ABC's runaway hit Shark Tank has become a favorite television show in my house, and with a reported half a million viewers per episode, I'm definitely in good company.
So, what's the allure?
I love watching entrepreneurs attempt to sell their ideas to the Sharks. Some do extremely well, earning a chance to make it big with the added security of a gritty investor or two on their side. Others fall flat, failing to win over the sharp-tongued business moguls.
Guessing the outcome is half the fun. Which Sharks will be "in," and which Sharks will be "out?" I admit: I love when someone throws a curve ball. You just never know how a potential deal will pan out. Along the way, we can learn a lot from the Sharks.
When it comes to managing YOUR wealth, I try to be just as scrupulous about choosing stocks. While I don't have a crystal ball, there are certain attributes I look for before making an investment:
Good, consistent management. It's wise to invest in companies that have respected leadership teams.
An ability to exceed expectations. Companies that make a habit of under-promising and over-delivering are golden. The best companies do this, and it works.
Longevity. Companies with a proven track record are typically a better choice than start-ups. They've weathered a few storms. They already walk the walk.
A sound financial strategy. Companies with low debt and low-cost operations are always attractive.
When considering potential investments, it's ALWAYS a good idea to look at the specific attributes a company brings to the table. Swim like the Sharks, and you'll likely find great success!
Jeff
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