Compounding requires selectivity. Just because a song paid you $50 doesn't mean you should automatically reinvest it back into the same song. - 💡 Surprise Fact: Reinvesting capital into a decaying asset actually slows your overall portfolio growth. Route the cash to the best deal, not the nearest one. 🗣️ Question: Where do you route your royalties?

Buying everything at once is naïve. Deploy capital over time so you can adjust to macro conditions (like interest rates or new platforms opening). - 💡 Surprise Fact: Your early capital doesn't just buy assets; it buys you the education and information you need to place bigger bets later. 🗣️ Discussion: Are you deploying capital monthly, or waiting for lump-sum opportunities?

Good decisions can sometimes lose money, and bad decisions can sometimes make money (luck). - 💡 Surprise Fact: Professional investors judge the quality of their decision-making process before they judge the final financial result. - 🗣️ Question: Have you ever made money on a deal where you knew you did the math wrong?

Hope is not an investment strategy. If an asset breaks your thesis, you must have a rule for when to cut it loose. - 💡 Surprise Fact: It is common for beginner investors not to define their exit rules before they buy. 🗣️ Discussion: What is your exact criteria for selling a royalty share at a loss?

Gross income alone is meaningless. Making $1,000 on a $50,000 investment is terrible. Making $100 on a $500 investment is incredible. - 💡 Surprise Fact: Smaller, targeted tranches can outperform massive, lump-sum catalog buys. 🗣️ Question: Do you prefer buying $5 shares of many songs, or $5,000 shares of one song?