An investment is a risk, and with so many options available nowadays, it is difficult to follow a straightforward investment plan. Fortunately, we are lucky enough to be alive at the same time as other quite successful entrepreneurs, the likes of Jeff Bezos, Mark Zuckerberg, Bill Gates, and the rest of them.
Keeping up with their investment patterns, we have a benchmark of sorts. By virtue of being some of the richest individuals in the world, these entrepreneurs have vast experience, and it would only do us good to follow in their footsteps.
For starters, they tend to diversify their investment portfolio. Isn’t there an idiom that says we shouldn’t put all our eggs in one basket? The most successful of businessmen have their hand in anything and everything, from traditional industries to new and disruptive technologies.
Rafael Ojeda, an independent analyst, says that by diversifying their investments, entrepreneurs are able to beat volatility. If you choose to take this route though, you have to be in it for the long term. Ojeda says that it works, especially because it minimizes risk, but you have to be patient to gain from it.
Warren Buffett is regarded as the world’s smartest investor, and he has repeated Ojeda’s point time and time again. The Berkshire Hathaway CEO invests in companies for no less than a decade, saying that if you don’t see yourself owning a company’s stock for ten years, then you should not consider owning it for even ten minutes.
In his early days, Buffett was pro media and banking, backing companies in either industry only. As he gained more experience, he diversified, and the majority of the stakes that he owns are now in Coca-Cola, Apple, and Amazon.
Can you mention Warren Buffett without thinking of Bill Gates? These two have been friends for almost three decades now, and their friendship has been quite the fruitful one. Being two smart minds, they’ve fed off each other to great success.
As a Microsoft cofounder, Mr. Gates is a magnate in his own right. He’s also a renowned philanthropist, but that’s not to say that he is no longer interested in business. The man has invested heavily in his friend’s Berkshire Hathaway, Coca-Cola, Ventures, and Breakthrough Energy.
Who doesn’t know of Mark Zuckerberg? The Facebook CEO has a particular interest in artificial intelligence, investing in startups that develop AI software. Such startups where the man has put his money into include Asana, Walk, and Vicarious.
Amazon CEO and founder Jeff Bezos is the richest man alive, retaining his status even after losing $19 billion in 2019 alone. His long-term investments speak for themselves, especially since he tends to favor industries that are ever-evolving. Currently, his large investments include Uber, Blue Origin, and the Washington Post.
What would we do without Google? The company literally changed the world, and we have one Mr. Larry Page to thank for it, being one of the company’s founders. Page is an ever-hungry investor interested in high-tech companies, and his major stakes are in Tesla, Kitty Hawk, and Opener.
Frenchman Bernard Arnault has made a name for himself in the fashion industry, and many know him for his seemingly perfect taste. He also has that sixth sense when it comes to investments, and he is currently in bed with Christian Dior and Louis Vuitton, among others.