Introduction
Questions are powerful. Investing is an art of learning and questions are the exploratory tool you use to learn when you don't know what you don't know. Asking questions is a skill you'll have to learn, whether you're asking them of yourself in evaluating an investment opportunity or you're asking them of an entrepreneur, a broker, a researcher, or a customer.
It's important to keep questions open-ended. Just because a question is open-ended doesn't automatically make it a good one, but you can know for sure that question is falling short if the person can answer in one word.
Tips and Tricks
- If you know you're going to be in a situation where there will be time allotted for questions, prepare ahead of time. It will do wonders for you.
- Avoid yes-no questions. They typically lack sufficient depth to get to the answer you're looking for.