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I do it to do it.
Deals are my art form.
He insists he loves it and has repeatedly illustrated how knowledge and passion can yield extraordinary results.
He has often stressed that loving the work brings out his best performance and ultimately drives superior results.
This commitment to passion over pure profit motive has been a cornerstone of his success over the decades.
This starts with self-assessment.
Loughery said, Investors should ask before pursuing a passion project: Does this investment have strong financial fundamentals?
How does it align with my long-term goals?
What are the potential risks and downsides?
Answering these questions honestly can help investors know whether or not the venture is financially and personally fulfilling.
Embracing this approach requires discipline.
Passion helps you persist, but exaggeration is blind.
Ignorance is no defense against due diligence, even for most seasoned investors.
To avoid such pitfalls, investors must maintain objectivity.
Setting predetermined exit strategies can prevent emotional decision-making.
Investors should also regularly review financial performance to ensure passion-driven investments remain financially sound.
Additionally, diversifying across industries prevents overexposure to a single sector.
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