Real Life MBA
I was reading Tim Ferriss’s new book, Tools of Titan when I was just flipping through the book and found a section on the real life MBA. Tim Ferriss was trying to get an MBA from Stanford but wasn’t admitted, so instead of not pursuing the education he started a venture capital fund.
The action I’m taking as of March 27, 2017, is to start an investment fund with the capital I can afford to lose so I can learn the most about business, valuation and financial markets.
There are a few things that I’ve been doing like deep work sessions, where I read books and papers on investing and trading and think about their applications. Keeping a diary of investment and trade ideas where now, by by investing my own capital in these ideas I can learn more about business and at the same time build a track record to market when applying to jobs.
- Start a fund with capital that can be risked.
- Develop a business plan outlining the methodology and principles. Have information on which markets to operate in.
- Developing trade/investment ideas into investment positions.
- Keeping track of outcomes and learning from them.
I have started an investment fund with my own capital where I will be investing in U.S. equities and debt securities.