The Power of Positive Thinking

For those of you who know me, I think it’s fairly safe to say that I’m pretty much a pessimist; the glass is half empty sort of guy. It’s not that I particularly like being that way, it’s just how I’ve always been.

I’m trying to do something about that though.

The more I get into trying to start and run a successful business, the more I realize that in order to get to where I want to be, I need to have a more positive outlook on things and, more importantly, learn to trust my gut.

Look, I’m not trying to post a self-help manual here; that’s not what I’m about. But I do think that there is something to be said for having a positive outlook as well as being confident in your abilities to make good decisions for both you and your business.

Let me give you a real world example, two million dollar example.

In the winter of 2004, I was reading a stock picking forum on Yahoo! and I came across this one penny stock that for some reason or another caught my attention. The ticker was QBID.pk (pk means it was traded as a pink sheet, so technically it wasn’t really traded on any major exchanges) and was actually the stock for the first dedicated gay and lesbian cable television station.

While the station itself was of no interest to me, the idea behind it was, and I remember a year or two before Bob Johnson sold Black Entertainment Television (BET) to Viacom for over a billion dollars. I likened this new TV station to the next BET.

Anyway, I did my due diligence, researched the stock, checked the balance sheets, called the company – basically all the stuff you should do before you invest in any company. After all of my research, I thought this would be a good investment and was ready to throw down $10,000 on the stock.

For some lucky people, 10 grand may not sound like much, but at the time, that was about 50% of my free cash.

The next day at work, I entered all of the transaction information into my Ameritrade account and was ready to make the trade. I had done my homework and everything in my gut told me to make the trade.

Then the little voice inside my head said to not do it. It was too much money. Why would you invest in that stock? It was too risky.

So, that day the negative, little voice in my head won out and I didn’t make the trade.

Within in three months, that $10,000 investment would have been up to $2,500,000. Instead, it was still $10,000. I essentially lost $2.5 million dollars by simply not listening to my gut.

So, don’t tell me it doesn’t pay to be positive, confident and listen to your gut. You’ve done the work, you know what you’re doing, so you might as well trust in your abilities and let the chips fall where they may.

Comments

  1. Negative thoughts produce a negative outcome… Positive thoughts produce a positive outcome. Right again!