10 Dow Stocks Billionaires Are Loading Up On

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In this article, we will take a look at the 10 Dow stocks billionaires are loading up on. To see more such companies, go directly to 5 Dow Stocks Billionaires Are Loading Up On.

In Tony Robbins’ Money – Master The Game, there’s a chapter titled Invest Like the .001%: The Billionaire’s Playbook. The chapter mentions the “secrets” behind wealth creation which Tony Robbins gathered after interviewing about 50 billionaires. These billionaires include Paul Tudor Jones, Warren Buffett, Carl Icahn, and many others. The chapter gives some really important lessons that give a sneak peek into billionaires’ thought process, their values and their peculiar nature that helped them stand out among millions of other people.

For example, it’s a common notion that billionaires are always aggressive in nature when it comes to investments and they never shy away from making “risky” bets. But the first takeaway Robbins mentions in this chapter is that billionaires are “obsessed” with making sure they don’t lose money. Robbins sums up the reason behind this obsession by pointing to the value of time. The reason why billionaires emphatically try not to lose money is that if you lose 50%, according to Robbins, it would take 100% to get back to where you started, and all of that effort would require something that you can never get back: time.

Another key takeaway from Tony Robbins’ interviews with billionaires is that billionaires are always looking to maximize their gains with as few risks as possible. This, again, is contrary to the common belief that billionaires are always looking to take big risks and they are willing to bet it all. Robbins says that the billionaires he interviewed are, without exception, looking for something that he calls “asymmetric risk/reward.” Here’s how the book sums up this lesson by quoting billionaire Paul Tudor Jones, whose total wealth today stands at $7.5 billion. Jones told Robbins that he doesn’t make an investment until he is sure of making $5 from every $1 invested.

“And that, he says, is a $100,000 MBA in a nutshell!,” the book adds.

Another excellent lesson Robbins got after interviewing famous billionaires was that the wealthy are good at making decisions based on the limited information they have. Robbins says that most talented people are not good investors since they don’t have the ability to make the most out of the limited information and by the time they get full information, the opportunity is no longer available.

Perhaps the biggest and most important lesson we could learn from the billionaires Tony Robbins interviewed is that just having the humility to learn from your mistakes and improve yourself could exponentially increase your chances of success.