We Study Billionaires - The Investor’s Podcast Network TIP250: Lessons from Billionaire Michael Bloomberg (Business Podcast)
Jul 7, 2019
Michael Bloomberg, an American billionaire and former New York City mayor, shares nuggets of wisdom from his illustrious career. He talks about his humble beginnings and the lessons that shaped his work ethic and teamwork. Young entrepreneurs will find his insights on tackling challenges and the importance of mentorship invaluable. Bloomberg also discusses innovative investment strategies, including Bitcoin's role in retirement planning, and explains how inflation dynamics can influence borrowing. His reflections on family values underline the importance of personal development in business.
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Break Down Walls
- Break down walls (literally and figuratively) to improve communication and team strength.
- Being accessible to your team makes you better informed and strengthens relationships.
Hire Smart People
- Hire people smarter than you and give them credit for their work.
- This builds a strong team and fosters respect.
Embrace Failure
- Don't be afraid of failure, as it leads to growth and new opportunities.
- View getting fired as a chance to start fresh and pursue new ideas.
