great post Howard. the last paragraph sums everything up very well - in fact, it should be internalized (perhaps even memorized) by any entrepreneur hopefuls.
Great post. I loved Risk when I was young, more than Monopoly. Your point of not trying to be all things to all people is spot on. I also just finish your latest book and it was incredible! I recently jumped on GMCR due to the all time new high approach you mentioned. I find it is something that is easy to believe in! I am less apt to trade in and out of it of my positions and this has already helped me with some of my past trading mistakes.
Mike
howardlindzon
· 4 months ago
if you learn to cut losses and take losses after huge runs and big givebacks, all-time highs will always make you money. truly the best market strategy and simple. stressful as all stock market strategies but dead simple
glad you liked thebook. thx
Bob Brill
· 4 months ago
"generally pile into a few corners of the globe and work my way out...": Mulling over your successful RISK/life strategy. Covered much territory with familiar examples and drove to a point in digestible length. Sounds like you are in a blogging groove. Funny exercise as I write comment and then reverse order of sentences, even internal to lead, to prepare for Tweet :)
howardlindzon
· 4 months ago
Thx bob. Appreciated. I do feel I have regained my blogging groove. Less stocks more me.
jworthy
· 4 months ago
Great.
David Fishman
· 4 months ago
Got Park Place and Boardwalk for sale :)
dantinpa
· 4 months ago
Love the monopoly analysis, I play with my 10 & 8 year old boys and get a kick when they start figuring it out: buying the light blues instead of BW/PP, 3 house ROI and ironically - the value of just staying put in jail - not sure how I spin this one. So far their rule changes have been oriented towards "get rich fast", this could be really good or really bad . . .
William Mougayar
· 4 months ago
Great post. Young entrepreneurs don't see all the hurdles that a more seasoned person might, and that's better that way. But as you alluded, having a more experienced advisor next to them can help them avoid some mistakes. The other point you have described is the classic "Flanking attack" approach- in Marketing warfare terms. A new entrant will be more successful if they start in an uncontested area. And Yes to less stock-talk and more $HL...
A great game to play is Cashflow 101. It's all about entrepreneurship and investing.
ivanhoff
· 4 months ago
The best approach in any strategy game is to go where few are willing to go. It is the same in life.
LowRound
· 4 months ago
Reading that made me feel better about the past 5 years. Somehow it is much easier when the kids are in diapers as opposed to 3 years away from college. There is a time to be brave. Take advantage!
All Comments
have a good weekend.
Great post. I loved Risk when I was young, more than Monopoly. Your point of not trying to be all things to all people is spot on. I also just finish your latest book and it was incredible! I recently jumped on GMCR due to the all time new high approach you mentioned. I find it is something that is easy to believe in! I am less apt to trade in and out of it of my positions and this has already helped me with some of my past trading mistakes.
Mike
glad you liked thebook. thx
The other point you have described is the classic "Flanking attack" approach- in Marketing warfare terms. A new entrant will be more successful if they start in an uncontested area.
And Yes to less stock-talk and more $HL...
If you still like RISK, check out conquerclub.com