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Old June 11, 2001, 03:45 PM
Dien Rice
 
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Default Thanks Boyd, great suggestions... :)

Hi Boyd! :)

> First, congratulations on discovering a
> calling.

Thanks, I feel pretty good about it.... :)

Suddenly, I can see a pathway to future wealth which I believe will work for me....

> Next, stick with it until you discover a
> calling that you like even better than
> deal-making.

Yes, my main problem is sometimes getting too distracted by the side-paths! The kind of things Gordon was mentioning a few days ago here.... That's the danger!

By the way, I've found an interesting side-line to this.... As others come to know that I buy and sell, a few people have wanted me to sell their stuff for them, because they'd rather not do it themselves.... So I'm taking on a couple of these "projects" for a percentage of the profits.... :) I'm going to help sell a van and a laptop computer on this basis.... However, I could see this taking off as a business on its own if I wanted to pursue it. I guess it's essentially like selling things on consignment (except that I don't have a store)....

My main interest though is to build this up to a level to where I am buying and selling businesses.... That's my goal.

> Next, continue doing what you're already
> doing: studying deal-making and deal-makers.
> Listen for that inner signal that tells you
> that what you've just read is something you
> should be doing.

> Next, discover the way to be a deal-maker
> that earns the most money per unit of time
> worked. It might be becoming a film
> producer. It might be creating an
> organization which would explore all the
> sales channels for a product you've created
> or gotten the rights to. It might be
> structuring a partnership to create a new
> product. It might be buying that type of
> boat called a Chinese Junk over in your neck
> of the woods and selling it to a rich
> yachtsman in my neck of the woods.

> You're lucky to have a very profitable
> calling, please make the most of it!

Thanks Boyd for all the excellent suggestions! :)

> (By the way, from what I can remember of
> things you've done in the past or expressed
> an interest in, deal-making was at the
> center of them--this is a way to test
> whether a calling is really a calling. For
> example, when you were discussing forming an
> investment pool which you would trade,
> that's deal-making, obviously.)

Yes, actually I see a value-investing approach to the stock market as being similar.... It's about recognizing value that others don't see (yet). I think this is where I have some ability -- or at least I'm willing to do the necessary research to make it low-risk and profitable. :)

Thanks again Boyd! :)

- Dien
 


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