Neither the perfect company, nor the perfect deal will present itself. We look for big markets in the process of fundamental change.”
I am more thankful than ever for that email and the timeless wisdom it contains. Overcoming that fear changed the trajectory of my life and helped shape my own investment philosophy (and the strategy of using an Investment Thesis).
THE INVESTMENT THESIS
Before investing in anything, I physically write up a thesis document on why I should or shouldn’t.
That’s why I did not invest in cryptocurrency years ago – I could not get my head, heart and wallet around it last year or the year before. When I go back and read the potential investment thesis docs that I wrote to myself, I just wasn’t there to pull the trigger.
What about you, what did your investment thesis say?
TOPIC 2 - Appearance
We all know that objects are often not what we see in the first impression and appearances deceive many.
I stared at the three towers of Torres Del Paine in Patagonia from many angles. The majority of time, the one in the middle looked tallest but the one on the left is actually 50 meters taller. Things aren’t always as they seem in nature, business, people and life. Keep staring, stay curious but remain open.
TOPIC 3 - Adapting
Adapting is the ability to adjust and modify one’s self to new conditions and new circumstances, and it’s a proficiency we should nurture as our surroundings change ever more rapidly.
Much of the world appears to be headed in different directions, with status quo’s eroding in some places while new norms are established in others. We see it in our economic climate, our social climate, our political climate, and even the climate itself.
While change is hard and often stressful, those who adapt, succeed. Nowhere is this more clear than in nature – as evidenced by these photos from hikes in Patagonia.