Over the weekend, I read an article in AARP The Magazine highlighting investment tips from the Shark Tank cast. This magazine is geared toward the 50 and over crowd but the investing lessons seem applicable to investors of all ages, skill levels, and financial means.
Shark Tank, a half-hour business reality show, centers on the pitches of budding entrepreneurs to the sharks (wealthy, business-savvy investors) and the ensuing dialogue. It’s entertaining, educational, and nerve wracking. What’s fascinating is the decision-making processes of the investors, who may commit money to a venture along with their time, credibility, and business acumen.
Generally, I watch the show from the perspective of the entrepreneur. But, as an investor, it’s helpful to consider opportunities from the sharks’ points of view. Watching the show from the shark/investor perspective (and reading the magazine article) helped me glean investing wisdom from the Shark Tank cast. Here’s what I learned: