Invest Like a Billionaire
131. Investing Like the Ultra Wealthy Ft. Tiger 21 Founder Michael Sonnenfeldt
Dec 14, 2023
Michael Sonnenfeldt, founder of TIGER 21, discusses the challenges of being a successful entrepreneur and a good investor. They talk about legacy planning, the importance of diversification and smart asset management, and the role of alternative investments. They also explore teaching wealthy children delayed gratification, the value of a network like Tiger 21, and the significance of including alternative investments in a portfolio.
59:57
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Quick takeaways
- Successful entrepreneurs need to recognize that their skills in business may not translate to successful investing, requiring an edge as an investor to outperform the market.
- Investors should carefully diversify their portfolios, considering areas where their expertise and knowledge can be leveraged for better performance, such as alternative investments like private equity and real estate.
Deep dives
Importance of Having an Edge as an Investor
Successful entrepreneurs need to recognize that the skills that make them successful in business may not translate to successful investing. Having an edge as an investor is crucial to outperforming the market.
