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There is one thing you need to do to have unlimited ideas. Simple. Easy. But it requires discipline and open mind. ​ Observe. That’s it. ​ Look, Jane Goodall was a lady with no formal education. She just loved animals. In 1960, she went with Louis Leakey, an anthropologist to Tanzania, to give him a hand. They studied chimpanzees’ behaviour. ​ Not much equipment, no laboratory, no guidance. Just a notebook and a pair of binoculars. For a long time, she couldn’t get close to them, but her perseverance paid off. Slowly, she noticed details no one had documented. She observed behaviours that shattered long-standing beliefs, such as chimpanzees using tools, previously thought to be an exclusively human trait. Patience and the power of observation simply revolutionized wildlife research and our understanding and views of our closest relatives in the animal kingdom. ​ Just by looking. Just by observing with the intention to learn. ​ This is why I love to be surrounded by successful people making business. I take my popcorns and enjoy. I observe. I learn. Then, I even try the things that I learned. ​ You can save years by doing that yourself. Observing with the intention to learn. Observing people’s behaviours, observing trends, observing investors, observing businesspeople. With open mind, without judging. Just observing. ​ Then, geeks like me put those things into practice… ​ If you want to observe something this weekend, you can take a look to what I’ve been doing in terms of Real Estate investing in this book. ​ Real numbers, no bullsh*t. You can buy it below.
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It’s a superpower. But people are not interested in the others’ point of view. Just in theirs. We are egocentric by nature. So listening it’s a superpower. I let the agent to do the talking. My side, just questions and nodding. Disclosures? None… well… there was some flooding… Price expectations? This property in 2021 would be selling by… Yes, but what are the owners expectations today. Well… in January, they received an offer by X and was rejected, now… I’m not sure what they owners will...
Arguments, unfortunately, don’t work. It’s proven. People don’t change their beliefs. At least, not with arguments. The reason arguments do not work is that most people hold their ideas and values without thinking about them. Think of politics. Think of clauses that you’ve seen in contracts. Think of people supporting their favourite teams. There is a strong emotional content in their beliefs. They really do not want to have to rework their habits of thinking, and when you challenge them,...
Impossible. Nobody can be that stupid. Well… welcome to another day. A contractor (let’s call him Mr. Optimism) decided to “save time” on a warehouse project. How? By installing the roof before securing the steel structure with the final bolts. “Don’t worry, jefe, it holds by itself.” Famous last words of every construction project ever. The weather app showed light breeze. New Zealand showed: “Hold my beer.” A 45-km/h gust arrived, grabbed the entire roof like a giant frisbee, and sent it...