Over 95% of Managers and Executives Have This Sickness, Do You?

Hurry Sickness is infecting the majority of investors, managers and those in the financial sector, and here's how to avoid it.

Money and stress don’t sit far away at all. It’s undeniable that investing assets can cause serious moments of worry, anxiety, frustration – after all, these assets are a product of our labour, time and effort.   However, allowing the stress, pressures and worry to manifest deeper beyond the situation causes an obstructive, hindering and demolishing disease to your success.  That disease is – ‘Hurry Sickness.’

In terms of industries, research shows that ‘Hurry Sickness’ is most rife in the financial sector, and more specifically – investors.  Described as “continual rushing and anxiousness; an overwhelming and continual sense of urgency.” by cognitive psychologist ‘Philip Zimbardo’ (PhD) – the condition is one which sounds natural to investors. 

Hurry Sickness is known to cause people to rush thinking, actions and decisions with a bout of subtle anxiety which keeps causing the individual to be stuck in those irrational, pressurised actions and decisions.  Hurry Sickness has also been proven to hinder one’s ability to notice patterns and problem-solving – one of the most common symptoms among investors.  If this sounds too close to home, don’t worry.  Almost every successful investor has encountered this – what makes them successful is their ability to overcome it.

Researchers at the University of Texas tested two groups’ ability to detect patterns and orders of logic.  One group was subject to highly pressurised, stress-inducing activities with the other remaining calm.  The research showed that whilst the hurried group were able to detect patterns, all participants had inconsistencies in their detection with an alarming rate of falsely interpreted results.  When these findings are applied to our own situations, the results are clear.

The reason that so many have failed to notice Hurry Sickness is due to the commonality of it.  It’s become widely accepted as a normal way of managing work – with over 95% of managers being found to have the condition (London Business School).  It’s not easy to gain a clear mindset overnight, no matter how many guru’s say so. There are ways however, that you can start to notice these patterns occurring and know how to break from these habits. 

Here are our suggestions:

Locate the Source.

A lot of the time, we feel pressured by both social/political circumstances and individuals.  If you’re pursuing an investment that you’re having mixed feelings towards – ask yourself whether it is right for you in this time or moment, and whether it is benefitting someone or an event much more than it is to you. 

Know When to Take Breaks. 

Heard 10 million times before, yet we’re going to repeat it for the back row.  With remote working at the highest it’s ever been, it gives us opportunities to use our time to our own accord.  Knowing when to take an hour during times of pressurised stress, frustration and anger are essential to investment success.  Emotional problem solving results in emotional solutions, not logical ones.  Allow yourself to step away from stressful situations and evaluate them in many a mood.  Come to a fix when you know you’re ready – not when you feel pressured to.

Get Them Told!

If you’re feeling pressure from the people around you – be more assertive.  If an agent is being extremely pushy and inundating, be assertive.  If a client is constantly expecting the above and beyond and isn’t allowing you the time to do so – be more assertive.  Gain control of your time and manage it the way you know you should be.

Conduct Plentiful, Independent Due Diligence as well as your agents or developers. 

Due Diligence is never something which should be felt as a chore or a time-consuming activity.  It is what will make or break your investment success.  If you’re unable to fit in time, the investment is not right for you.  It’s not to say you’re lazy, it’s to say that your schedule may not be suitable with the timeline of an investment opportunity – and that’s okay. 

The Diligent Eye Approach.

Whilst this advice obviously acts as our marketing content, our entire brand is built on relieving stress and worry.  By providing extremely cost-efficient Due Diligence reports across an array of existing and future investments, we ensure our visitors of an unbiased, no-commission (independent) platform.  We’re the first of its kind, and our industry-backed interrogations are on their way.

Make Time For Mindfulness.

Once bound to a room with 30 strangers sat within, meditation and mindfulness is now the most accessible it’s ever been.  With apps such as HeadSpace and Elevate coming in to play, users can take a 30 second breather whenever time permits.  With countless studies proving the stress-relieving benefits which mindfulness assists in, there is a certainty that adding five minutes a day will assist in the frustrations and anxieties during investment processes.

We’ll soon be returning to a more familiar market structure, and it’s vital that our problematic investment habits don’t return.  For more information email james@diligenteye.com .

What are your thoughts on Hurry Sickness? Just drop us a comment below to let us know...

Do you back the jockey or the horse?

This question arises often when investors are learning the ropes, cutting their teeth and choosing their own style of investing.

When we talk about the jockey and the horse in the context of investing, we're referring to the founder and C-Suite management team (the jockey) versus the Business Model (the horse)

In many ways of course, the answer to the question we've asked is - "both", but in the early stages of the company we're considering, the experienced investor would tend more to back the jockey.

Why the jockey ?

If a new venture has little track record but a team of experienced entrepreneurs and business builders around it, then for many investors the risk is lower than the alternative and the rewards is equal or better.

The alternative I'm talking about that we see a lot of, is where a good business is scuppered by poor execution, incompetent or inexperienced management. This often comes about by a founder seeing a good business and attempting of copy it, but without the wisdom and knowledge of the team behind the original business. That way lies all sorts of bumps and crevaces inthe road ahead!

In the worst cases we see unethical or illegal conduct amongst management teams. No promise of riches or future glory can rescue a business from that tragedy.

Only as good as the team ...

When we're sizing up an investment opportunity, it's really about the jockey, the horse - and the teams around both. Those behind the scenes supporting the company operations and their strategic direction.

This is why real Due Diligence and Investment Research should always take great care to investigate the backgrounds of all the key individuals within a growing and ambitious business seeking your investment.

An that is why over one-third of our company research resources at Diligent Eye are focussed on those individuals. We can promise you that this is time and money well spent, since it has proven to be one of the most accurate indicators there are of failure or success of Alternative Investments in unlisted companies.

Finally here's some further reading - whether you're considering a significant investment in a new company or just looking to build your own investment research toolkit (we can help you with that too)...

Meet the Resilient Investor

We've all be through a lot, these last few months.

Our own journeys will have all been different, and there's no doubt it's been tougher for some than others, but we each share a resilience that has seen us through for better of worse, and one that we now know we possess within us. And that's resilience: it's what keeps us fighting and it's vitally important for our health and well-being.

What exactly is resilience?

Here are two definitions (Courtesy the Lexico online dictionary):

  • the capacity to recover quickly from difficulties; toughness.
  • the ability of a substance or object to spring back into shape; elasticity.

Resilience in troubled times is an important skill to strengthen and develop, not just against something as significant as a pandemic but for the normal challenges that life throws at us.

Who is The Resilient Investor?

It's really helpful to look at the qualities of resilience and how can these be applied to help private investors keep their heads in tough times and keep on building their assets.

Resilient Investors...

  • are willing and able to roll with the punches.
  • are prepared to change tactics and maybe strategies when the unexpected happens with world events
  • will always keep to the guiding principles of the investment giants as well as those they have agreed with themselves.
  • don't panic - this too will pass.
  • are strong but recognise their humanity. We can all make irrational decisions under stress, and pandemic lockdown has created in many an underlying layer of "white noise" stress that may go unnoticed but can influence our actions in subtle ways. This doesn't in itself put a halt on investment research and activity because they realise the effects and compensate.
  • get help when needed. A second pair of eyes, a sanity check on their decisions before they make them, from people and services they trust.
  • look after their own well-being. For many more reasons than financial of course, but keeping one's investment head in a time of crisis is a true test of resilience.
  • work on their strengths. There is no resilience mountain top: this is a journey throughout life.
  • plan for and endure the financial "rough going" along with the good times!

These are just some of the characteristics of a resilient investor. Resilience is taught, learned but most of all experienced - it's a lifelong journey. The silver lining in crises is that whatever the good, bad or ugly comes out it, our mental resilience grows stronger and prepares us better for the future.

Wishing you strength, courage and ever-growing resilience!

Zeros, Neros and Heroes

In the seemingly endless days of "lockdown" gone by, I've been thinking about how challenging times reveal true character.

The overriding feeling that stays with me is that sense of community and kindness. Whether from friends, family, colleagues or strangers, these characteristics seem to grow out of the sense of common purpose we've shared.

But sadly, we've also seen very public examples of following the instinct of self-interest at all costs, and those under the radar exploiting and creating victims of others.

Continue reading "Zeros, Neros and Heroes"

Graham at the London Hyde Park Property Meet

What a great evening we had! Graham from Diligent Eye was co-speaker with premier crowdfunding platform Brickowner's Gareth Ship, on the meaty and crucial topic of Due Diligence in property investment, under the banner of " How to Invest Skillfully - Every Time".

Members seemed to very much enjoy the presentations, with lots of questions being asked, and some very engaged networking that followed over the food and drink that followed!

I was wonderful to meet old friends there and of course make some new ones, and we look forward to keeping in touch.

Our thanks go to the Hyde Park Property Meet and the Thistle hotel for their hospitality and for putting on a fun and vibrant event.

Follow Diligent Eye on Facebook, Twitter or LinkedIn and we'll be sure to let you know of forthcoming events.

Graham speaking at the London Hyde Park Property Meet in November

Hyde Park Property Meet - Thistle

Those near Central London looking for ways to increase their property and investing knowledge and skill, are congregating at the next Hyde Park Property Meet, on Tuesday November 26th at 6.30pm. Sold out well over a week before the event!

For us this is a superb opportunity to promote the values of Diligent Eye along with other industry experts focussing on the skills needed for safer UK property investment. It's looking like the event is sold out, but rest easy: I'll publish the presentation online for you afterwards.

Why I'm keen :

We all want to invest safely and confidently. My mission is to reach out to investors, brokers and product providers about the crucial skills of investment research, which can make the difference between a rocky, or a highly successful investing experience. 

Attendees will learn tips on how to create their own watertight investment screening process for safer and well-informed investment choices - every time.

Discover more about the event and the speakers.

I'm really looking forward to meeting some great people at the event and I'm told there's plenty of opportunity to network over buffet and drinks afterwards. Cheers!

Case Study: when investments go very. badly. wrong.

Learning from the Lessons of Failure

The recent collapse of the FCA-regulated firm London Capital & Finance PLC (LCF) and the resulting fall-out for a large swathe of unsuspecting mini-bond investors has personal stories of human tragedy.

Here's just one very sad example:

BBC News : 'My life savings have been wiped out'...

What can would-be investors learn from this: how could the damage have been avoided or prevented?

Continue reading "Case Study: when investments go very. badly. wrong."

How to beat the odds with your investment

Roulette Wheel and Dice

After 10 years as an alternative investment broker, and 10 before that as an amateur property investor, I've seen it all.

Statistically with property, out of 10 investment properties, 6 are average, 2 perform outstandingly and 2 are dogs. This is what's known as a Normal Distribution. This is true of alternative investments as well, although our experience shows the overall ratio is more like 4-2-4. Can we do better ? You bet we can. Continue reading "How to beat the odds with your investment"