Billionaire Wealth Hack | Bridger Pennington

So I was with Kevin O'Leary and he told me something really interesting. He said diversification is meant to maintain wealth. People that are poor, up and coming shouldn't really diversify. But if you really wanna scale and grow wealth, you wait for an opportunity that you can leverage 60, 70, 80% of your net worth into, and that will drastically grow your wealth. Most billionaires made their wealth through 1 or 2 vehicles. And then once they became billionaires, then they diversified and they had 7 or 8 streams of income and all these different things. But most of them, made it through one or two things, usually private equity, by the way, buying and selling businesses, which I thought was pretty significant when thinking about investing when you're starting up or scaling.