Andonce I believe I havegonein a pretty, prettygoodhangofthatskillsetthatdeveloped a newexcusesetstackingonthefirstschoolseton 1/2 andthefirstyousaidthat I focusondeveloping, wascooperatinghowtowritecampaignsandsellslettersandsellsmessages, thenlaidon a stackonthesecondskill, whichthenit's consultingright.
A steakonthatscaleandthenlateron, it's It's closing a seconddesk, youandsoforth.
Sofocusfirstbefore I diversify.
I wasn't tryingtodevelopallthesenewsetsatthesametime.
HetoldmeoverNow a decadetodevelopdifferentskillsetsovertheyears.
Stepbystep.
That's from a a personalskillsetperspective.
Whenhecomestoinvestment, itisthesameidea.
Youseethechallengewithmostpeopleistheychasedtoomanyshinyobjectsbecausetheydon't have a veryclearcriteriaasaninvestor, whattheyinvestin, whattosaynotoHey, youknowwhatSoandsosaysthat's a goodideatogetallhypedupinpsychdamnaboutcertainthingstheyseeonFacebook.
Whenyoutrytodothat, thebeginningandthat's likefinanciallyin a suicidalbecauseyoulosefocus, andbythetimeyouhavemoreresourceisitalsomeansthatyouhavemoreof a teamtohelpyoumanage.
Inthebeginning, I onlyhad a little, littleonelittleteam.
Andnowyouhave a prettybigteaminyourfinancialplannerandtechstrategiesandlegalcounselandthecountenance.
Jawohl, bookkeeper, Goonandon.
No.
Nowyouhave a wholegroupofpeoplemakingfinancialdecisionsalongsidewithmeaboutwhat I dorightwithwithintermsofmanagingmoney, right?
I gettheadvice.
But I didn't getthereovernight.
Theystepbystep, sofocusedbeforeyoudiversify.
Itistemptingtosay, Hey, youknowwhat?
Maybe I cangetquicklikedoingthatitprofessionalinvestor.
A sophisticatedinvestordoesn't dothat.
A professionalinvestorknowsthisismyinvestmentcriteria.
Iftheseinvestmentsdoesn't fitthatcriteria, I don't evenlookatit.
Butifitfitsmycriteria, thenyes, then I wouldconsideritlookingintoit.
Whatdo I havetosayaboutdiversifyingyourportfolioordiversifyingyourfocus?