Why You Shouldn’t Start a Business if You Want Real Wealth

Name: Why You Shouldn’t Start a Business if You Want Real Wealth
Uploaded: 2022-04-21T13:00:21Z
Duration: 57 s
Channel: Chris Larsen
Description: A speaker (Chris Larsen) argues that building real wealth requires partnering with experienced investors rather than attempting to self-manage across…

21 Apr 2022 · 1 min

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A speaker (Chris Larsen) argues that building real wealth requires partnering with experienced investors rather than attempting to self-manage across diverse asset classes. The talk highlights that many wealthy individuals originated wealth in particular industries and may lack expertise across venture capital, private equity, hedge funds, stocks/bonds, and various real estate property types, so investing alongside specialists is advisable.

And I met somebody who is very seasoned in the space and I said to her, I'll never forget what have you been working on? And this is what I've never forgotten. She said, well, you know, hedge funds 101, these people are brilliant, successful, they're smart people. Well, the reality is is that they've spent their whole life creating their wealth in chemicals or they built their wealth in in tires or some industry. Now they have this money available to invest. And there are people that spend their whole life not only in private equity or venture capital, but healthcare venture capital. Not just that, but certain sizes. Right. So how are they going to understand venture capital and private equity and real estate? And then you got hedge funds and stocks and bonds and then you get into real estate. And as you know, there's different property types. Right. And it's different for multifamily than it is industrial. So one of the biggest things and the best things that investors can do is to partner and invest alongside.