Repeatable: The Key to Sustainable Success 2021-03-01
Why chase a win that can't be replicated? Think about it: gambling and the lottery. They're the ultimate examples of non-repeatable actions. Relying on them is like building your house on sand – it's pure luck, and the odds are stacked against you.
This "repeatability test" is crucial, not just for games of chance, but for any endeavor, especially investing. If you can't repeat it, can you truly call it a strategy? If a brilliant investment win was a fluke, a one-off, all that effort could be wasted in the long run. It's like hitting a hole-in-one in golf – amazing, sure, but can you do it again on demand? Probably not.
So, when considering any investment idea, ask yourself: Can I repeat this? If the answer is no, it's a red flag. Toss it out. A truly valuable investment strategy, a business model, or even a personal habit must be repeatable. Without repeatability, there's no consistency, no predictability, and ultimately, no lasting value. It's just a gamble, dressed up in different clothes.
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