It might be the most valuable secret I’ve ever learned…
It has made me a wealthy man.
[ad#Google Adsense 336×280-IA]I learned it from Porter Stansberry – a childhood friend of mine and the founder of Stansberry Research.
The secret is simple… but it sounds like a recipe for business disaster: share your best ideas.
Today, I’ll show you a little bit behind the scenes of our business and why we share our best ideas… It’s a principle that you can likely apply to your life as well.
Let me explain…
When I first saw this principle in action, I thought Porter was crazy…
I’ve watched him share our best business ideas with our direct competitors for years.
And for our entire careers, we have always shared our best investment ideas with our customers.
Why does Porter do this?
Why don’t we keep our best investing ideas for ourselves and share our second-best ideas with our customers?
It’s an interesting question.
Porter recently answered this question in the Stansberry Digest (before he went on to share his favorite investment strategies). Here’s his response…
“Porter, if these strategies really are valuable… why on Earth are you telling anyone about them?”
That’s easy. You and I have a fair deal that has made me a wealthy man. I work my hardest to give you the information I would want if our roles were reversed. And you pay me a fair price for the ideas I deliver. Unless I give you valuable ideas that work to deliver profits for you, you won’t continue to pay me for my ideas.
If you’ve followed my work for any length of time, you realize financial research is both my job and my passion. Since the day I left college 20 years ago, this is the only professional work I’ve done. I have huge incentives to do my best to make sure that our ideas are the best you can find anywhere. What follows below are some of the best ideas I’ve found about how to safely make a lot of money in the stock market. Put these ideas to work and I have no doubt you will die wealthy.
Sharing our best ideas with our subscribers (and our competitors) has been a guiding principle of Porter’s. And it has generated incredible goodwill for us.
It turns out, that goodwill has turned into far more dollars for us in the long run than if we’d simply kept our best ideas for ourselves.
So rest assured, we are delivering our very best ideas to you. And it is in our best interests for us to share them with you.
When I first saw Porter sharing our best ideas (even with our competitors), I didn’t get it. I thought he’d lost his mind. But over the long run, the results have been amazing.
It comes down to another principle from Porter… giving you what “I would want if our roles were reversed.”
Very few people do this. And very few people have generated as much wealth as Porter has. Think about that… and how you can apply this idea in your own life.
Good investing,
Steve
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Source: Daily Wealth