Tag: profitable

Are You Being Lied To?; Why 90% Of The News Isn’t Important

Last night I went to go see the movie Truth and it got me thinking about how the news used to not be for profit. I wish it would go back to that.

The billionaire Charlie Munger says that humans respond to incentives, so the second something profitable makes the news, they’re going to look for scandals.

That’s why when I watch the news I know there’s always another side to the story.

Everybody’s side sounds good until you hear the other side.

Nobody wants to talk about the real issues, they want to make money. Focus on yourself. Then worry about scandal.

What’s an example of some news that you’ve read that turned out not to be true?

incentives, profitable, focus on yourself, make money, they want to make money, the billionaire, profit

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King of Capital

People waste about ten years of their life getting their hair cut, sitting in waiting rooms, brushing their teeth, etc.

You can use your downtime to get things done. Everything comes to those who hustle while they wait.

You have to have a capital objective to make your idea profitable.

Steve Wynn is a great example; he currently owns half of the hotels on the Vegas Strip. He started just like everyone else, but he knew how to grow his brand.

He had a plan.

There are certain steps you have to follow if you want to grow your business.

Step 1: Have a strategy and a plan.

Step 2: Be realistic in your capital objective – know the minimum amount of money you’re going to need to start.

Step 3: Make an approach plan – have at least ten people you can go to for an investment. There’s a good chance one person will be able to invest in you.

Step 4: Thicken up your skin – don’t get discouraged and take everything personally.

king of capital, make your idea profitable, profitable, money

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