What if you thought of more creative solutions for the seller like seller financing and were about to give them the price they wanted on the terms you wanted? Your competition sees a challenge and gives up. They see an unreasonable price or too much work and run. Pt3

They see you and they make up reasons you will fail, so they never get started unless they can find someone else to guide them through the scary dark woods. Don’t be your competition, be like Tal. Pt4

There’s a concept in chess that you should try to activate your worst piece in the position if at all possible. In investing this could mean selling a loser and buying more winners! Or changing a struggling long term rental into a cashflowing mid-term or short-term rental!

1)As investors sometimes deal so south and we can’t out. Tenants need to be evicted and even our favorite stocks get hit what seems like an unreasonable amount sometimes. So the best course of action is often not to sell, not to do anything actually. 📷

2)Our brains are wired to feel pain, and just selling is the easy way out of that pain. We may even know it’s the wrong course of action and do it anyway. In chess, the temptation to trade pieces can be really strong, especially when it reduces complications in a position.

3)Inherently, we want to reduce suffering, and worrying about all the ways our opponents can attack us can be quite a burden. But by no means does that make it the correct course of action.

4) Our brains are wired to avoid 2)pain, and just selling is the easy way out of that pain. We may even know it’s the wrong course of action and do it anyway. In chess, the temptation to trade pieces can be really strong, especially when it reduces complications in a position.

5)Inherently, we want to reduce suffering, and worrying about all the ways our opponents can attack us can be quite a burden. But by no means does that make it the correct course of action.

7) So here’s what we can do. We can acknowledge that we want to sell, BUT that this feeling is likely temporary and give ourselves permission to again ask ourselves the next week. Why not the next day? Can you imagine the next day comes and the stock crashes further...