Smart investors are doing these 3 things
1. Being active in social media.
It’s not enough to just set up a twitter account and leave it dormant or, join linkedin, add your friend Steve then never look at it again. Social media is increasingly becoming an essential source of information. To stay ahead of the game you need to be on these sites, engaging in conversations and listening to what people are saying – to stay relevant you need to be competing in this arena.
2. Learning from mistakes (not necessarily your own)
Our newspapers have been bursting at the seams with banking scandals over the past month. You can read these, judge the culprits involved then allow these articles to line your waste paper bins. Or you can engage the analytical part of your brain, assess the series of events, figure out how this might translate to your field, learn from what’s happened and ensure your not the person everyone is judging tomorrow.
3. Avoiding the trap of hubris
Right now we are in a period of change. Lots of companies are seeing strategies overhauled, they’re feeling movement in alien directions and are, as a result, disconnecting with basic principals. Although some people are responding to this change by experiencing nerves they haven’t felt in a while and are suddenly finding themselves unfamiliar with concepts that were once second nature, those at the forefront of this change are in danger of falling into the trap of hubris. Whilst it is important to keep your mind open to new ideas, it is also important to remember that if you are championing them you must always be aware of arrogance, as it can ultimately stand in the way of your success.