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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MiningBookGuy@nicholaslepan - i disagree that "the majority of business is run by accountants and lawyers". many, many businesses are run by people without formal education. and even if they're educated, they are much more about marketing, deal-making, and various 'emotional' things. if you're thinking of old, staid Fortune 500 companies, you might be right. But in no way are accountants/lawyers at the heart of most businesses.
but to your points about 'average' investor vs 'pro' investor, i agree with you. whether it's a warren buffett or the trading legends in #MarketWizards, we wouldn't be discussing them if they were too emotional.
and to @Allan's points - i think it makes sense for the typical junior CEO to be 'more emotional' than a 'pro investor'. junior CEOs are entrepreneurs...gotta sell! but it's a good idea to NOT confuse entrepreneurship and investing/trading. i struggle with this from my own experience...2 different mindsets #entrepreneurship#business#investing#emotion
@rackerPrinceline $PCLN founder Jeff Hoffman in an hour long podcast about entrepreneurship and building a US $90 billion company http://mikedillard.com/billionaire-jeff-hoffmans-secrets-to-success/
"Never focused on money, but focused on problem solving."
"When we were successful, it was entirely because we had the best team. We had a culture that attracts the best people... You want to build the company where the best people in your industry, who could work anywhere they want to work, all work for you. If you achieve that goal, you're attracting the best and they don't want to leave, that is the key to success."
"The best people want to make a difference... What will the success of the company mean to other people?"
"People are either contributing at a high level or it's time to make changes."
"We were always generous with equity, not stingy... You can wind up owning 100% of a really small pie, or a much smaller percent of a gigantic pie, because you had so many people that were talented that had a vested interest in making it bigger."
Reward merit, the real contribution that individual made on their part of the company, not tenure.
React to customers, not competitors.
"One thing at a time... Having the discipline to tune everything out except that one thing you need to get done now is the difference between successful people and everyone else. The successful people are able to put on those blinders until they're done."
Had first 9 figure exit in his 20s. Made huge cash, thought, "This is it?" Money wasn't as fulfilling as he hoped. "This can't be what everybody is dreaming about every day." Mentoring other entrepreneurs is by far the most fulfilling and memorable part of his life. #priceline$PCLN#travel#wisdom#entrepreneurship#podcasts#wealth