Spread your investments across multiple deal providers so one failure doesn't sink you. Accept that some deals will underperform no matter how much research you do. Move on quickly when they don't work out.
So diversify via the risk profile of the asset itself, but you also want to diversify via the provider, deal provider. Okay, so you might have 5 different deals going, but if you have it all with one provider, then you've got a key person risk with that single provider. But if you had opportunities that were spread over different people that are doing different things, even if one doesn't go so well, The others are still doing okay. So that's why we don't put everything in one. Like, if you think that all of your journey around wealth creation and investing is just going to be rainbows and unicorns and everything's going to be totally fine, you're absolutely kidding yourself. It's not going to be happening whatsoever. You've got to make sure that you, um, you expect that there's going to be some things that aren't going to work perfectly, okay? And, uh, prepare for it and be ready to move past it as soon as it winds up happening, right? Because that's just the reality of investing. It doesn't all go perfectly. No matter how much due diligence and how much work and how much networks you have, it's just the reality of the marketplace because the market changes.
