My Thoughts On Competition – And Why I No Longer Do It
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.
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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, I give you my thoughts on something a bit different.
I always have been, and still am, hyper-competitive in many things.
But today I tell you why I rarely compete in anything other than cards, games, and against my past self anymore.
Let’s get to it…
In the 14-minute video above, I tell you my thoughts on competition.
Here are some of the things I talked about in the video above…
- What I’m hyper-competitive
- Why I no longer compete in most things
- Why I try to dominate
- Why I still will work to beat you every time I play any kind of game against you
- Competitive advantages
- And more…
You learn several reasons above for why I rarely try to compete anymore.
This video from Eric Thomas further illustrates that point.
If you’re wondering how I apply this concept to everyday life, one example is my investment portfolio.
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I haven’t bought anything in 3.5 years in the stock market because I won’t compromise on my strict investment criteria.
I shoot for great. Always. Never average.
Does that mean I always achieve this? Of course not.
But at least I’ve learned a lot along the way and have gotten to a higher level by trying and putting in full effort.
I’m a huge believer that this mindset can help you too.
For more information on this, make sure to watch my talk tomorrow on this blog.
In the next Value Investing In Your Car episode releasing tomorrow, I ask you “What Are Your Competitive Advantages?“
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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