Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Cape Blanco who wrote (13725)	2/22/2013 6:55:43 PM
From: John Pitera	1 Recommendation Respond to of 33421

Well said and I think what you say is an excellent metaphor for the Massive Global Quantitative Easing that continues to occur. John

To: Cape Blanco who wrote (13725)	2/22/2013 7:31:59 PM
From: Yorikke	2 Recommendations Respond to of 33421

Lots of good ideas are left at the bar. I think the reality of the risk is what people have a problem with. It's a kind of buyer's remorse. You have some time to look at the project and realize it is going to take a great big chunk out of your life and come to understand you are a lot more risk averse and more time committed than you were thinking about over that beer. That does not make the idea any better or worse. In actuality, good ideas are pretty cheap. It's the cost of making them reality that takes an entrepreneur's guts. Most people have never committed to a business idea. To make matters worse, taking on a partner is like getting married, only you don't usually have sex, but are almost always guaranteed to get screwed. The next time you hear a guy bragging that he has 'lots' of great idea's, I can almost guarantee you he is a salaried worker who wouldn't do nothin to disturb his healthcare plan. A real risk taker, for sure. Usually the guys who take an idea and make it work are pretty much consumed by it, and are lucky to get out alive. Its the rare one that makes it really big, most just use the power of compounding to get where they want to go. When you take on something like that you have to stuff your ears full of beeswax and tie yourself to your computer, because everything other than what you have committed to sounds good if you let yourself listen. It can be humiliating and humbling but you have to believe through a lot of long nights and sum zero days. If you trust yourself you can take an idea and make money with it. But I guarantee you won't be drawing any business plans on the back of napkins after a few years of that kind of 'creativity'.

To: Cape Blanco who wrote (13725)	2/22/2013 7:31:59 PM
From: Yorikke	1 Recommendation Respond to of 33421

Lots of good ideas are left at the bar. I think the reality of the risk is what people have a problem with. It's a kind of buyer's remorse. You have some time to look at the project and realize it is going to take a great big chunk out of your life and come to understand you are a lot more risk averse and more time committed than you were thinking about over that beer. That does not make the idea any better or worse. In actuality, good ideas are pretty cheap. It's the cost of making them reality that takes an entrepreneur's guts. Most people have never committed to a business idea. To make matters worse, taking on a partner is like getting married, only you don't usually have sex, but are almost always guaranteed to get screwed. The next time you hear a guy bragging that he has 'lots' of great idea's, I can almost guarantee you he is a salaried worker who wouldn't do nothin to disturb his healthcare plan. A real risk taker, for sure. Usually the guys who take an idea and make it work are pretty much consumed by it, and are lucky to get out alive. Its the rare one that makes it really big, most just use the power of compounding to get where they want to go. When you take on something like that you have to stuff your ears full of beeswax and tie yourself to your computer, because everything other than what you have committed to sounds good if you let yourself listen. It can be humiliating and humbling but you have to believe through a lot of long nights and sum zero days. If you trust yourself you can take an idea and make money with it. But I guarantee you won't be drawing any business plans on the back of napkins after a few years of that kind of 'creativity'.