The Inside Investor gets the goods
Some recent experiences have reinforced for me the importance of being an insider.
Not only is it important for fruitful investing, it is also key to a successful professional career.
For example, you are far more likely to get awarded contracts, or get offered an exciting job, if you are already known and respected by the client. Even in circumstances where a competitor may have a slightly stronger proposition.
If you are on the inside you are likely to be the first to be offered lucrative business opportunities.
The reason is that clients prefer to deal with people that they have previously had successful dealings with. They would rather continue doing business with someone who has demonstrated that they can successfully deliver.
This lowers the risks of the business relationship, lowers the transaction cost (the client doesn’t have to re-train a new provider), and increases the chances of a successful outcome.
It’s the same with investing. Great opportunities are likely to be offered to insiders before others.
Good insiders have previously demonstrated the value that they can bring to an investment (market knowledge, experience in growing investments, valuable contacts, etc).
As someone who’s got a unique set of experiences and expertise, what value do you bring to your investments to ensure that you get offered the best opportunities?