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Aug 29, 2019 11:30:05

Read Like an Investor by @georgeambler

by @OnepostersGems PATRON | 231 words | 🐣 | 175πŸ’Œ

200WaD Research Lab: Oneposters

Current day streak: 0🐣
Total posts: 175πŸ’Œ
Total words: 48746 (194 pages πŸ“„)

Jan 19, 2019 05:25:57 @georgeambler 


"When you exit a poor performing investment [a book], you free up resources to invest elsewhere, where there may be better prospects."

The smartest readers think about reading the same way an investor thinks about investing. The reason is that both of these activities consume our most precious resources time and money.

Just as an investor researches companies and products before buying, you too must research books and authors before reading. When it come to nonfiction reading you must be selective in the books you choose. Investors have to make a number of key concerns. 

Then first challenge is in deciding what’s what the right investment. The second challenge is deciding when to enter and exit the investment. Lastly, if you happen to have invested in a poor performing company, you need to make the bold decision to cut your losses quickly. When you exit a poor performing investment, you free up resources to invest elsewhere, where there may be better prospects.

Readers are faced with similar concerns. The reader’s first challenge is to select the right books. The second challenge is extracting the most value from the book’s ideas. Lastly, readers need make the bold decision to abandon books not helping you achieve your goals. Life is too short to be invested in books that are going nowhere and provide you little value.

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