Description
Guide Discussions in Chapters 12 of the Book “What it takes: Lessons in the pursuit of Excellence” by Stephen Schwarzman
In this article, know how to accomplish your goals by stepping outside your psychological comfort. Have the confidence to grow beyond the routines and win your deals!
Most people would rather be part of the herd even when the herd is losing money. However, doing what everybody else is doing only gives a false sense of security. Instead of going with the mob, develop your strategy, and believe your action plan. If you want to have calculated decisions based on latest market trends, check our Investment tools here!
Challenge yourself to be better
What is your best day in business? What did you do after celebrating your success? Do not settle for a single good news. Instead, continue strengthening your assets and learn from your weaknesses. Grabbing new opportunities will lead only to two scenarios- winning and learning. Dare yourself to the next level.
Reading Insights:
Get the point of view of experienced investors regarding this chapter.
Keep an eye on the market
Never rely on psychological comfort. Do not validate your mistakes when all others commit the same. Instead, pay attention to the market and evaluate the areas that you need to improve on.
Strategize well and do not get too aggressive
Absolute strategy is not responsive to a changing market. The economy is not static, the same with our techniques. You need to stay realistic while holding on to your ideals. Learn from a team of investors to guide you to explore the outside world of your comfort zone. Join us in REIQ Community!
Create your own dream team
Timeless wisdom must not end with a person alone. To assure continuity of skills, the knowledge must be passed on to your team. Have a dream team by hiring people that you think are capable of the job. Win your goals together!
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Credits:
About the author:
Stephen Schwarzman is the CEO and co-founder of Blackstone. He is a philanthropist who founded the Schwarzman Scholars.
Panelists:
Providing us with the reading insights are experienced investors Brent Mott, Michael Gefteas, Jon Yu and Joseph Dela Cruz.
