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Earn Your Leisure

BILLIONAIRE ROBERT F. SMITH SELLS CYBERSECURITY COMPANY TO IBM FOR $4.6 BILLION

Jul 10, 2023
Trailblazing tech entrepreneur Robert F. Smith sells cybersecurity company to IBM for $4.6 billion. Delve into the private equity business and debunk selling company misconceptions. Explore market dynamics, liquor market branding, challenges faced by Diddy in the spirits industry, and benefits of family collaboration in investments.
11:01

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Podcast summary created with Snipd AI

Quick takeaways

  • Robert F. Smith's strategic business model focuses on acquiring, scaling, and selling companies for maximum value and growth.
  • Acorns simplifies saving and investing by automatically investing spare change, making it accessible and beneficial for long-term growth.

Deep dives

Easy Investing with Acorns

Acorns offers a simple way to start saving and investing without needing a lot of money or expertise. By recommending a suitable portfolio based on individual goals, Acorns automatically invests spare change from purchases, making investing a habit without active management. This approach has proven beneficial in growing investment over time, emphasizing the accessibility and long-term benefits of starting with Acorns.

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