My First Million

The #1 Personality Trait That Made These Business Moguls +$450M

347 snips
Feb 26, 2024
Discover the ruthless mindsets shared by the elite 1% of business moguls. From the game-changing strategies of private equity giants to the rise of the UFC led by Dana White, insights abound. Dive into the contrasting yet complementary dynamics of the Emanuel brothers, emphasizing resilience and intelligence. Loyalty emerges as a critical theme, with anecdotes that showcase its profound impact on success. Plus, learn how emotions like rage can fuel motivation and achievement. Prepare for a thought-provoking journey into the minds of the successful!
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ANECDOTE

Egon Durban's Rise

  • Egon Durban, managing director of Silver Lake, aggressively pursued success in private equity.
  • He rapidly rose to power by taking on challenges like expanding Silver Lake into Europe.
ANECDOTE

Skype Turnaround

  • Durban made a risky investment in Skype, turning the struggling company around in 18 months.
  • He sold it to Microsoft for $8.5 billion, tripling Silver Lake's $1.9 billion investment.
INSIGHT

Concentrated Betting

  • Durban focuses on a few high-conviction bets per year.
  • He prefers concentrated investments, looking for significant returns on each opportunity.
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