Wednesday, October 8, 2008



Focus (definition):
  • concentrate: direct one's attention on something;
  • maximum clarity or distinctness of an idea; "the controversy brought clearly into focus an important difference of opinion"
The Most Important Ingredient to Success

When asked what the most important thing that led to their success, Warren Buffett and Bill Gates replied "focus".

I have always been told to do well on everything and if I become really good at something I would be successful. I have been told to find something I have a relentless interest for and success will eventually follow. I think the secret to success breaks down to "focus". To be the best at something in the world, you have to have the physical and mental capacity first. If you want to be the best business man/woman, you aren't born with the knowledge of business. You may have the attributes to be a great business person as you grow up, but the knowledge has to be learned. I feel the more you learn on the topic the better off you will be.

My goal is to be a great investor and businessman. How do I get there? I have determined that I have the physical and mental capacity to be one of the best. Step 1, complete. Step 2, obtain and gain knowledge in those areas. My knowledge comes from experiences in investing and business (both success and failures), talking to others and getting their opinions, building scenarios and possible outcomes, joining clubs and associations, and reading on the subject (books, blogs, audiobooks, podcasts, internet sites, seminars, studying for certifications, news stories, and following the advice of others who are great in the field or fields).

Never stop learning about your topic, to be the best you have to have the best, most accurate information from the past and present. The better your information, the better assessments you can make now and for the future. Focus on what you want to be and how you are going to get there and what you have to do. Constantly focus on the topic and dream about where you will be in the future. Don't get lazy, put time, effort and focus into it. Think about what you are doing and build a scenario on what someone else in the world is doing and compete against them. If you are not thinking about it at least once a day or at minimum most days out of the week, you probably will never be the best, because chances are someone else is thinking about it on a daily basis and acting on how to be the best.

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