As a domainer or let’s say as an investor in general, if negative opinions make you feel angry… you’re doing it wrong.
Through this post, I’ll try to explain why.
I decided to write it because I’ve noticed that new gTLDs are starting to generate strong emotions on both sides of the fence.
On the one hand, lots of dot com enthusiasts get angry whenever someone says something negative about dot coms or the future of dot coms.
On the other hand, lots of new gTLD enthusiasts get angry whenever someone says something negative about new gTLDs or the future of new gTLDs.
As time passes, this trend will probably continue and in my opinion, both sides are wrong.
Because they’re getting emotionally involved.
As an investor, there are certain things you can’t afford to do and letting emotions take over is on top of that list for sure.
If negative or different opinions make you feel angry, you’re doing it wrong.
An investor shouldn’t take any of these things personally.
You should be calm, rational, calculated.
If someone says something that goes against absolutely everything related to the way you perceive the world or a certain industry, I understand that feeling angry will probably be your first reaction.
A good investor should, in my opinion, not let that first reaction get the best of him.
Sure, your brain and possibly every fiber in your body will tell you to distance yourself from different/negative opinions and only listen to the people who say things you agree with.
Lots of people do this, not just domainers.
Stock investors, real estate investors, precious metal investors, it doesn’t matter: most people are guilty of this.
There’s just one problem: most of them end up losing money due to their inability to accept negative/different opinions.
I used to be the same way, nobody’s perfect.
But as time passed and I became a better investor, I stopped taking things personally.
Nowadays, I’m actually on a constant lookout for people who have different opinions. I listen to them, analyze them and am genuinely willing to change my own opinions if the facts that are brought to my attention justify it.
At the beginning, it won’t be easy.
But as time passes, you’ll understand that adopting this attitude makes you a better investor and ultimately helps you make more money.