" I didn't think I'd regret trying and failing. And I suspected I would always be haunted by a decision to not try at all "
Jeff Bezos
Jeff Benzo Books
1. View Investments Like Planting Seeds
Consider any new investment, whether in the stock market, an ETF or a new business, as planting a seed. All seeds need the right conditions to grow and prosper, and more than anything else, they need time. Be patient and let your investments mature .
2. Carefully Make Decisions Based on Their Significance
Bezos calls the more significant type of choice a "Type One" decision, likening it to stepping through a one-way door. Make these carefully with input from others. "Type Two" decisions are less serious and reversible, so don't spend too much time on them .
3. See Failure as Feedback
You won't make the right investments or financial decisions all the time. Expect a few stumbles, and learn from your failures to better inform your future plans and goals .
4. Cash Flow Is Crucial
Keep your eye on your cash flow. The future value of your investments or savings is determined by your present and future cash flow. The more money you generate, the more you can invest or save .
5. Know How To Identify a 'Dream Business'
Whether starting your own business or investing in someone else's, look for one with a loyal customer base, the potential to scale up significantly, promising high returns on capital, and real long-term potential .
6. Take Risks
You're more likely to regret missed opportunities than things you tried that didn't work out. Failure usually results in lessons learned, not regrets. Go after your goals and dreams rather than wondering "What if?"
7. The Power of Wandering
Bezos believes in the power of wandering and exploring new areas. He says it leads to a more diverse set of experiences, which in turn leads to more creativity and innovation .
8. Stick to Your Investment Philosophy
Every investor is different. Following a mixed mantra doesn't always work. Understand your strengths and weaknesses and put them to the best use. Stick to your philosophy and make necessary adjustments .
9. Make Important Decisions Before Afternoon
Bezos makes all his important decisions around 10:30 AM. This gives him time to discuss the decision, sleep on it, and wake up with the mental composure to make the deal without feeling rushed .
10. Good Business Ideas Have an Element of Risk
If a business idea sounds risky, it's probably bringing something new to the table. Experiments fail, but successful ones leave a mark on history and make the highest financial gains. Just don't take a risk that could leave you bankrupt . Learn more Real-Time Billionaires