I was playing golf with some of my old business associates just the other day. Halfway through the range, we decided to take a detour through the nearby woods just for sports and entertainment.
So it begun. Our short and small (definitely NOT what she said!) 50-mile hike. Just a bit shorter than our daily walking routine.
As one could expect, the journey proved to be highly insightful and profitable. Here are my top lessons from that hike:
Always think and walk ahead. Miles left untraveled will come back to haunt you in the future. Procrastination always backfires, walk today!
And in business, always take the profit early. One percent more today is more satisfying than it would be tomorrow.
Many of my less successful business associates tend to keep waiting. They wait for a better business opportunity, better day to invest and more meaningful risks.
Not here! Our central dogma is always to keep walking ahead, always make new decisions. By waiting, you fail to act and benefit from current opportunities. The next mile could be the best yet!
You see a trail with no end in sight. You start to follow that trail and sooner or later you cannot see where you started either. Should you turn back? Of course not. Enjoy the uncertainty of outcomes. Forget where you came from and concentrate solely on today.
And speaking of uncertainty: you cannot know in advance where that trail takes you. Or how long it will take. You don’t know whether you should eat your Muesli Outdoor SuperFood (one of our newest acquisitions) beforehand or only afterwards. It never seems like the right time to eat them.
That is why, only sensible thing to do, is to prepare for a long hike. Eat your nutritious Muesli Outdoors before entering the wilderness!
Making money in the bull market?
Easy.
Making money while others suffer (especially Google with their hugely inferior product DeepMind)?
Priceless.
Some of my less successful business associates might ask me: “Why is that last 1 % so important in your 51% investment strategy? Isn’t that 1% just meaningless compared to the rest 50 %?”
Wrong! That one per cent is the only thing that matters. It is what separates winners from losers. Leaders from followers. Dicks from suckers. If you do not comprehend it amigo, we can’t do business together.
And just like in hikes, where that last 100 meters before camp is usually the hardest, so is that last one per cent hardest to negotiate. But you are so close to victory, so close to camp. You cannot stop.
People think that being rich is something to aim for. A state of mind where you would be truly happy. Wrong! It is the getting rich part that is truly most meaningful. The journey to riches! If you can’t be happy during the journey itself, don’t except to be happy at your destination.
This is a cornerstone in all our thinking: always maximize short-term growth rate of capital! It is the only way to enjoy the hike.
Here you have it, most important lessons one could expect from a hike.
PS: MuesliCoins are now fully backed and substitutable* with Muesli Outdoors.
Current exchange rate is 100 000 : 1 (terms and conditions may apply).