Mar 2 • General discussion
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any of these 8 solutions of value that billionaires have figured out that millionaires have not resonate with you or seem particularly interesting?
Billionaires often have unique strategies and mindsets that set them apart from millionaires.
Here are 8 key solutions or principles that billionaires have figured out:
1.Extreme Concentration: Unlike the common advice to diversify, billionaires often concentrate their investments in a few high-performing assets.
2.Long-term Holding: They hold onto their investments for decades, allowing their wealth to compound over time.
3.Founding Companies: Many billionaires are founders or co-founders, giving them significant ownership stakes.
4.Patience and Persistence: They understand that success takes time and are willing to stick with their ventures through ups and downs.
5.Execution Over Ideas: While having a good idea is important, billionaires emphasize the execution of those ideas.
6.High Standards of Excellence: They maintain high standards in their businesses and personal lives.
7.Leveraging Creativity: They transform creative ideas into profitable businesses.
8.Building Strong Networks: They cultivate relationships with other successful and influential individuals.
These principles can provide valuable insights for anyone looking to build significant wealth.
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