Saturday, 7 May 2016
What Works on the Street (and in Real Life)
I am not suggesting that you shouldn't take inspiration from the successful. By all means, reading about and learning from the successful is essential. Even when you start, you may like to take the tested path, yet the tested path isn't enough if your goal is to get really successful. You will need to devise something new, something that works for you. It doesn't matter if others can't replicate it or find it altogether crappy. If something works, it works, and that's more than enough. When you get successful, there will be many who get inspired from your formula and follow it. That's exactly what happened with Warren Buffett, and, for that matter, with any other successful personality,
How do you evolve something new? You can't become a star the day you begin. The key is experimenting. Learn, experiment, observe, and try again. Once you spend time doing something, you naturally develop insights that are alien to an outsider. Once you have these insights, you can cast them into a methodology. If the methodology works (for you, of course), you have just developed a success secret and you will eventually know what actually works on the Street.