131. Investing Like the Ultra Wealthy Ft. Tiger 21 Founder Michael Sonnenfeldt
Invest Like a Billionaire
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The Power of Leveraging Distinctive Competence
Leveraging a distinctive competence is the only way to create an edge and justify the extra work and risk. Without it, the time spent on investments is often wasted, as individuals fail to assess whether their investments are likely to outperform. The speaker emphasizes the importance of having a distinctive competence to avoid investing in areas where they lack the necessary assessment tools, insights, or luck.
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