The difference between the top 1% and the remaining 99% is not primarily due to intelligence, wealth, or luck but rather due to specific concepts and habits they apply in their lives.

Success is not solely determined by IQ, circumstances, or luck

Achieving exceptional results requires the ability to perform at the highest level (Tier 10 Work) and having the discipline and drive (Willpower) to consistently do so.

Tier 10 Work and Willpower are the two key factors for success

These games illustrate how success is achieved through structured routines, goal-setting, and maintaining key aspects of well-being (energy, fulfillment, and environment).

The Sims and World of Warcraft provide a blueprint for real-life success

Just like in The Sims, successful people optimize their “life bars” (energy, sleep, diet, environment, socialization, and fun) to ensure they are in the best condition to perform at their highest level.

Life bars need to be optimized for peak performance

High achievers follow a structured routine with minimal distractions, focusing their energy on productive tasks and systematically recharging themselves.

Routine and discipline are crucial

Beginners often lack consistency, suffer from poor sleep, diet, and habits, and allow distractions to derail their progress, resulting in subpar work and limited success.

Most people fail due to disorganization and distractions

The Power of Belief, Fulfillment, and Social Recognition<ul><li class="ql-align-justify">Believe in yourself and the potential for progress.</li><li class="ql-align-justify">Find fulfillment in small achievements and successes.</li><li class="ql-align-justify">Enjoy the recognition and competition from others.</li></ul>By applying these principles to real life, you can unlock similar levels of motivation and drive.

Belief, fulfillment, and social recognition drive motivation

People perform better in games because they can see progress clearly and have structured goals. Applying the same mindset and structure in real life can lead to significant improvements.

Break the mental barrier between games and real life

Just like leveling up in a game, setting small, achievable goals in business or personal growth helps sustain motivation and provides a sense of progress.

Set realistic goals and track progress

Being in a community of entrepreneurs or driven individuals helps fuel motivation, provides benchmarks for success, and creates a healthy competitive environment.

Surround yourself with like-minded individuals

Every aspect of your work and living space should be designed to enhance productivity and minimize distractions, just like optimizing a character’s environment in a game.

Optimize your environment for success

Instead of relying on willpower alone, create conditions that make success easier by designing your life around productive habits and routines.

Success requires stacking the deck in your favor

Just like in games, progress takes time, effort, and patience. The key is consistent execution of optimized habits.

Success is a process, not an event

If you look at how games work it become very clear there is a huge barrier between knowing right choices in life and actually making them. Ironically, when people play games this barrier disappears. I want to talk about why and how to use it to 100x yourself and your business.

#entrepreneurship #success #mindset

productivity

Productivity

personaldevelopment

Personal Development

motivationandinspiration

Motivation & Inspiration

habits

Habits

videos

Videos

DISCLAIMER: Please be advised that I am not a professional advisor in business areas involving finance, cryptocurrency, taxation, securities and commodities trading, or the practice of law. The information and content written, broadcasted, and/or disseminated by and through "Alex Becker, Alex Becker Channel" is intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing written or discussed is intended to be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice, nor should it be. All content expressed, created, and conveyed by "Alex Becker, Alex Becker Channel" is premised upon subjective opinions pertaining to currently-existing facts readily available.

Alex Becker's Channel

How Games Can 100x You and Break Reality

<ul><li class="ql-align-justify">Confidence Comes from Evidence: Hormozi emphasizes that confidence should be built through evidence of success rather than mere self-affirmation. Instead of "faking it until you make it," he suggests "walking it before you talk it," meaning you should prove your capabilities through actions.</li><li class="ql-align-justify">Embrace Failure: He stresses that to improve, one must be willing to fail. Those who are afraid to fail often remain stagnant. Hormozi believes that losers stay losers because they avoid taking risks.</li></ul>

Building Confidence Through Action

<ul><li class="ql-align-justify">Track Leading Metrics: Instead of focusing solely on results (outputs), individuals should monitor their efforts (inputs). For instance, track how many calls you make rather than just the sales generated. This shift helps maintain motivation and control over progress.</li><li class="ql-align-justify">Work Harder Than Others: Hormozi advises newcomers to the field to double or triple their efforts compared to more experienced individuals. This extra effort can help close the gap in skill and experience.</li></ul>

Focus on Inputs Over Outputs

<ul><li class="ql-align-justify">Epic Stories from Struggles: He argues that everyone has the potential for an epic story, which is often built from struggles and failures. The more challenges faced, the more compelling the narrative becomes when success is eventually achieved.</li><li class="ql-align-justify">Document Your Journey: Hormozi encourages documenting difficult times, as these moments contribute significantly to personal growth and can serve as powerful reminders of resilience.</li></ul>

The Importance of Storytelling

<ul><li class="ql-align-justify">Infinite vs. Finite Games: He discusses the difference between finite games (with clear winners and losers) and infinite games (where the goal is to keep playing). Life, in areas like business and relationships, is often an infinite game where persistence leads to success.</li><li class="ql-align-justify">Control Your Narrative: Hormozi highlights that external opinions should not dictate one's self-worth or direction. Instead, focus on personal goals and values, as others' judgments often reflect their insecurities.</li></ul>

Mindset Shifts

<ul><li class="ql-align-justify">Patience in Progress: Success takes time, and many give up too soon. Hormozi underscores that real winners are those who continue to push forward despite not seeing immediate results.</li><li class="ql-align-justify">Character Development as Success: Ultimately, he suggests that the most important asset one can build is their character. Winning is about becoming the person you aspire to be rather than merely achieving external accolades.</li></ul>

Long-Term Perspective

Want to SCALE your business? Go here: https://www.acquisition.com/yta
Want to START a business? Go here: https://skool.com/games 

If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.

How I got here…

21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything. 
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time. 
26 yrs old: In desperation, started licensing model as a hail mary. It worked. 
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.  
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months. 
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal. 
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses. 
34 yrs old: I became co-owner of https://Skool.com to help the many people who want to start a business online do so.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win. 

Keep crushing. May your desires be greater than your obstacles. 

Never quit,

Alex

*FULL DISCLOSURE* 
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

education

Learning & Education

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Free Live Virtual Event 8/19 (You’re Invited)
👇 If you want a copy before it sells out - be there live. 👇 
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Alex Hormozi

Brutally Honest Advice to Build Your Confidence

<ul><li class="ql-align-justify">Acceptance of capitalism's benefits, despite its flaws, is key to financial growth. </li><li class="ql-align-justify">Respecting money as a tool without becoming emotionally tied to it ensures that you use it wisely. </li><li class="ql-align-justify">Seeking alternative education sources, such as learning from real-world entrepreneurs, provides practical financial knowledge that traditional schools often miss. </li><li class="ql-align-justify">Traveling also broadens perspectives, helping you evaluate different economic systems and make smarter financial choices, ensuring your freedom and security in various financial ventures.</li></ul>

1. Acceptance: The First Step to Financial Freedom

<ul><li class="ql-align-justify">Understanding assets and liabilities is crucial. Owning a home with a mortgage may seem like an asset, but it is often a liability until paid off (the bank owns it until it is paid off; you are an income generating machine for the bank).</li><li class="ql-align-justify">Renting can offer more financial flexibility, freeing up money for higher-yield investments (REITs).</li><li class="ql-align-justify">Building your own investment portfolio, rather than relying on traditional pensions, ensures better returns and long-term security.</li><li class="ql-align-justify">Taking control of these aspects allows for greater financial autonomy and growth.</li></ul>

Self-Determination: Taking Control of Your Finances

<ul><li class="ql-align-justify">Valuing your time is essential to achieving financial freedom. </li><li class="ql-align-justify">Time, unlike money, cannot be replaced, so using it wisely matters. </li><li class="ql-align-justify">Avoid low-value activities, such as excessive smartphone use, which can drain your productivity and waste precious hours. (check my profile for an article about ""</li><li class="ql-align-justify">By focusing on meaningful tasks and optimizing how you spend your time, you can unlock greater financial potential and lead a more purposeful life.</li></ul>

Freedom: The Ultimate Financial Asset

<ul><li class="ql-align-justify">Risk is subjective and varies by situation. What might seem like a high risk to one person may be minimal to another with higher liquidity or income.</li><li class="ql-align-justify">Liquidity, or buying power, enables you to take calculated risks, making it easier to seize opportunities.</li><li class="ql-align-justify">By maintaining accessible cash reserves, you can better manage financial risks and take advantage of strategic investments that enhance your financial growth.</li></ul>

Risk IQ: Understanding and Managing Financial Risks

<ul><li class="ql-align-justify">Mainstream media often promotes misleading financial ideas for profit, so it's crucial to seek unbiased, data-driven sources.</li><li class="ql-align-justify">Choose role models who demonstrate financial wisdom and long-term success rather than celebrities whose wealth may not be sustainable. </li><li class="ql-align-justify">Following individuals with genuine liquid wealth (1m+ in cash) and practical advice can guide you on your path to financial success, ensuring you're learning from those with proven expertise.</li></ul>

Hierarchy: Seeking Proper Role Models and Information

Anton Kreil - ex Goldman Sachs trader explains 5 principles behind 10 Secrets to Achieve Financial Success

JOIN THE 2024 ITPM END OF YEAR ONLINE CONFERENCE 
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In June 2015, Anton Kreil was interviewed whilst on a three-week business trip in Singapore, New York and London. Anton's answers to multiple questions about money, obtaining financial success and wealth were adapted into a Documentary titled "10 Secrets to Achieve Financial Success." In this Seminar three years later, Anton reveals... THE 5 PRINCIPLES BEHIND THE 10 SECRETS

Discover the world of business and economics.

economics

Economics

career

Career

moneyandinvestments

Money & Investments

business

Business

The Institute of Trading and Portfolio Management was set up in 2011 to educate, coach and mentor Retail Traders into becoming long term consistently profitable. We provide our students Trading Education and Mentorship that is created and delivered by people who have either been genuine Professional Traders in the past or are current registered Professional Traders. All of our Mentors have either worked for Investment Banks or Hedge Funds in the past or present as Professional (registered and regulated) Traders. We are the only people in the World that do this and there are many challenges in taking this approach in our industry. We are hated and sometimes derided online by "Trading Guru's" because our content shows them up for what they are i.e. Imposters / Charlatans pretending to be Traders. The unfortunate truth is that you can only change an industry from the inside. We are disrupting everything we can and always constantly striving to change the industry for the better. Join us.

InstituteofTrading

The 5 Principles Behind the 10 Secrets

The power of your own storyAccording to the Alex, the key to personal growth and entrepreneurial success lies in the story you repeatedly tell yourself.Affirmations only scratch the surface; it's the deeper, repetitive narratives about yourself that shape your thoughts and actions.

The Power of Self-Narrative

You need to have all 3 in order to move to higher level.<ol><li class="ql-align-justify">Beliefs: Changing one’s beliefs about themselves and their business potential.</li><li class="ql-align-justify">Skills: Acquiring the necessary skills through learning and practice.</li><li class="ql-align-justify">Character Traits: Developing traits like discipline and focus that ensure skills are applied effectively.</li></ol>

The Three Pillars of Entrepreneurship

The success of a business requires more than just skills and beliefs. Developing strong character traits, such as discipline and focus, is crucial to achieving growth and success. It's like climbing a ladder, where all three elements must align at each step.Key points:<ul><li class="ql-align-justify">Skills, beliefs, and character traits are all important for business success.</li><li class="ql-align-justify">Discipline and focus are two key character traits needed for growth.</li><li class="ql-align-justify">The speaker uses the metaphor of a ladder to illustrate the importance of aligning all three elements.</li></ul>

Character Development and Its Importance

The video encourages reframing negative self-perceptions. Instead of accepting past trauma or negative traits, one should tell new stories that empower change.Example: An entrepreneur using past experiences to justify anxious behavior is challenged to choose a different narrative, one that doesn’t give past trauma power over their present.

Stories as Tools for Change

The speaker stresses that character is fluid, and entrepreneurs must evolve traits like patience, focus, and integrity to succeed.Instead of simple affirmations, he advocates for creating arguments based on past evidence of positive traits to reinforce belief in one’s capabilities.

Developing Desired Character Traits

Personal growth often involves reshaping one’s identity and beliefs. Trauma or past hardships should not be given power to shape one’s business journey.By changing the stories we tell ourselves, we can influence our emotional states and decisions, ultimately leading to greater business success.

Overcoming Emotional and Mental Barriers

The speaker emphasizes the value of having a strong support system, such as his wife, who boosted his self-confidence even before he believed in himself completely. Surrounding yourself with positive people is crucial for personal development.

The Power of Relationships

Instead of relying on surface-level affirmations, entrepreneurs should create evidence-based arguments that build up their self-belief and character traits.The speaker challenges viewers to confront the excuses they use for negative behavior and to reshape their mindset for better results.

Practical Advice for Entrepreneurs

Want to SCALE your business? Go here: https://www.acquisition.com/one
Want to START a business? Go here: https://skool.com/games 

If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.

How I got here…

21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything. 
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time. 
26 yrs old: In desperation, started licensing model as a hail mary. It worked. 
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.  
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months. 
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal. 
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses. 
34 yrs old: I became co-owner of https://Skool.com to help the many people who want to start a business online do so.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win. 

Keep crushing. May your desires be greater than your obstacles. 

Never quit,

Alex

FULL DISCLOSURE 
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

mentalhealth

Mental Health

humanresources

Human Resources

I told myself I was wealthy until it came true.

Don't do business with people who don't share the same core values that you have.

1. Rule

Alway prioritize your health and fitness over anything else.

2. Rule

Don't hang out with people who gossip and spread rumors.

3. Rule

Never tolerate dishonesty and disrespect.

4. Rule

Do not hang out with losers and toxic people.

5. Rule

Highest form of currency is not money but time, so value your time.

6. Rule

Protect your time and energy from toxic people.

7. Rule

Don't loan money to people, instead teach them how to make money.

8. Rule

Do not be interested in conversations that do not produce any desired results.

9. Rule

Do not become friends with people who do not mind their own business.

10. Rule

Do not hang out with people who are not kind and generous with their money.

11. Rule

When I was younger, my impulses controlled everything from my business to my personal life. This is why I had a first-class ticket on the struggle bus for years.

It wasn't until I took control of my impulses by creating rules that made me disciplined emotionally, mentally, physically, and financially.

In this episode of the Bedros Keuilian Show, I share the 11 non-negotiable rules I live by.

And why I wish I added these to my life when I was younger.

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communication

Communication

loveandrelationships

Love & Relationships

teamwork

Teamwork

Average is the enemy, success is your responsibility and change can take place in an instant, when you decide to flip the switch! 

I’m Bedros Keuilian, an American entrepreneur, and I believe you can have it all…but it’s not going to be given, it’s gotta be earned! The purpose of this channel is to help YOU live a life of even greater purpose, meaning, impact and financial freedom by showing you how to breakthrough and win in life and in business. 

So if you get value from my content then subscribe and leave a comment 👊🏼

Bedros Keuilian

My 11 Non-Negotiable Rules to Win in Life | The Bedros Keuilian Show E077

Avoid Disturbances By Turning Off Notifications🚫 Do Not Disturb Mode Keeps You Focused<ul><li class="ql-align-justify">Turn off notifications for all apps except important ones</li><li class="ql-align-justify">Family and close friends can reach you through an exception list</li><li class="ql-align-justify">Be more productive by staying away from constant distractions</li><li class="ql-align-justify">Reduce screen time and increase focus by using this approach</li></ul>

Always On Focus Mode

Are you addicted to your smartphone and looking to minimize distractions? Follow these steps to turn your phone into a productive tool:<ol><li class="ql-align-justify">Download Blank Spaces App and ScreenZen for better screen time management.</li><li class="ql-align-justify">Customize your phone to look like a dumb phone by removing unnecessary apps.</li><li class="ql-align-justify">Only keep apps that are essential for your job or achieving your goals.</li></ol>With this simple change, you can increase your productivity and achieve your desired position without constant distractions. 🚀

How to Make Your Smartphone Work Like a Dumb Phone

Use your calendar to schedule all your activities. This way you can follow your plan without having to think about it, and ensure you have time for sleep, work, gym, eating, relaxing, walking, and reading.

Productive Calendar

💡Looking to improve your daily routines? Try these apps:<ul><li class="ql-align-justify">Hevy - track your workouts and progress at the gym</li><li class="ql-align-justify">Sleep Cycle - improve your sleep quality with personalized tracking</li><li class="ql-align-justify">Notion - simplify your note taking process and stay organized</li></ul>

Tips for apps

Make every uncomfortable decision to live a life that is worth living.

This topic is about eliminating todays age addiction to phones - transforming your phone to productive tool that serves you, not the other way around. I am using Apple device but can be done somehow on Android also.

timemanagement

Time Management

entrepreneurship

Entrepreneurship

How I transformed my phone from consumer device to productive tool

How you feel about failure will to a very large degree define your growth and your life trajectory, in virtually every aspect of your life.

The Importance of Failure<ul><li class="ql-align-justify">How you feel about failure will, to a very large degree, define your growth and your life trajectory in virtually every aspect of your life.</li><li class="ql-align-justify">Losing and failing might be a blow to the ego, but it can also be rocket fuel for growth.</li><li class="ql-align-justify">I am ready to fail without losing my composure.</li><li class="ql-align-justify">I am exceptionally good at losing. When speculating in financial markets, the best loser wins. Do not underestimate these four words.</li></ul>

Mindset and Personal Growth

What truly defines your growth as a person is not the information you possess, but rather how you use it in real life. When you make mistakes, take responsibility for them and learn from them.

The Power of Action

The winning trader is not emotionally attached to an idea of “cheap” or “expensive.I don't really want to feel anything - if I get overly happy about a win, tend to get overly sad about a loss. I don't want that.

Handling Emotions

Your relationship with fear and adversity will to a very high degree define your life.

Shift your focus to being process orientated.Focus on the process. Focus on what you can control.If you follow the process, the outcome will take care of itself.I don't set goals. I just focus on my process.We worked on it. Then we evaluated our process. We didn't actually focus on the outcome a all.

Process Orientation

Someone who opens an account with less than 100 pounds will, with a very high degree of certainty, lose that money, sadly.Someone who trades everything and anything, overtrading, will eventually lose their money.If you are normal - as in you do what everyone else is doing - then you won't make it.Don't you want to make money? Don't you want to separate yourself from the herd?When the trader is confronted with a loss they hope it will turn around. The operative word here is hope.

Common Pitfalls

Tools do not make you a top trader. Techniques do not make you a top trader.Trading profitably has nothing to do with the instrument you use.There is nothing wrong with trend lines, but they will not make you rich. What will make you rich is how you think when you trade.

Tools and Techniques

If you want to make money trading, you need to do that which the majority finds difficult to do.In trading, consistent winners think differently from everybody else.

Unique Approach

For every hour you spend on technical analysis, you must set aside at least 25% of that time for what I call internal analysis.

Internal Analysis

Fear and HopeYour focus is on fear rather than opportunity.A lot of traders are fearful when they should be hopeful, and hopeful when they should be fearful.When they are confronted with a profitable position, they are afraid the profit will disappear. The operative word here is fear.Why do people bet less when they are winning and bet more when they are losing? Fear.

Behavioral Patterns in Trading

Adding to winning positions is an absolute key trait of the successful trader.When you are in a winning position, instead of thinking where to get out, why don't you think where to get in more?It is easier to add to a losing position than a winning position.

Adding to Positions

If you are on a winning streak, and you reduce your stake size, you are essentially anticipating the pain of losing some of your gains.Perceived pain or real pain matters not to the subconscious.

Rationalizing Pain

Dealing with PainFacing our fears removes their power over us.I use fear to achieve my goals.Neurobiology has shown we experience a financial loss 250% more intensely than an equivalent financial gain.

Psychology and Neuroscience

When you want what you want more than you fear what you want, you will have it.

Control your mind - control your future.The market agrees with you. LET IT RIDE.Emotions kill trading accounts.It isn't the lack of knowledge that's stopping you from winning big. It's the way you handle yourself when you are in a trade.

Controlling Emotions

Consistency and BeliefProfitable trading requires trust.You need to believe. The belief comes from doing.What you become in life is dependent on the decisions you make and how you react to decisions made on your behalf.

Beliefs and Attitudes

The lesson comes after the test.Only through a dedicated approach to practice, with a specific attention to finding your mistakes, will you improve.I have trained myself to expect the pain.

Adapting and Learning

What we focus on is what we attract.The more fear we experience, the less information the mind will focus on.I must be like water, and flow.

General Wisdom

99% still don't get it - when they win, they start betting less. Bet more!

as a trader, this is the best book I have ever read on trading psychology

Best Loser Wins is an intimate insight into one of the most prolific high-stake retail traders in the world. Tom Hougaard is the winner of multiple trading competitions and on one occasion traded £25,000 into more than £1 million over the course of a year. While the average retail trader risks £10 per point in the underlying asset, Tom Hougaard frequently risks up to £3,500 per point. This risk exposure requires a mindset that is out of the ordinary. Normal thinking leads to normal results. For exceptional results, traders must think differently. This book will guide and inspire you in ways no other trading book has. It is not about strategies and money management. It is about mind management. Tom Hougaard provides a unique and refreshingly personal account of how an ordinary trader elevated his game to incredible heights by focusing as much on his mental approach as on his technical analysis. Best Loser Wins explains how you, by thinking differently when you are trading, can elevate your game from mediocre and sporadic, to excellent and consistent. No amount of technical analysis will ever do that for you. Tom Hougaard says, “People don’t fail because they don’t know enough about technical analysis. They fail because they don’t understand what the markets are doing to their minds.” Best Loser Wins is an antidote to conventional and flawed thinking in trading, and a blueprint for a new belief system for traders who want to elevate their results to levels they never dreamed they could reach.

Understand yourself and those around you.

psychology

Psychology

problemsolving

Problem Solving

books

Books

Tom Hougaard

Best Loser Wins

Finding solutions can feel overwhelming, but it's easier to start with what's not working. Try picturing your least successful self - what would they do? Make a list of all the moves that would lead to failure.Congratulations, you now know exactly what you should avoid in order to achieve success. Use this inversion tactic to unlock the path to your goals! 🚀

Inversion: Unlock Success by Identifying What NOT to Do

You know how to win because you know HOW TO LOSE

<ul><li class="ql-align-justify">Break it down to a level where you understand every step.</li><li class="ql-align-justify">The less skilled you are, the more broken down the problem must be in order to follow it.</li></ul>

How to Deal with Problems

Summary of most important points from video above.....

Want to SCALE your business? Go here: https://acquisition.com 
Want to START a business? Go here: https://skool.com/games 

If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.

How I got here…

21: Graduated Vanderbitl in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything. 
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time. 
26 yrs old: In desperation, started licensing model as a hail mary. It worked. 
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.  
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months. 
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal. 
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses. 
34 yrs old: I became co-owner of https://Skool.com to help the many people who want to start a business online do so.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win. 

Keep crushing. May your desires be greater than your obstacles. 

Never quit,

Alex

*FULL DISCLOSURE* 
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.