Ignore this Classic Business Law or Follow Your Instincts?

[Stepstowealth]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

If the business had failed, the speaker would have been proud of his decision to stick with the classic business laws and not have any regrets. He has regrets because he followed the business laws and lost out on an opportunity to become richer. As a business person or investor, it is necessary to know the classic business laws, know when to strictly follow them and also know when not to follow but to take the risk and go with your instincts. That will give you an advantage as a business person and investor.

[Findingnemo]

I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
 
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

Go with the classic rule, don't invest on anything you don't understand or convinced enough. I remember while watching a podcast of Mark Cuban he mentioned that the founder of Uber approached him to make investment while it was a start up but he didn't believe in it and moved on but later Uber became multi billion dollar business all around the world but still Mark Cuban didn't lost anything he just missed an opportunity while if we go with our instinct everytime we will go bankrupt.

[vv181]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

A conviction within the investment is rarely possessed when you did not understand well and comprehend the business aspect, profit scheme, and market potential. Other than that, I can say firmly it is very likely a gamble. There is also a general idea that most investor value a founder's vision and their hard work, but without a basic understanding about how their business works, it is very likely they might just get deceived.

If someone follows their instinct without any consideration yet the result is significantly good, I rather say it is pure luck. Sadly, it is not the case as what he said in the lecture.

[teosanru]

I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
 
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

I think the former is better. Instincts will be correct only 50% of the times which means it's nothing but just chance. Better is to go by your knowledge, deal only in those things that you understand. This will make sure that you don't fall into get rich quick schemes. This also ensures you keep on learning even more to make sure that you never invest without knowledge.

[Fuso.hp]

Bitcoin created such an opportunity in everyone's life but we didn't take advantage of this opportunity at that time which is why we are regretting at this time. If we had invested three or four years ago when Bitcoin was under $10,000, we might have owned hundreds of thousands of dollars today, but we couldn't invest at that time, which is why we are regretting the past. I think we still have the opportunity to become millionaires because Bitcoin has the potential to go from $30,000 to $100,000 but we can't take that risk. If we can accept these risks, we will be successful in the future.

[lizarder]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest.

In investing or in business, it is not recommended to be carried out when someone does not understand the patterns and principles, because if we do not study it first, there will be times when we experience panic about the problems that arise in the investments and businesses that we are in. But I agree that people who have succeeded in business will push pushed to get involved in investing because a lot of people I see are affiliated like that.

What should you do? Listen to the former or follow your instincts?

I prefer to follow instinct and try to combine or follow the advice of other people who understand theory, but I prefer to something after making my own studies and analysis in building a business or investment. Not everyone is successful after following the advice of a facilitator because when we try to build a business, the practice may not be in accordance with the seminar given by the facilitator.

Therefore listening to one's own instincts is sometimes the right choice, although we also implement suggestions and input from the facilitator according to the needs in practice. The theory doesn't always go as smoothly as we practice and many times we will go outside the theory to find a format that is far more appropriate.

[Dr.Bitcoin_Strange]

Sometimes our instincts are always right, while they're also wrong sometimes, but when we see investment opportunities like that', I think there is something called a memorandum of understanding for the person investing to always understand their plans and also know more about the company. So, I think the first thing to do is to read the memorandum of understanding for the company or to go on the company's website and learn about the company. Sometimes, if it's a scam company that can fail, you might know. Although you might not also know if it's a company that can go bankrupt, putting your investment at stake, In my country, there was a forex company that lasted up to six years; they were trading for people and paying them 21% ROI every month, but they failed along the way, and most people could not get back their capital. Some people invested their life savings and some invested their last pension, but lastly, the company went bankrupt and couldn't pay back a lot of people's capital, so most times a company can be real but might fail when your money is still with them. My opinion on this is to just let people not invest all of their money in one thing, no matter how important the thing is.


Cheers 🥂, Dr.Bitcoin_strange 👺👺

[Iadegbola34]

In my opinion, when it comes to investments, it's important to strike a balance. While understanding the business model is crucial, sometimes our gut feelings can lead us in the right direction. If my instincts are strong and I see potential, I'd probably take a calculated risk and go for it. After all, some of the best investments come from intuition and seizing opportunities. Trusting your instincts can be a valuable asset in the world of business! 🤔💰

[South Park]

I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
 
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

There is not a simple way to answer this, the rule makes sense as if you do not understand what the business is about then most likely the business has no future, however there are exceptions to it, like the development of a new and advanced technology which no one understands at the time except the person behind it, so you need to question yourself if you are in the presence of a revolutionary technology or not, and then decide based on the answer to that question.

[panganib999]

I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.
 
They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

Gut feeling can only get you so far my dude. The fact is that they romanticize these failed investments not knowing that this classic business tip you say might've helped them dodge a ton of failed ideas in the past which could've costed them millions and more than what they missed out on these investments they didn't sign up with. It's important to be in tune with your own feelings, but most importantly you also have to stay grounded and base your business decisions on logic and reason alone, as these two will make sure your business stays afloat no matter what, or fi you're an investor of the outside market, would at least ensure that you don't fall for obvious traps no matter how enticing they may look.

Besides, it's not his fault that the people who pitched him the project's not good or well founded enough to explain to him how they'd earn money from the model.

[mvdheuvel1983]

This is the story of many investors. There many of them who missed out on Facebook, Snapchat, Instagram, Zoom, Twitter, and many of the technology driven organizations. These investors are in my opinion fall into the baby boomer generation because they grew up in a time where to make profit, the model has to be very clear, and it has to be something that makes sense to them just by looking at it. This is why they are still fighting bitcoin or just don't understand how it works. Well, it is only a few that join facts to their instincts and follow it through. Tech companies are turning in millions of dollars monthly because people can't just do without their smartphones which is where the tech product lives. People and expansion equal more money (not always the case but mostly). Your instincts don't fail, it is probably seeing a pattern being blocked by the investor's cultural and myopic.

[Gozie51]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

The reason for the saying that invest in the amount you can bear the loss is really that when you invest you can as well see it as a lost money and if it comes back to you in profit, so be it. This is the mindset of some rich dude and that is why they keep getting rich. Life itself is a risk and if you don't take a risk, you have already taken a risk by your inaction of not taken a risk so whichever way, we need some risk in an unknown adventure only we do such risk with money that we can forego. If the professor took a little faith of risk by his own conviction, he would have been singing a new song of financial benefit.

[Rengga Jati]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

Investment is not a small thing. Because this hurts the money we spend and also the city's plans and targets in the future. It includes some pretty significant stuff. Therefore, personally, I would prefer to invest in a field that I already understand rather than just doing it based on instinct. because this is not gambling, but investment. If it turns out that after deciding that we don't invest in that field and it turns out that they are a great success, let's just say that it hasn't become our fortune. Because we don't know 100℅ what our investment returns. Especially if you just rely on instinct.

[BIT-BENDER]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

It's most times only missed opportunities we talk about and regret over, those opportunities are not always let to go silently, but we fail to understand that having principles has also saved us a lot of money that we never went to check out, so it's not safe to suggest an outright Jetson of laws and principles.

Well if the professor have no idea of what the business was about the best thing he could have done was to go on to try having the basic knowledge of it and also asked those in that field. Think be should blame his approach rather than laws and principles.

[goaldigger]

It might be a classic suggestion but its better than to invest on a thing that you don’t understand and I don’t see any business mind there because for me, its more about of your greed and thinking about making easy profit.

Why will you invest on a project that might hiding something from you? And the only way to know that is to have your own research instead of believing to any marketing campaign. Again, invest on your learning first and money will come later on.

[bayu7adi]

It might be a classic suggestion but its better than to invest on a thing that you don’t understand and I don’t see any business mind there because for me, its more about of your greed and thinking about making easy profit.

Why will you invest on a project that might hiding something from you? And the only way to know that is to have your own research instead of believing to any marketing campaign. Again, invest on your learning first and money will come later on.

However, in my opinion, there are still individuals who choose to invest without adhering to those principles. I have observed some people buying Bitcoin without a fundamental understanding of Bitcoin itself. They make purchases based on technical analysis, hoping to identify patterns that align with their predefined formulas.

Cryptocurrency traders also seem to engage in such practices, particularly those who experience FOMO (Fear Of Missing Out) regarding a coin that is receiving significant attention. The success of these traders motivates many others to imitate their actions. This approach closely resembles gambling, as they rely solely on potential gains.

[dothebeats]

It might be a classic suggestion but its better than to invest on a thing that you don’t understand and I don’t see any business mind there because for me, its more about of your greed and thinking about making easy profit.

Why will you invest on a project that might hiding something from you? And the only way to know that is to have your own research instead of believing to any marketing campaign. Again, invest on your learning first and money will come later on.

However, in my opinion, there are still individuals who choose to invest without adhering to those principles. I have observed some people buying Bitcoin without a fundamental understanding of Bitcoin itself. They make purchases based on technical analysis, hoping to identify patterns that align with their predefined formulas.

Cryptocurrency traders also seem to engage in such practices, particularly those who experience FOMO (Fear Of Missing Out) regarding a coin that is receiving significant attention. The success of these traders motivates many others to imitate their actions. This approach closely resembles gambling, as they rely solely on potential gains.

They're the exceptions, and I think not everyone has the knowledge to do technical analysis. Also, assets wherein TA can be applied are very limited to those big assets that a lot of people are trading on, so they're not completely unheard of to the laymen as they can easily know what those things are about.

The businesses that are being pointed out by OP in this scenario are the startups focusing on innovation and bringing new things to the table that not many people understand. Those are the wild west of investing to a lot of people, but not to those who have an inkling or surface knowledge of what those innovations might be.

[Oasisman]

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

Well, I can't have an instinct towards a business model which I don't understand - so I have to agree that we do not invest into something immediately when you don't understand what you're investing into. It's gonna be the worst thing to lose  your money in something you don't have any idea what's it is all about. I don't want to lose my money like an idiot.
If that model eventually took off, then you will have to accept the fact that you've missed an opportunity, but that opportunity is something you do not know because you are still focus into something you're good into. That's the cycle of life anyway, it's not always a gain.

[Jatiluhung]

I'm the type that always puts more definite considerations first. I definitely want clear information before deciding whether to enter or not.
And if I have good instincts in an area. then I refuse to enter in haste. I would prefer to dive into it and study it carefully enough first. Because I'd rather not make a profit than have to rush in and then lose.
Relying solely on instinct was reckless. because it is only speculative which is impulsive. and we must avoid it. especially if it involves a sizable amount of money.

unless you invest in small money. I also sometimes invest small money in altcoins. but still I do analysis before entering. and only then enter if you see good potential even though it's still unclear. but sometimes my instincts are used here.

[someone703]

I like to look at failures more to know the causes and find ways to avoid them along the way, there are problems where we have to lay the most basic bricks in the first place. So I agree to do your research well before you start, and even doing good research doesn't mean there won't be risks just that you'll know and less of the risks and have solutions. for them. Consider the possible risks and potential loss of capital in case the company fails. Determine your tolerance and risk tolerance. It is certain that a startup company can have great potential, but also face many challenges, so always be mentally ready for anything. And I think it's important to synthesize information and weigh the advice of experienced people and your business instincts. Listen to your inner voice and make a final decision based on all these factors.