A recession is coming.

Here’s what I’m doing, and what you can do to prepare:

1. Find quality mentors

Find people with experience in your industry. The more hands-on experience, the better. 

Just because someone is older or has more business experience than you doesn’t mean they are an ideal mentor for you.

2. Be an information vacuum

Warren suggests 500 pages a day.

Don’t read analyst opinions.

Read the primary source data (financials)

3. Learn the business.

If you don’t know anything about the business, read more! Then talk to mentors! Read everything you can get your hands. Read competitor reports, read historical reports.

Pay for consultants.

Talk to the executives & customers of the company.

4. Avoid "The Passion Trap."

Early in my career, people told me 

• ‘only invest in what you love’
• ‘without passion you won't succeed’
• 'don't touch what doesn't excite you'

That's crap.