Investment Tips for Entrepreneurs that Wall St. Doesn't Want You to Know
Alex Tabatabai is Co-founder of Fernbank Partners (http://www.fernbankpartners.com). He discusses investment tips that wall street doesn't want people knowing. These tips will help entrepreneurs in making the right investment choices.
- Small investors can compete with large financial institutions
- Research investments thoroughly & always utilize common sense
- Disciplined investing trumps intelligence
I'm going to cover 3 investments tips briefly that entrepreneurs and business owners should know that maybe Wall Street or your private wealth manager may not want you to know.
One is that David can be Goliath. You can do jus as well as the big hedge funds that have huge, you know, minimum investments with just some simple tools.
Use common sense. I mean you're a business owner. You're intelligent. You understand how to make financial decisions. You understand what works and what doesn't. You understand what consumers want, what they don't want especially in that area that you have a core confidence and stick to that circle. Use common sense. Do diligent research. Just look at the obvious facts and if something just doesn't seem right or doesn't sound right, you know, don't go for it. Investing is like a baseball game in which you get an unlimited number of pitches so just swing at the fat ones.
Another point that you may not hear on CNBC or Bloomberg TV is that discipline wins over intelligence. A lot of times people in the financial world, we like to think that, you know, where these wonderfully intelligent people who know so much about the world. It is important to gather your facts and do diligent research but discipline always wins. If you avoid the pitfalls. You avoid making mistakes. You avoid swinging at bad pitches. You will do very well over the long term. It's okay if you miss a few opportunities. Just stay disciplined. Try not to make foolish mistakes in investing.
When it comes to investing you can be the best fund managers out there. All you need to do is use your common sense and do some thorough research and one of the most important things you'll hear -- the best investors like Warren Buffett say time and time again discipline is more important than intelligence.