Codie SanchezFounder @ Contrarian Thinking

THE Most Important Skill For Wealth Creation #shorts

26 Apr 2023 · 0 min

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0:27

Short YouTube video by Codie Sanchez arguing that acquisition is the single most important skill for wealth creation. Speaker cites owning a portfolio of "boring, unsexy" businesses that together do $50 million a year and claims the skill of acquisition creates more Forbes 100 members than any other skill.

Questions this video answers

$50 million a year.

Codie Sanchez.

We now have a portfolio of businesses that do $50 million a year. These are boring, unsexy businesses that when I was a kid, I certainly never wrote down. I wanted to be a car wash owner when I grew up. And yet through all my years at Goldman Sachs and building businesses doing investment banking, it turns out this one skill is the thing that creates more members of the Forbes 100 list than anything else. And it's acquisition.