The same method to pick up girls
Can be applied to stock investing and any other walk of life
Neil Strauss, in the Pickup Artist a best-selling book and cultural phenomenon when I was out of college, and something I believe Culture Explorer should be considered in his book club, had a great line that I use on anyone and everyone
“Besides your looks, what else do you have going for you?
This is a great question, from relationships to investments: nothing breaks the ice like what you imagine.
Asking point-blank what else is there than the face value
and discovering a response
A case in point that got me thinking about this in the first place…
Warren Buffett asked a simple question
Is that it? Is Amex a one-trick pony?
I didn’t think much of IAC, Barry Diller’s company, and saw it go up without my participation
Now let’s look at an old Blue Chip company at higher levels than its 2000 bubble price
Great, you’re fantastic. What else do you have cooking?
It’s not sufficient in life to take things at face value. You most certainly can get by in life, but to live a life that’s memorable, you do need to ask this question.
And…
That is why you have to have a routine to your investing to spot potential aberrations that may be minor at first.
I have no idea what the market will finish the day or do tomorrow, but I shared a brief assessment of options and extremes.
Do not assume that markets will crash as a result; that was the old Eric, looking for a “crash” on every corner.
Nope, when I see high prices, I want to know more.
CNBC won’t cut it. You have to ask yourself, not Becky Quick
Stay tuned - my nice little compact weekly routine on the markets should be hot off my fingertips soon.
And have a question, join our chat.
Make it an impactful day by going up to the biggest, scariest dude you see in the bar and ask him
“Besides the scary act and the gun in your sock and the knife in your pocket, what else do you have?”
You may have made a new friend, or the doctor treating you.
Nevertheless, you will get a story out of it
Eric