WILL IT BE BENEFICIAL TO ALL CONCERNED?
Some people equate investing with gambling. Both present the possibility of gain or loss, but the similarity ends there.
Gambling is a zero-sum game. If five friends play poker and each starts with $100, at the end of the game there will still be only $500 between them. The money got redistributed, but it did not increase. Every win came with a corresponding loss.
If these five friends invested that same $500, they could possibly all gain and no one else would lose. While gambling is always a win-lose proposition, investing, when done right, is a win-win proposition. Investing, when done right, is beneficial to all concerned. Gambling is not.
In the animal kingdom, most interactions are a win-lose proposition. The lion eats, but the lamb dies. When we think only in terms of win-lose, that everything is a zero-sum game, we’re reverting to our animalistic nature. In such a frame of mind, creating win-win situations, where the outcome is beneficial to all concerned, is all but impossible.
People naturally act in their self-interest, but if you view every encounter as a zero-sum game, you will view every encounter as a win-lose situation. That perspective creates confrontation, not cooperation.
Successful people understand that to succeed in the long run, they should strive for win-win whenever possible. They understand when others benefit, be they family, friends, customers, or employees, they benefit, too.