what type of knowledge in business and finance do you need to

>>2423261
Well firstly business and finance are two separate things. Business usually implies you have some impact on the strategy and management of your equity investment, while Finance means you just pony up the cash and let someone else worry about that.

In Business you need one of two skills, either to be a great salesperson, or to be great at delegation but preferably both. Other than those you don't need any skills in accounting, in supply chain management, in advertising... You just need to know how to sell a product/service and how to correctly hire and delegate operations and strategy to people (and perhaps even fire people who slack off).

In Finance you need a lot more understanding of numbers (stochastics/probabilities, accounting etc. etc.), it also helps to understand marketing a little bit and crowd psychology. My advice for Finance is whatever financial security you're investing in, be an expert in the industry that surrounds it: so if you invest in oil futures, become a expert in the petroleum industry. if you invest in Tesla, become an expert in battery and the car industries.
Invest in what you know first. And more importantly seek to learn, apparently Ray Dalio writes down his predictions, and then reflects later on if his predictions came true
>That doesn't just mean Postmortems when your investments turn sour, even if you make a profit but not for the REASON you predicted you need to work out why your prediction came true

So you need to work out whether it's business or finance that interests you?

>>2423391
analyzing stochastic models of different trades would be ideal. perhaps also investing in various technology that would be vital such as renewable energy, medical supplies, and so on that wouldn't be too high risk? alongside those i'd like to start my own business that could penetrate multiple markets in merchandising, both software wise and hardware like 3D printed knick knacks due to the scalability of it. making a 3D model request and then having it printed out and shipped in an automated fashion.

beyond that, i would just be doing a 9-5 as a systems engineer. i don't know what portfolio would work best for me but i want to make sure i aim for what would work and not just what i want to work due to some bias for new technology. i've seen too many people get burnt because of it.

>>2423468
You need simplicity right now.

Pick one thing: either a industry you'll invest in full time or a business you'll start, not both. then you anchor your portfolio to off-set the risks intrinsic to that industry or business.

Does that make sense?

>>2423507
Yeah. I just cant decide. Principle of least action says investing is the best way to go.

>>2423551
Okay, well running with that thought for now: which industry do you understand best?

Like which is the industry that you know which businesses will do well or badly based on your understanding of the environment they operate in, their processes, and their customers?

>It can be ANYTHING.

>>2423562
damn i never thought about it that way. maybe automotive? seeing different brands launch certain models in a market that may or may not like it, i can sort of catch if it will sink or swim? i can't vouch for this though because i've never actively thought about what market i could look at confidently. i just like cars and can somewhat follow what brands people like and hate, even though i sometimes disagree.

computer parts/laptops as well. stuff like asus, acer, hp, and dell all making new models of laptops or hardware can make me catch whiff of how shit it will be. but...if it will do well even so due to the people buying it are stupid...that makes it too hard. i've had moments where something sold well due to its ability to meet goals that weren't about build quality and so on. overall it'd be these 2. am i fucked?

>>2423468
All in on TSLA, moon in July. Yw

Hahahhahah all of these newfags and forex cucks trying to give advice and speculating pointers.

OP, one word is the answer to your search.

ARBITRAGE

>>2423653
wouldn't i need millions of dollars to go into that?