If you want to learn how to do anything, it makes sense to learn from the best. It’s no different in the pursuit of success. Why not learn from those who have climbed to the most rarified air –successful billionaires. A new report from investment bank UBS and Pricewaterhouse Cooper reveals an interesting conclusion.
Billionaire-controlled companies perform twice as well as companies not controlled by a billionaire (yielding a 17.8 percent market return versus 9.1 percent, and are consistently more profitable). The study calls this phenomenon the “billionaire effect.” This effect happens because, the study determined, of three traits these magnates disproportionately tend to develop.
Here are those three traits, and my perspective on how you can develop them too.
1. Smart risk-taking.
2. Obsessive about spotting opportunities.
3. Determination.
Photo by Austin Distel on Unsplash