A Note on Competition: Avoid the Obvious

“The more challenging and potentially lucrative the waters you fish in, the more likely they are to have attracted skilled fisherman.  Unless your skills render you fully competitive, you’re most likely to be prey than victor.” – Howard Marks

Which is better: Seizing the ripe opportunity in front of you, or hunting down a mediocre one on the fringe? I would argue the latter, which I want to demonstrate with something that has been a big part of my life – surfing. Yes, surfing. I realize this is a stretch for non-surfers, but with this story I think you will see the parallels to opportunities in your life, whether they are business or personal ones. (more…)