Day traders and entrepreneurs have more in common that you might think. Maceo Jourdan and I take a deep dive into how market trends control both, and what lets the smart entrepreneur and trader know when to get in . . . and when to get the heck out as well. We’ll even go into how a mistake cost him $8 million and what you can do to avoid a similar fate. This episode is for you if you’re looking to be more market-savvy and find the right trend to hitch your wagon to.
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Maceo Jourdan is a master day trader who uses his intimate knowledge of market trends—and how to predict them—to build better businesses and better entrepreneurs. He’s on the board of directors for Retire3 Media and cofounder of Canexxia, a company committed to acquiring in the home health care and hospice industries to execute on a buy-and-build strategy to improve quality of care and ease of access.
08:17 - “What traders intimately know that entrepreneurs don’t is value.” – Maceo Jourdan
14:56 - “The biggest risk as an entrepreneur is that you’re going to sell something and you’re not going to have enough buyers to relieve you of all of your inventory.” – Maceo Jourdan
18:41 - “Your solution is running to obsolescence.” – Maceo Jourdan
20:19 - “You can eat a lot off of a million contracts, but it’s going to end.” – Maceo Jourdan
20:30 - “Entrepreneurs don’t really dig down from this huge space that’s their market into a pocket of value.” – Maceo Jourdan
21:09 - “The internet gives us the ability to connect more pockets of value.” – Maceo Jourdan
22:51 - “Reverse-engineer your company to provide that, in a legitimate way.” – Maceo Jourdan
25:28 - “Go out and find where people are spending money.” – Maceo Jourdan
26:33 - “The real power of the internet is you can aggregate the long tail.” – Maceo Jourdan
30:54 - “As a business owner, you have to look at things how they are, not how you want them to be.” – Maceo Jourdan
37:27 - “The successful funds will make you see a psychologist.” – Maceo Jourdan
40:58 - “No rational person is going to spend the decades it takes to amass 30, 40, 50, 60, 70 million in cash and then drop a couple of million on you without having a selection program.” – Maceo Jourdan
46:32 - “As the entrepreneur, you have to understand where your value comes from.” – Maceo Jourdan
50:51 - “How deep is your fund’s pocket?” – Maceo Jourdan
64:25 - “What we observe in the world is really a by-product of where somebody came from.” – Maceo Jourdan
Maceo Jourdan Official Website
Twitter: @maceojourdan
LinkedIn: Maceo Jourdan
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