CCIV - 3 Reasons You Shouldn't Invest Like Billionaires Do
A couple episodes of watching Bobby Axelrod on Billions , and we all want to be billionaires. When thinking about investing, it's pretty natural to think, "I'll just do what they do." While it would be nice, that's not entirely in the realm of reality. Sometimes you're better off not investing like a billionaire, and sometimes you're not even capable.
There's a big difference between a billionaire putting $100,000 into a start-up play like Lucid Motors' acquirer Churchill Capital (NYSE: CCIV) , and the typical investor trying it. For billionaires, the risk/reward of that gamble is more favorable. They can afford to lose that money, without losing their ability to build wealth.
On the other hand, common investors making big bets on speculative plays are risking far more. Losing big money on speculative trades hinders you big time in terms of building wealth over the long haul.
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3 Reasons You Shouldn't Invest Like Billionaires Do