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3 Questions From the Small Town Billionaire

  Broadcast in Business

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The book was called, "The Winning Investment Habits of Warren Buffet and George Soros", by Mark Tier (a friend of my friend, Tim Staermose).

This book struck a nerve with me, and I wrote down their 23 investment priorities and 12 criteria of a good investment, and for several months I reviewed one each morning during my "Daily Documents" readings.

But what really mattered most was the simple "Circle of Competence" that Buffet and Soros use to guide what they invest in.

All you have to do is ask yourself 3 questions.

1. What are you interested in?
2. What do you know now?
3. What would you like to know about and are willing to learn?

But, when I answer those questions about other business opportunities, I was quickly reminded of where I should invest my money (and time and energy).

1. What are you interested in? - Information publishing.
2. What do you know now? - Quite a bit.
3. What would you like to know about and are willing to learn? - I live for this stuff.

My passion for information publishing (online and offline) lined up with Buffet's obsession with stocks.

In fact, one of Buffet's 23 investment priorities is, "Live and breath investing 24 hours a day".

People who should listen to this show are people who don't understand the importance of investing

Tags:
Davida Shensky
Investing
Financial gains
leadership
communication
marketing
management
financial planning
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