It’s quite interesting to observe how different people involved in the same workplace meeting walk away from it with vastly different mandates and yet they work for the exact same company. You’ll have the manager who perhaps has renewed impetus to get on the backs of their subordinates, the personal assistant who has some minutes to file, the accountant who has to go over certain numbers all over again and perhaps even the ground-level workers who have to double their efforts in order to meet some sort of upcoming target or deadline. All this really demonstrates is how differently we experience the same things in life and when it comes to investing, that’s sadly where many people get it wrong while only a few get it right.
Extracting the Most Value out of Each Interaction
If you buy a newspaper on the way back from work each day and your neighbour does the exact same thing, that’s just another example of how two people basically invest in the same thing each day. Similarly, if you watch certain advertisements on the television during a sports match, and so does your neighbour, it can be a kind of targeted advertising. In target advertising, usually with the help of a marketing software (more info here), companies can analyse their customer or viewer data to know what kind of a customer base their product has, and use that information to enhance personalization in their ads which are directed towards that specific audience.
The weekend paper that you and your neighbour bought, is also filled with however are some betting tips and information somebody who is clued up about the different types of horse racing would naturally find very useful, whereas someone else who bought the exact same paper will skip right over that section as that information is pretty much useless to them. This is an example of how one person gets more value out of making the exact same investment as their peer, with the only differentiating factor in this instance being a willingness to learn new things and perhaps take the time to do a bit of research and arm oneself with knowledge beyond what is prescribed at school and at work.
The knowledge you have of a particular field or industry definitely shapes the manner in which you approach your investments in that industry and it is indeed often just a matter of those who take the time to learn more about that particular industry benefiting more out of being able to take advantage of better avenues of investment into that industry. To drive the point home I’d like to go back to the example of the meeting everybody attends at their workplace.
The qualified professionals active in that business or company get paid a salary based on their qualifications and experience, which translates into specialised knowledge of the industry they’re active in, but someone who perhaps bought the shares of that company perhaps has a broader knowledge of that industry and can therefore use that knowledge to benefit the most out of the meeting such as one wherein it is resolved that there will be an emphasis on bumping up output to meet the growing demands of fulfilling a new bit of business, for example.