The importance of building a long-term network

[Peter Dunne]

Hi All,

I have been been methodically building my way towards launching my investment strategy and continue to find that my most productive time is spent building strong relationships in the area. However, in many of my conversations with both newbie investors and even some active investors, I find there to be two primary groups. The first is highly professional, up-front and helpful (these are less common), while the second are difficult to read (shady even) and seem more interested in making a quick buck than their long-term credibility in the market. I prefer to be candid, helpful and honest about the value I can or cannot bring to the table. My desire is to slowly build wealth through building a track record of credibility with the best players in the market (Be they investors, financiers, Lawyers, CPAs, etc.).

I would like to hear from more seasoned investors on the importance of building a network for the long-term. What kinds of qualities do you look for that set apart people you would like to work with?