Magical Thinking In Capital Raising

The Myth

There's a myth called if you have value to offer, that people will magically come to you see the value you have to create. That kind of thinking is asinine.

Yes, we all love hearing the story of someone who was just doing their thing, created a lot of value without talking about it, and then went on to raise millions of dollars.

Survivorship Bias

It's called survivorship bias. People seem to not tell the tales of the people they have never heard of, who were creating value, but couldn't raise any capital and then went on to do something else.

In the investment world, where a huge chunk of my colleagues are socially incompetent and think that marketing is some sin as a way to avoid connecting with people. That's a really stupid way to run a business.

The Marketplace

If you have value to share, then actually put it INTO the marketplace. Just hoping that some people will discover you magically is stupid.

GuruFocus Interviews Eric Schleien

Eric Schleien sits down with PJ Pahygiannis of GuruFocus

During the interview, the following questions are asked:

1. How did you get started investing?

2. Describe your investing strategy

3. What drew you to that specific strategy?

4. What books or other investors influenced you?

5. How has your investing changed over the years?

6. Name some of the things that you do that other investors do not

7. Where do you get your investing ideas from?

8. Do you use any stock screeners?

9. Name some of the traits that a company must have for you to invest in

10. What kind of checklist do you use when investing?

11. Before making an investment, what kind of research do you do?

12. What kind of bargains are you finding in this market?

13. How do you feel about the market today? Do you see it as overvalued?

14. What are some books that you are reading now?

15. Any advice to a new investor?

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Getting Into The Weeds On Marijuana Stocks

Eric Schleien & Brian Langis do a re-cap on Brookfield Asset Management & Tesla. Eric & Brian also discuss the marijuana industry.

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Then, the rest of the episode is dedicated to the marijuana industry and the publicly traded companies poised to benefit. Neither will touch that shit with a 10-foot pole…or bong…or whatever you want to use NOT to touch these stocks that are priced to perfection and beyond.

What makes this episode unique is that Eric & Brian get very high up into the big picture as well as get right into the weeds with the nitty-gritty details of the industry/environment. Makes for some super interesting discussion.