If you are not changing the way you invest going into 2020 you are in trouble!

In this end of the year episode we recap the top 5 lessons learned for Cannabis Investing. 

#1 - No Excuses, Play Like A Champion

- Every investor is the CEO of their own account

- Take full responsibility for your own results and learn from your mistakes

- "It's not your fault but it is your problem"

#2 - LEARN LEARN LEARN & Pay Attention

- The importance of investing time and energy into learning this space

- Continually evolving your thinking in this fast moving environment

- Building a network of trustworthy investors to bounce ideas off of

#3 -  Investing vs Trading in Cannabis

- Shifting away from the negative stigma of Trading

- Learning what can affect short term movements of a stock

- Marrying the best of both worlds to find the strategy that works best for you

#4 - Read Data NOT Headlines

- Importance of reading past the headlines

- Acknowledge your weaknesses and improve upon them - especially if they are financial related

- Future will be financial and results based - make sure you are analyzing for yourself!

- Good data is like a crystal ball

- Beware paid and biased information sources (including investment banks)

#5 - Quality over Quantity

- Shifting from a broad portfolio of shiny companies to a consolidated list of winners

- Willing to make lower profits in favour of lower risk

- Getting paid for taking risk on earlier stage names

- Running sensitivity on valuations to see what the margin for error is

CLOSING - NOMO FOMO

- This business is extremely capital intensive, even the best companies will need to keep raising

- Investors will have chances to buy into these companies along the way as equity raises will be needed

- Keep evolving your mindset into 2020 and beyond!

Please note: This episode was recorded before the Trulieve short report came out. Our detailed breakdown of the Trulieve report here:  

https://www.reddit.com/r/weedstocks/comments/ebztnd/my_analysis_of_the_trul_trulieve_short_report/?utm_source=share&utm_medium=web2x 

Next Episode: Top Predictions for 2020