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Entrepreneurs burn the boats and refuse to quit, pushing themselves to the brink. Investors take a 30,000-foot view, cut losses without emotion, and win by accepting that six out of ten bets is enough.
Entrepreneurs burn the boats and refuse to quit, pushing themselves to the brink. Investors take a 30,000-foot view, cut losses without emotion, and win by accepting that six out of ten bets is enough.
The difference in being an entrepreneur and an investor is that an entrepreneur will put their head down and has a burn the boats mentality and will literally almost kill themselves to make something work. Like they don't have failure in their vocabulary. And that's the thing that makes them successful. A great investor, and I actually categorize myself as an investor more than an entrepreneur, is someone that looks at the forest through the trees, looks at the 30,000-foot view, and has an ability to cut losses. The hallmark of a great investor is being able to cut the losers and double down on the winners and have no emotional attachment. The major difference is that entrepreneurs have a burn the boats mentality, whereas a great investor knows they only need to win 6 out of 10 times in order to be successful, and they're willing to cut those other 4 because it's actually dragging their portfolio down.
