But the experiences of your life had taught you to be bold, that boldness pays off.
Very much. With boldness, with ambition, with smart people, with the money to invest, the sky was the limit. That was what the Facebook and Obama experiences taught me.
As someone in the top 0.1 percent, do you feel you get access to better advice? Or do you have to beware of people taking advantage of you?Both. The wealthiest in America have access to investment advisers and sophisticated investment strategies that other people don’t have access to, which enabled the returns on capital to be as high as they are now. I also think there are lots of people selling snake oil to rich people and poor people alike. The difference is that the rich people can afford to buy it and make some mistakes here and there. Everybody else can’t.
This article was provided by Bloomberg News.