Mini Book Review of Deep Work

Mini Book Review of Deep Work

In this video, I’m doing a mini book review of the book titled – Deep Work, Rules For Focused Success In A Distracted World by Cal Newport

It’s a great and phenomenal book which talks about the importance of deep work versus shallow work.

Deep work is things like writing, producing content, coming up with business ideas, and making business plans.

While he generally defines shallow work as more of administrative stuff such as data entry, research, things like this.

Deep work is things that get you closer to your ultimate goals.  And shallow work while necessary, doesn’t get you closer to your big goals most of the time.

He doesn’t get into a philosophical argument on which one is better for the economy or yourself because both are necessary. But if you want to be successful, make a lot of money, and make a significant impact on the world he argues that deep work is not only the right thing to do but it’s the best route for you to take.

In his research, he estimates that people can only do deep work – which he defines as deep concentration and mentally exhausting work – for only  2 to 6 hours each day.

And without training your mind to do deep work most people can do it for less than two hours in any day.

This phenomenal book talks about how especially in our knowledge economy, how important deep work is because people who do shallow work are being replaced by automation.

I especially appreciate his emphasis on the importance of deep work and focus when it comes to the millennial generation, where I belong as I just turned 30 in December.

My generation was brought up with all this distracting technology so the focus is becoming a competitive advantage.

It’s normal to see people my age trying to do a bunch of things at once.  One example I see on a regular basis goes something like this… They have a movie on while doing research on the computer, while listening to music on their cell phones, all the while doing none of them well, which research has proved over and over again.

This is just one example of the highly destructive and fragmented stuff that takes us away from our deep work and getting closer to our goals.

Throughout the book, he argues that to have a highly paid job in this new knowledge economy, and to not be replaced by automation, that you have to do deep work, become highly productive and skilled, and produce tons of value for either your clients, society, or whoever your audience is.

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You can watch the full video below…

Free Cash Conversion Cycle Training Video

Free Cash Conversion Cycle Training Video

Other than some minor editing below for clarity, this is the transcript from the beginning of the cash conversion cycle training video which is further below.

Now we’re going to talk about the cash conversion cycle…

Again, this is something we’ve talked about already a little bit and why it’s so important but we’ll continue talking about this here on a preliminary basis.

The first thing I noticed here is the huge massive jump in this number since 2007 from 216 days to 600.3 days in the trailing twelve months or a rise of 64% in that time.

That is scary…

I make notes of everything I do so I don’t have to rely on my memory in the past or in the future when I’m doing my analysis.

I don’t want to rely on any guessing I want to rely on hard facts and what I was thinking as I was researching the company.

We’ve already talked about this a little bit but it such an important concept I’m going to continue going over it again and again.

Hopefully, everything begins to make more sense the more we talk about it and the more you learn about it in future training as well.

This number is one of the most important numbers I look at on preliminary basis like we talked about the other day.

Why?

Because with this one number I can tell the company is having a hard time selling its products.

This means it’s taking a long time for them to get paid by customers.

This leads to having a hard time paying suppliers and that their inventory may be overvalued and need to be written down or off at some point.

And this all could affect the company’s balance sheet strength and valuation down the road.

None of these are good.

I can tell this from comparing the first number of days in 2007 to the second number of days in the trailing twelve month period.

In most cases, I go back 5 years but this one is such a huge jump – almost triple – I went back 10 years.

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You can watch the full video below…

Or if you’d like to learn more about the Cash Conversion Cycle go to the prior link.

P.S.  If you’d like to get one on one training like this yourself go to the following link before all 10 full-time spaces are filled – Value Investing Journey Coaching, Training, and Mentorship Programs.

P.P.S  If you want to get all content like this as it releases, five free gifts, and exclusive content make sure to subscribe to Value Investing Journey for free here.

Practical Advice On How To Use Time Efficiently – Video

Practical Advice On How To Use Time Efficiently

How I Used To Always Feel

Below is a brief transcribed excerpt from today’s video – Practical Advice On How To Use Time Efficiently.

In the video below I expound on what I talked about in the Do More, Fail, More, Improve Faster video that I released in May.

Hey everybody Jason Rivera here from valueinvestingjourney.com, author of How To Value Invest, and chairman, CEO, and founder of Rivera Holdings LLC.

In the last video – Do More, Fail More, Improve Faster – I talked to you about, rather I was inspired by Gary Vaynerchuk.  In his video he talked about the need to do actual things…

Stop reading, stop learning, stop thinking, stop brainstorming and just go out and do stuff as much as you can.

Fail, learn, fail, learn, fail, learn, fail and learn as much as possible.

And I brought my thoughts into it in the Do More, Fail More, Improve Faster video.

But I didn’t really tell you anything practically…

I just said yes that was what you should be doing and that’s how I learn faster and that’s how I improve faster.

But I didn’t tell you anything practical and I hate when people do that.

That’s one of the reasons I wrote How To Value Invest because I was tired of seeing all these websites and books and stuff talking about value investing and finance telling you how you needed to learn how to value companies… But nobody ever tells you how.

Or they tell you need to evaluate companies on a deep level but they never tell you how.

That’s one of the main reasons I wrote How To Value Invest to show everyone how to do these kinds of things.

So today I’m going to give you a little bit of practical advice about stuff that helps me learn faster and become more efficient and productive with my time.

Just like everybody out there I have kids, I have a wife, I have family commitments, doctor appointments, car appointments, stuff like that so I try to make the most of my time.

And due to my health issues in the past there were many days where I could literally do nothing except learn 30 minutes of the day…

To see the full video watch below.

If you liked the video make sure to watch the other videos I’ve released.  And share, like, and subscribe to the Value Investing Journey YouTube channel so you’re notified anytime a new video comes out.

P.S. Today is the last day to get 33% off your entire purchase in the Value Investing Journey Shop.  Click here to get your 33% off coupon code and use it before the sale ends later today.

33% Off Everything In the Value Investing Journey Shop Until Tuesday

33% Off Everything In the Value Investing Journey Shop

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Value Investing Journey

While I announced the opening of the Value Investing Journey Shop last month, because I’ve been so busy I didn’t announce it to many people.

To make up for that oversight, I’m offering 33% off everything in the Value Investing Journey Shop for the next three days only.

This includes all issues and the All Past Press On Research issues package where you get all past issues for one set price.

This means for the next three days you can pick the individual issues you want most for $65 instead of the regular $97.

And that you can get All the Past Press On Research issues in one package for $628 versus a normal price of $997.

33% off all items in the Value Investing Journey Shop until Tuesday

But only until Tuesday…

I won’t do discounts often – if at all in the future – so if you’ve wanted to see my latest stock recommendation issues at a discount you better buy them now.

As of this writing, each pick is up a combined average of 50.3%.  And these picks are crushing the market.

Below are some of the highlights from all the issues…

  • The average gain for all 12 recommendations is 50.3% as of this writing…  These picks are crushing the stock market since April 2015.
  • As of this writing, the stock market has only produced a 15.8% return.
  • Meaning, my picks since April 2015 have outperformed the stock market by 34.5 percentage points.
  • Two companies I recommended grew from sub $500 million market caps to $1 billion plus market caps as of this writing.
  • One company as of this writing has now surpassed a $2 billion market cap since I recommended them.

So you’re probably wondering what you have to do to get the coupon code.  And the answer to that is nothing…

The coupon code is – 33%OffGrandOpening

The discount won’t show up until you input the code when the item is in your cart as you’re getting ready to check out.  So make sure to put the coupon code in before you hit the payment button or you’ll have to pay full price.

You can go to the Shop here and begin getting your deals now.

And this is the only place to see my most recent stock recommendation issues.

If you have any questions contact me using the Drift App – the blue icon in the bottom right third of the page – to message me through this site and I’ll get back to you right away.

Happy shopping smart value investors.

Value Investing Journey Ranked One Of The Best Value Investing Blogs In The World

Value Investing Journey Ranked One Of The Best Value Investing Blogs In The World

Ranked One of the Best Value Investing Blogs In The World
Ranked One of the Best Value Investing Blogs In The World

Blogging is a lonely and isolating experience…but being listed and nominated as among the Best Value Investing Blogs In The World ignites and stimulates my mind to continue…

You sit behind your computer screen putting together what you think is useful and valuable content for weeks, months, or years and hope for the best.

Unless someone specifically comments or emails their positive feedback and/or questions you have no idea what people think of the content you put out.

And while nothing I do on this blog is for accolades it’s always nice to receive them.

Especially when the recognition is from another fantastic value investing site.

And I found out over the weekend that Value Investing Journey received a great accolade.

The team over at Valuewalk ranked Value Investing Journey as one of the best 60 value investing sites in the world.

The full article link is further below but first I’ll share the introduction to the list.

Every year Tobias and I sit down to pick out fifty of the best investing blogs on the planet. This list is by no means complete and is certainly not in any particular order.

If you’re an investor take some time to read through the great blogs on this list, they’ll provide you with an awesome starting point for your investing education.

If you think we’ve missed a great investing blog, stick it in the comments section below.

Here’s 50 of the best investing blogs on the planet for 2017, plus a couple more:

To view the full article and find some other fantastic value investing sites please click the following link.

2017 List of the Best Value Investing Blogs on the Planet.

Thanks a lot to the team of ValueWalk for considering Value Investing Journey one of the best value investing blogs in the world.  I deeply appreciate it.

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ValueWalk Logo

P.S. Yes, I know I’m late to the party since this list released in May 2017 but I just found out about this article over this past weekend.