Episode 148

When is a niche just being close-minded? Is John Fedro’s mobile home business a niche or is he just missing opportunities by being too focused? Similarly in jiu-jitsu being tightly focused can mean missing opportunities to win. In this episode Carter and Mo explore the difference between having a niche and not being open to other possibilities because ‘it’s not what you do’.•Is it possible to lightly spar? (00:00)•Being more open to other ideas and viewpoints (05:02)•A good deal is simply buying something below market value (07:48)•What is the difference between being in a niche and being close minded? (12:01)•Some people are focused on buying anything which is undervalued (14:58)•Carter reached a point where it became difficult to make money in mobile homes (16:35)•How John Fedro strengthened his niche (17:35)•Gordon Ryan is a good example of using the right tool at the right time (20:14)•The difference between a niche and pigeon holing (23:22)•The problem with politicians who change their position in order to run (24:49)•With every negotiation you have to find common ground (27:18)Tom Mckayhttps://www.flipanythingusa.com/John Fedrohttps://www.mobilehomeinvesting.net/Gordon Ryanhttps://www.bjjheroes.com/bjj-fighters/gordon-ryanWarren Bufffethttps://en.wikipedia.org/wiki/Warren_Buffett