Talking Billions with Bogumil Baranowski

Michael W. Sonnenfeldt, the Founder & Chairman of TIGER 21: Think Bigger: Winning Strategies from Successful Entrepreneurs

Dec 16, 2024

Michael W. Sonnenfeldt, founder of TIGER 21 and author of Think Bigger, shares his journey as a serial entrepreneur and philanthropist. He emphasizes the need for delayed gratification and effective risk management in wealth preservation. The discussion dives into managing generational wealth, the significance of preparing heirs, and the impact of inflation on investments. Sonnenfeldt redefines success through philanthropy, advocating for a balance between financial achievements and community contributions.

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ANECDOTE

Early Ventures and Setbacks

Michael Sonnenfeldt discusses his early entrepreneurial journey, marked by initial success followed by a setback.
This experience led him to prioritize wealth preservation and seek advice from others.

INSIGHT

Entrepreneur vs. Investor

The skills for entrepreneurial success often contrast with those needed for investing.
Sonnenfeldt founded Tiger 21 to address the transition entrepreneurs face when shifting to investment.

INSIGHT

Risk Perception

Entrepreneurship and investing require different mindsets regarding risk.
Entrepreneurs actively manage risks they understand, while investors analyze portfolio volatility.

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Michael W. Sonnenfeldt is the Founder & Chairman of TIGER 21, the premier peer membership organization for high-net-worth wealth creators and preservers, and author of Think Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs. He is a serial entrepreneur, philanthropist, and political thought leader. Through his private investment company, MUUS & Company, he has holdings in alternative energy technologies. In 1980, he led the Harborside Financial Center transformation in New Jersey, the largest U.S. commercial renovation at the time.

Summary

In this conversation, Michael Sonnenfeld, founder of Tiger 21, shares insights on the journey from entrepreneurship to investment, emphasizing the importance of delayed gratification, risk management, and the unique challenges faced by high net worth individuals.

He discusses the inception of Tiger 21, a peer membership organization for wealth creators, and the common concerns of its members as they navigate wealth preservation and investment strategies. In this conversation, Bogumil Baranowski discusses the intricacies of wealth management, the importance of compounding, and the challenges families face in navigating wealth dynamics.

He emphasizes the significance of preparing heirs for the responsibilities of wealth, the impact of generational wealth, and the economic forces of inflation and interest rates. Baranowski also reflects on the broader definition of success, highlighting the importance of philanthropy and the legacy one leaves behind.

Podcast Program – Disclosure Statement

Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

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