BiggerPockets Money Podcast How The Top 1% Actually Invest (Not What You Think)
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Oct 28, 2025 In this conversation, Tad Fallows, co-founder of Long Angle and former medical software entrepreneur, shares insights into the investment habits of the ultra-wealthy. He discusses common paths to joining the 1% and reveals why they favor index funds, private equity, and real estate over traditional advice. Tad emphasizes the importance of self-managing investments to retain control and explores unique opportunities like niche arbitrage. His perspective challenges conventional wisdom and offers valuable lessons for those pursuing financial independence.
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Founder Exit Sparked Wealth Transition
- Tad Fallows built a medical research SaaS, grew to ~75 employees, and sold it without outside VC funding.
- The exit converted a single illiquid stake into significant liquidity and spurred new wealth-management questions.
Niche Businesses Yield Big Outcomes
- Entrepreneurs make up ~40% of Tad's community and represent a wide range of industries beyond tech.
- Niches with fewer competitors can produce outsized returns despite less glamorous fundamentals.
Deep Research Produced A 100x Win
- A nurse did deep financial modeling on Tesla early, took a second mortgage to buy options, and realized a ~100x return.
- That outcome required intense research and conviction over months of work.