The Wealth Without Wall Street Podcast
Round Table | Why I Don't Invest in These Anymore
Oct 17, 2023
The hosts discuss the importance of knowing what not to invest in and share personal anecdotes. They explore warning signs of an economic crash and stress the importance of knowledge in investing. Reasons for not investing in certain ventures, the importance of multiple exit strategies, and caution against investment schemes that promise high returns are also discussed.
39:16
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Quick takeaways
- Knowing what not to invest in is just as important as knowing what to pursue, allowing investors to focus on the one standout deal.
- Deep understanding of an investment, including its operations, potential returns, and the capabilities of the operators involved, leads to more informed decisions and better outcomes.
Deep dives
The importance of knowing what not to invest in
One of the main insights discussed in this podcast episode is the significance of knowing what not to invest in. The hosts emphasize that understanding what deals, operators, and strategies to avoid is just as important as knowing what to pursue. By being able to say no to many opportunities, investors can focus their attention on the one deal that stands out and aligns with their goals. The hosts emphasize the need for knowledge, both of the deal and the operator, as well as the importance of having multiple exit strategies, cash flow, and asset-backed investments to protect against downside risks.
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