Curiosity Changed Everything

By Karl Mifsud

Looking back, curiosity has been one of the most valuable things in my career.

Not experience.

Not qualifications.

Curiosity.

For more than 30 years, I've helped Australians invest in property.

I still believe Australian property has an important place in building wealth.

But not too long ago, I started asking different questions.

Why were some countries attracting billions of dollars in investment?

Why were governments investing so heavily in tourism and infrastructure?

Why were some of the world's biggest hotel operators expanding into locations most Australians weren't even talking about?

I wasn't looking for another investment.

I was trying to understand what they were seeing.

So I started digging.

I read reports.

I spoke with developers.

I spoke with lawyers.

I asked a lot of questions.

Not because I wanted to prove these opportunities were good.

I wanted to prove they weren't.

I've always believed that's the job.

If I can't challenge an opportunity, I have no business recommending it to someone else.

The interesting thing was, the more I investigated, the more the facts kept pointing me in the same direction.

Not because someone sold me an idea.

Because the evidence was hard to ignore.

That's when I realised something.

Good investors don't have all the answers.

They simply keep asking better questions.

Especially when the world around them is changing.

My Thoughts

I've never been afraid to change my mind.

I've only ever been afraid of making a decision before I'd done enough homework.

For me, that's what good investing has always been about.

Finding the truth.