Chapter 9 | Build Your Portfolio
"Life's not a sprint, it's a marathon..."
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"Life's not a sprint, it's a marathon."
– Nipsey Hussle, Grinding All My Life
This lyric highlights the idea of taking a long-term view when it comes to investing, as success doesn't happen overnight. It is essential to manage expectations and understand that building a strong portfolio takes time and persistence, much like a marathon.
Remember, as an investor, you should not expect to get rich or become wealthy after investing in just one or a few companies. You must think at scale, investing in a portfolio of many different companies across varying industries and stages to become diversified.
When building your portfolio, consider how much money you have to invest. For example, let's say you want to invest in 12 startups in 2023, with each investment being $100. This means that within the year, you have $1,200 to invest in companies. By the end of the year, you have 12 startups in your portfolio. This is a great goal because you're spreading your bets out.
As you build your portfolio, remember that you are in control of your investment thesis. You may believe in the potential of certain companies more than others. As you construct your portfolio, ensure that you've explored the options, done your due diligence, and created a diverse mix of investments.