Guide discussions on Chapter 13 of the Book “What it takes: Lessons in the pursuit of Excellence” by Stephen Schwarzman
In this article, explore the ideas of a successful business icon Stephen Schwarzman on how to develop an investment process. Stop wasting resources and start increasing your deals!
Smart investor knows how to take a risk but uses assessment process
Smart investors perform well through a combination of self-discipline and sound risk- assessment even when markets reverse. In each decision, there must be plan A, B and C. Do not stick with an absolute rule. Acknowledge the changes that may happen and be flexible in calculating risk.
In Real Estate IQ, risk assessment is no longer a worrisome and complex task. Check our REIQ Investment tools here!
Failures are part of success
All the best teachers in an organization have humble beginnings. You cannot reach triumph without trials. Have a community of investors to whom you can talk to openly and confidently. In REIQ Community we make everyone in the room share the responsibility of helping each other. Be part of it!
Get the point of view of experienced investors for this chapter. Here are some ideas to learn from:
Sound risk-assessment leads to successful investors
Risk-assessment is integral in making a decision. When you know how to assess, you do not need to take hours in packaging yourself just to establish credibility. Instead, the results will speak for your hard work. As the book discussed, successful investors do not settle with uncalculated bravery and old styles of investment. We grow as the economy does.
Find acquisition in hot market
Letting your information outdated is a big NO. In the information process, you need to find the latest purchases and transactions in the market. Elicit a bunch of responses from experts in the field by checking our trainings and webinars.
What are your insights in this chapter? Share with us your thoughts in the comment section below! Also, read more exciting investment articles here!
About the author:
Stephen Schwarzman is the CEO and co-founder of Blackstone. He is a philanthropist who founded the Schwarzman Scholars.
Providing us with the reading insights are experienced investors Brent Mott, Michael Gefteas, Jon Yu and Joseph Dela Cruz.