three main investor takeaways

                  Three main investor takeaways

Did you see your mom this last weekend?

My mom was out of state so I spent Mother's Day with my grandma in San Diego (she raised me like a second mother).

While I was down there, I was studying the speeches of Carlos Slim.

He is the Mexican investor who has been the richest man (more rich thanBill Gates and Warren Buffett) in the world many times.

You have to adopt the mindset of an investor if you want to move up in life (financially and otherwise).

Here are three main investor takeaways I found that you can use today:

1. Simplicity in Business

"It’s important to simplify…and take out everything that is secondary, to have less variables to study or to look at. Because when you have a lot of variables, and you don’t make a distinction between the ones that are essential and the secondary ones…you have confusion."

—Academy of Achievement, December 2, 2007

This is one of the main enemies you will face this year. Too much distraction from trying too many things at once. 

Do one thing at a time then move on.


2. Risk Taking 

“I never take risks. Maybe small risks, but I think I am not a risk taker. I think I am very conservative. All my life I have been very conservative.”

It's funny how most people think you have to take crazy risks to do big things. It's because most people are impatient. They rush.

That creates unnecessary risk.

You should only rush to start. Not to finish.

3.  Pessimism

"Chronic pessimism leads…to mediocrity."

—Commencement Speech at George Washington University, May 19, 2012

There is a place for pessimism. It's called being realistic.

But chronic pessimism is a curse.

If you constantly loop negative, worst case scenarios you are headed for a mediocre life at best.

Like billionaire Elon Musk once told me while we were walking to the Game of Thrones Season 6 Premiere, "sometimes you have to do something even if there is a chance you will fail."