Have you ever witnessed the perfect crystallization of a theory in real life?
I experienced one such lesson about human behavior several years ago at our Elite+ Retreat event.
Gary Vaynerchuk was our special guest speaker, talking about the things he’s known for: hustle, video innovation, staying top of mind, etc.
The Q&A questions mostly followed suit.
But then one of our coaching members went in a totally different direction.
“What stock do you recommend we buy?”
Gary replied definitively: Netflix, he said, was totally undervalued and about to go through the roof.
At the time, Wall Street didn’t necessarily agree. But here was Gary passionately pleading their case.
Here’s Where the Human Behavior Lesson Comes In
Talking to people afterward, the group was clearly split into three distinct types of people:
- About one-third were doubtful, negative and maintained a fixed mindset. They dismissed Gary’s advice.
- Another one-third of the group were super excited by what Gary advised… but they never acted on it.
- The other one-third took action and bought the stock.
At the time, a single share of Netflix was about $350. It went on to split seven ways and each of those shares is now worth nearly $350 again. So basically, 7X ROI.
But the money isn’t my point here.
Stock tips aren’t my point either.
My point is that there are those who take action and those who don’t.
This anecdote just happens to perfectly illustrate that those who take action often get richly rewarded.