Eric Siu breaks down what separates billionaires from millionaires: obsessive drive to avoid loss, genuine love for the game, and resilience through setbacks. Many millionaires could become billionaires by pivoting to a better market or business model. Serendipity and innate traits matter too.
What's the difference between billionaires versus millionaires? It's their obsession with losing. How much do they love the game? How purebred are they? Their tolerance for losing, their self-awareness, you know, putting yourself in a position to succeed. And there's serendipity. Do you recognize where the economics are? I think there's tons of people who are millionaires that could have had the potential to be billionaires if they just picked a different genre to put their energy against, a better business model. Those things stand out.
