11d • General discussion
Quote of the day
"Every time you buy, there's a guy on the other side laughing at you."
One of my mentors told me this.
When you buy a stock, someone sold it to you. When you buy a house, someone sold it to you. When you sign a lease, someone drafted those terms. Every transaction has two sides, and at least one person on the other side knows something you don't.
That's not a reason to never buy anything. That's a reason to stop being the person who doesn't know.
The uncomfortable reality is that most of us enter deals — investments, contracts, negotiations — with way less information than the other side. We don't know the asset's history. We don't know why they're selling. We don't know what the numbers actually mean. And we convince ourselves that's fine because the deal "feels right" or someone we trust said it was good.
That's when the other guy is laughing.
The shift happens when you start doing the work before the deal. Reading the actual documents. Asking uncomfortable questions. Understanding what you own and why. Not just trusting the pitch.
There's a version of you that always ends up on the informed side of a transaction. That version doesn't get laughed at.
Start becoming that person now.
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Quote of the day
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