Your Next Five Moves: Master the Art of Business Strategy

by Patrick Bet-David

People who don’t think more than one move ahead are driven by ego, emotion, and fear.

Maturity is the ability to reject good alternatives in order to pursue even better ones.”

If someone is winning at a higher level than you are, either lower your expectations to match your work ethic or increase your work ethic to exceed your expectations. If you do neither, you’ll be miserable.

Your vision must align with who you want to be. Your choices must align with your vision. Your effort must align with the size of your vision. Your behavior must align with your values and principles.

“ITR” (Investment Time Return) to my team a million times. Maybe they’re tired of hearing me saying it, but they know how valuable it is. Here’s the ITR formula:

If you’re going to lose, don’t lose the lesson. Again, you’re going to use experiences to become either bitter or better.

Every master, both in chess and in business, learns more from studying the moves that led to defeat than the ones that led to victory.

Your mindset is everything. When you start viewing a crisis as an opportunity, you are winning the game.