manny ramirez

manny ramirez

Everybody Wants... But Not Everybody Gets | Tai's Mentor Tip of the Day

1d ago
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I explain more about getting what you deserve on my blog - check it out: http://www.tailopez.com/blog/119&source=yt&sid=WdgTmv5gn9Q A friend is visiting me in Hollywood from Sweden. She has an amazing voice and her dream is to be a rock star. She asked if I can get her get signed by a big music label. ================================================ Everyone Wants... ================================================ I immediately thought, "Everyone wants... But not everyone gets." The world isn't fair like that. It doesn't care about what we want. I was thinking of the wise words of Charlie Munger: "I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you. Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day -- if you live long enough -- most people get what they deserve." That's the trick. Not everyone gets because not everyone deserves. And I know this girl. She is good. She has an amazing voice. But... I get about 50 emails a day with people asking me to invest in them, to help them. A few months ago this guy emailed me and said, "Tai I know you are an investor. Can I take you out to lunch and tell you my idea? I have the next BILLION dollar idea." I wrote him back and said, "I have a question for you. If you answer this correctly I'll agree to sit down with you and maybe even invest in your idea." I asked him, "Have you ever started a million dollar company?" He said, "no"... I then asked, "Have you ever started a six figure company?" He said, "no"... Turns out he hadn't even started any company before. I wrote back and said, "Then why are you starting with a billion dollar idea?" Too cocky for my tastes. I explain more about getting what you deserve on my blog - check it out: http://www.tailopez.com/blog/119&source=yt&sid=WdgTmv5gn9Q ================================================ First Base First... ================================================ This is the problem. Everyone wants to start with a home run. Why not just start with a base hit? There was this famous baseball player, Manny Ramirez. He played here in LA for the Dodgers. I read that one reason he was hated was because he always wanted the glory. Even if the team didn't need a home run to win (the bases were loaded), Manny would come looking to hit a grand slam. You know who is smarter and a hell of a lot richer than Manny? Warren Buffett. In an interview for Forbes with Jay-Z, Warren says something like: "I have these rules. First rule is don't lose, and the second rule is never forget the first rule. It really isn't so much having a lot of brilliant decisions. It's just not having terrible ones. I learned from Benjamin Graham [his mentor] how to avoid ever have any big disasters as an investor. It wasn't that you were ever going to come up with the very smartest thing. But if never have any significant losses... some singles and doubles will produce a lot of runs before you get through." This is coming from a man with a 155 IQ who made $40 billion dollars and started a company with $147 billion in revenue. If he says he doesn't really rely on brilliant ideas who are you and I to be so cocky as to think we will come up with the next 'billion dollar idea?' Forget the billion dollar idea. That is for suckers. I mean, yes, if you have already made a million dollars then sure, swing for a home run. You earned it. You already have made it to 2nd or 3rd base. But if you are just starting out, you better humble yourself. Joel Salatin used to tell me back ...