Successful people aren’t martians! Success is possible for everyone. Jason Hartman speaks on taking advantage of a lucky situation by preparing for the opportunities that will inevitably drop into our lives.
Then, Jason and George Gammon return for the conclusion of our three part story: the building blocks of the Jason Hartman Risk Evaluator. Jason also shares a modern day story taking place in Seattle, proving once again the risk of investing in a cyclical market.
Key Takeaways:
[3:45] The vast majority of us came from very humble beginnings
[8:06] “Luck is what happens when preparation meets opportunity” – Seneca
[10:24] The content is what happens, the context is the environment (our head) it happens in
[17:45] The risk when investing is in high land values
[18:26] Three types of markets: linear, cyclical and hybrid. What market is a preferred market for investing?
[23:00] Low land value equals low risk, high land value equals high risk
[28:10] Human biases: recency bias, sunk-cost bias, and certainty bias can all distract an investor
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