Adopting the Investor’s Mind

Jay TuroOver at the GrowThink Blog, Jay Turo writes that founders need to adopt both the Entrepreneur’s Mind and Investor’s Mind.

For Entrepreneurs, just for a few moments, step in the space of not believing one’s own propaganda. This too, is hard as what makes entrepreneurs who they are is their unshakeable and often irrational self-belief, in spite of often much evidence to the contrary. This self-belief serves them well as leaders and as creators, but as shareholders not so much. And as shareholders, the irrefutable principles of diversification, of long-term and global planning, and of the overriding importance of small differences in return, multiplied over time, so fundamentally apply.

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