BigDeal Your Ego Is Keeping You Poor | Bill Perkins
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Jan 29, 2025 
Bill Perkins, a multi-billion dollar hedge fund manager and author of 'Die With Zero', dives into how ego can sabotage wealth-building. He emphasizes the importance of speed and decisiveness in decision-making and discusses balancing risk with personal ambition. Perkins also explores team dynamics, the critical roles of visionaries versus executors, and the need for aligning family and business goals. He shares wisdom on effective delegation, finding the right operators in business, and ultimately, the significance of shared life experiences over mere financial success.
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Ego Risk vs. Financial Risk
- For educated people, starting a business is not a financial risk, but an ego risk.
- They fear looking like failures, so they play it safe, hindering their dreams.
Choosing and Executing Business Ideas
- Find a business aligned with your values and where you can maintain consistency.
- Focus on vision and enroll capable executors to handle operations.
Building Effective Teams
- Build a team by identifying individuals with complementary strengths and enrolling them in your vision.
- Delegate tasks to experts and empower them to experiment.
