Shaq's Secret of Success
You can apply immediately
Remember, everything you read has an agenda or intended goal, but now and then, if you review the facts, you can rearrange them to your own needs.
If you are not aware, Shaquille O’Neal made a phenomenal investment in Google before it became public and forgot that he owned it until years later.
The news media, from time to time, likes to share this about his luck and acumen. Here is the gist of it:
The way I reinterpret this is that he was alert to his surroundings and found something that interested him by observing what interests others.
Part 2 - He invested and forgot.
The press implies here that Shaq is a brilliant observer of opportunity and doesn’t need the money, “forgetting” about his investment.
I can easily say that let's hear about his duds and how they came about. Maybe he “remembered” his investment when seeing all the crap he bought. Like a one-man Softbank.
If we only hear about the winners, we have no context for his investment outlook.
Nevertheless, what this can teach you is probably better than any Warren Buffett interview you can find online.
What is it saying?
Observe what people are interested in and what may interest you. And
Do it before you see it on TV
When you invest, no point in looking at the price swings daily
It’s that simple.
What’s not simple is the amount of tme for it to play out which is why I write, he goes on TV as sports, others play golf,
So #4 is do what you truly enjoy.
Hope your watching a great midnight movie as I will in a few,
Eric