Betting on Yourself

About This Episode

All the news about the surge in GameStop’s share price got me to thinking just how much money is made when institutional investors bet on companies to lose. To me there’s an amorality there and I just don’t like it. I’d rather bet on someone to win. And that got me to thinking about the importance of betting on yourself.

Over the years, I’ve interviewed many people who bet on themselves and won big. Two who come to mind are Andy Greenfield and Dave Mezzepelle and I’ve got snippets from those interviews on today’s episode of Uncorking a Story.

A few key takeaways you’ll have after listening include:

1. If you have a dream or desire to create something or do something different, bet on you. You have to be the first investor. Your confidence in placing that bet will gain the confidence of others.
2. Remember that ideas are cheap but action takes talent. It’s okay to dream, but the rubber has to hit the road at some point, so eventually you are going to have to stop planning and start doing.
3. Know that your eventual success will not come from where you expect it to. It will be up to you to go out and earn it; it won’t be given to you.
4. People will challenge your ideas, assumptions and abilities. That’s actually a good thing. But you need to mute those who provide resistance without an offer of support as well as those who offer nothing but praise. Neither of those types of people will help you. Instead, to make your dream a reality, surround yourself with people who will push you while they look for ways to support you in the pursuit of your dream.

As always, thanks for listening to uncorking a story. If you liked what you see or heard here, please subscribe to us on iTunes or wherever you get your podcasts. Also, be sure to tell a friend about Uncorking a Story as we always will welcome new listeners. Have something to say about the show? Please leave a review. Be sure to check out our previous sixty episodes and be on the lookout for another episode early next week.