwback Thursday posts click here.
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P.P.S. Go here to get our brand new free guide titled – 7 Tips to Picking Great Stocks and 3 Times You Must Sell for free. In this guide, you’ll learn these things and more of my processes so you can begin evaluating companies better and faster, NOW.