4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP530: The Top 5 Billionaire Books w/ Richard Wilson

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Are You Making These $10 Million Mistakes by Billionaires?

Tiger 21 founder Michael Simonfeld says billionaires are often very bad investors. Billionaires may be a titan in their industry, but they don't know how to invest outside of that niche. They'll trust whoever has access to them and go forward with a deal without really comparing it to other deals in the market. The worst mistake I see is that they think they're being smart because wealth advisor is just bang the drama diversification.

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