The Game with Alex Hormozi Private Equity's Next Billionaire? (on the 10X Capital Podcast) | Ep 797
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Nov 29, 2024 
In this engaging discussion, Alex Formosie, a highly successful entrepreneur with a $150 million net worth, shares his transformative journey from consultant to gym owner. He dives into investment strategies, emphasizing the lessons learned from financial setbacks and the importance of trust in partnerships. Formosie discusses maximizing business success through skill compounding and the critical dynamics of team management. He also sheds light on the fine line between private equity and entrepreneurship, sharing insights on building a high-performing culture and enhancing productivity.
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Hormozi's Path to $150M
- Alex Hormozi recounts his journey from management consultant to fitness entrepreneur, detailing his two financial setbacks and subsequent rise.
- These experiences taught him valuable lessons about partnerships, risk assessment, and the resilience of the human spirit.
Acquisition.com's Origin
- After exiting the fitness industry, Hormozi founded Acquisition.com, merging influencer branding with private equity.
- His goal was to leverage personal brand trust and access proprietary deal flow, giving him a competitive advantage in acquisitions.
The Dichotomy of Loss
- Losing money can foster a healthy respect for risk while also building comfort with potential losses, creating antifragility.
- This allows for strategic risk-taking and informed investment decisions.
