This is an eye-opener, to say the least
Billionaires do not simply start a business or make $1B in revenue
To create a machine that is worth $1B they allocate their funds a particular way on the entire journey from $100k >> $100M >> $1B+
Allocation tells the story
Want to grow? Allocate efficiently
Key Takeaway >> The more one allocates capital to a business over time, the more wealth they have the potential to realize >> For the Billionaire, the majority of capital is invested in businesses that one owns >> Private Ownership of a Business can be 100x - 1,000x+ over long enough time horizons and no other asset class has quite the same potential >> This is why the wealthiest people are Entrepreneurs and Fund Managers
To follow Andrew Carnegie >> put all your eggs in one basket and watch the basket
Invest money to increase your ability to make money (build your own assets)
Stocks & Funds (other people’s assets) are to keep the money once you have it
Enjoy being Rich!!