cover of episode 415: Studying Billionaires: The 3 Timeless Principles for Wealth with Stig Brodersen

415: Studying Billionaires: The 3 Timeless Principles for Wealth with Stig Brodersen

Publish Date: 2020/11/8
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>Ever wanted to know how <strong>Mark Cuban, Richard Branson, and Warren Buffett</strong> seem to invest with ease? Or how you can <strong>leverage </strong>and <strong>measure your risk</strong> to make <strong>billionaire </strong><a href="https://www.biggerpockets.com/blog/key-financial-decisions-middle-class-americans"><strong>financial decisions</strong></a>?</p><p>On this episode, <strong>Stig Brodersen</strong> – investor, teacher, and host of the popular <a href="https://www.theinvestorspodcast.com/we-study-billionaires/"><em>We Study Billionaires</em></a> podcast – brings you his distilled wisdom on success, mindset, the stock market, and the <strong>3 universal traits</strong> shared by ultra-elite investors (and no, they don’t include flying first class or eating copious amounts of caviar).</p><p>Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began <strong>studying billionaires</strong> starting from the top of the Forbes 400 list. He didn’t get far before he “found his fire,” discovering passion and community in studying the <strong>stock market</strong> and the most heralded investor of all time: Warren Buffett.</p><p>He has since interviewed <strong>hundreds of guests</strong> on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.</p><p>You might be thinking: <em>“They’re interviewing a stock market investor on a real estate podcast?”</em> Yes, and any real estate investor could learn a thing or two!</p><p>As a practiced student of the financial markets, Stig calls out <strong>all-too-common mistakes</strong> made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.</p><p>In This Episode We Cover:</p><ul>
  • The 3 timeless traits of billionaires
  • Why real estate investors should “cross-train” in the stock market
  • Assessing best- and worst-case scenarios
  • Why you need to "resonate" with your chosen asset class
  • Why real estate is an asymmetric bet with high reward for relatively small risk
  • How to get into investing in the stock market with little-to-no experience
  • Common mistakes of new stock market investors
  • How a BiggerPockets member saved Stig's life on an overseas trip (really!)

    • Links from the Show

    Click here to check the full show notes: https://www.biggerpockets.com/show415

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