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The Power of Small Steps

October 6th

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Warren Buffett

In investment, the temptation to chase high-risk, high-reward prospects can often cloud judgement. However, it's the '1-foot bars'—those opportunities that are easy to step over, easily understood, manageable, and fundamentally sound—that should be the focus.

This strategy requires patience and discipline, defying the pull of the crowd rushing towards the next big thing. The risk of failure is high when leaping over giant hurdles. Opting instead for attainable goals can lead to success and fulfillment in the long run.

This principle also applies to our personal and professional lives. Consistent, measurable progress over time proves more beneficial than seeking instant gratification. The allure of a quick win or the next big break could be misleading. Instead, the value lies in those overlooked, simple, and attainable steps that lead to continual growth.

This approach may not be as glamorous, but it has proven to be far more successful in the long run. So, next time you are about to take a leap, consider if there is a smaller, more manageable step you can take instead.

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Copyright © 2023 by Scott Sansovich