How to make money consistently – Ziad Abdelnour

After a few decades investing in the markets I am coming to realize that to make money in such markets you have to first and foremost think independently and be humble. You have to be an independent thinker because you can’t make money agreeing with the consensus view, which is already embedded in the price. Yet whenever you’re betting against the consensus, there’s a significant probability you’re going to be wrong, so you have to be humble.

Early in my career I learned this lesson the hard way — through some very painful bad bets. The biggest of these mistakes occurred in the early 80s, when I became convinced that the U.S. economy was about to fall into a depression. My research had led me to believe that, with the Fed’s tight money policy and lots of debt outstanding, there would be a global wave of debt defaults, and if the Fed tried to handle it by printing money, inflation would accelerate. I was so certain that a depression was coming that I proclaimed it everywhere. Boy, was I wrong. What I’d considered improbable was exactly what happened: Fed chairman Paul Volcker’s move to lower interest rates and make money and credit available helped jump-start a bull market in stocks and the U.S. economy’s greatest ever noninflationary growth period.

For more information: http://ziadabdelnourblackhawk.com/making-money-consistently-a-review-of-the-state-of-the-art/ 

Basics of making money

One thing I do know is that #making money is not the same as starting a business. For entrepreneurs, this is an important thing to understand. Most of us identify with the products we create or services we provide. I am a financier. He is a headhunter. She builds computer networks. But the fact is, all of us must master one skill that supersedes the others: making money. You can be the most creative software designer or engineer in the world. But if you don’t know how to make money, you’re never going to have much of a business or a whole lot of autonomy.

This is not about getting rich (though there’s certainly nothing wrong with that). Instead, for me, making money is about “freedom”. When you owe people money, they own you—or, at least, they own your schedule and you are literally their corporate slave. As long as you remain profitable, the timeline is yours to create.

It took me a long time to figure out how to #make real money. Here’s how the lessons unfolded.

1. Know your client inside out. Understanding what people really want to know—and how that differs from what you want to tell them—is a fundamental tenet of sales. And you can’t get good at making money unless you get good at selling. I learned this as a teenage “anything goes” salesman having the trading DNA gene in my Phoenician blood, and it still drives how I operate. This is hardly a unique insight. But judging by the number of companies and products that totally miss the mark, day after day, it’s a lesson that needs to be learned again and again.

 For more information: 

http://ziadabdelnourauthor.com/about-the-basics-of-making-money/ 

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About the Basics of Making Money

This is how we learn most things. Whether you want to be a writer or a musician or a painter or a baker or an accountant, the way to get there is fairly clear. Not everyone’s going to be as good as one would like to be, but at least you know where to start. Lessons, classes, books, internships, … All of these things are accessible to most people who want them.

One of the interesting things about picking up polo was that I realized it had been some time since I had actually tried to learn something new. We spend most of our childhoods learning new things. But as you get older, the frequency with which you develop new talents slows down. Sometimes it stops completely.

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