Investment Strategy

Understanding the Billionaire Mindset

Ziad K Abdelnour 1st Wharton Grad, Family Office CEO, Wall Street Financier, Dealmaker

Given the nature of my business, I am often asked by friends how does it feel like to deal with billionaires in my daily business routine and what really makes them tick. Understanding after all the billionaire’s mindset is key to unlocking potential not seen anywhere else.

Well for a start…let me tell you that billionaires tend to be really good at understanding systems of value creation and placing themselves into those systems more effectively than anyone out there.

Billionaires tend in fact to view the world as a tangibly fungible place. They see the world and want to move the puzzle pieces entirely around. They look for the faults in the ecosystem and identify massive holes and what could be added to fully capture that value. Then they spend about 10 years maniacally attacking the gap, organizing people, recruiting & generally creating a “cult”. They create a bible so to speak of values and ideas that bundle together in such an appealing way to attract the smartest people around (i.e. the future millionaires)

In fact, the billionaires I know don’t look forward to the weekend. They don’t drink. They work from 5 am to midnight every day including weekends. They don’t socialize with friends and they often mix friends and work. It’s all one big chain that supports their vision of the future and tying up the value. They are the “unreasonable” ones who adapt the world to their vision. They are absolutely fearless. Perfectly willing to move mountains, change cultures, lobby regulation to achieve their vision.

Come to think more of it, billionaires have more in common with a homeless man on the street than a millionaire in the sense that they are completely unconventional and independent thinkers. They are outcasts from regular society and most probably will always be.

A millionaire might have more sense about her-himself and scale back to preserve wealth and “quit while they are ahead” sort of speak.

The billionaire mindset on the other hand defies logic and decisions are made for all outside reason. They really don’t give a rat’s ass about the money and frankly have a clean detachment to it, therefore with that clarity of thought mixed with pursuing their passion, make most of the money.

One common theme that I see all the time in my billionaire friends and that’s the theme of failure before success. Self-made billionaires NEVER EVER give up if they fail. They just go on and on and on until they stop failing and become a success.

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Investment Strategy