4min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#14: Erik Townsend on Living The Macro Dream

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Taking Business Advice From a Lawyer

Eric Schmidt sold his software company and decided to become a private investor. He says he was "totally swindled" by an investment bank that promised him returns of 18-22% per year for the next 10 years. After 20 years, it's still not clear if he ever got all his money back from this deal. Schulder: I'm trying to learn as much as I can about investing just in case something happens again.

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