I've been seeing an issue recently with some of my investing students: they’re bringing deals to me to look over as we work together, and many of these deals have no way of making money. These students are just desperate to either put a deal in their pocket, or more often, they feel deeply for the seller and want to help them.
The problem is, even though what we do as investors is a service-based business, we can’t sacrifice our own livelihood to help every seller we come across.
One of my pet peeves is when people can’t pull themselves out of their own head to think big about their business. I came from a family of dairy farmers and we didn’t have a lot of money. But I developed a mentality, despite my surroundings in rural Michigan, of thinking bigger than the people around me