Bill Gates is the legendary founder of Microsoft & was the richest person on the planet between 1995 and 2017. Gates has always been a technologist & shrewd businessman at heart, from his Microsoft days gates got his taste of investing by pursing many acquisitions of various competitors in the fast paced technology industry.
Now Gates runs the Bill & Melinda Gates foundation with an estimated $23.9 Billion of assets under management.
His investing Strategy is to focus on companies which can have a major positive impact in the world, historically this has not just been good for the planet but also resulted in great returns for his portfolio. Investing Strategy: Ethical Investing, Growth stocks , Technology, Diversification.
15. Prepare for the future
“We are not ready for the next pandemic”, this is from a Ted talk Bill Gates did in 2015 which predicted a future health pandemic.
He even went into great detail showing how easily it would spread thanks to globalisation. Gates even called on the global community to act, but many didn’t listen until 2020, when the reality came.
14. Success is a lousy Teacher
“Success is a lousy teacher it seduces smart people into thinking they can’t lose”. Having great success can often cause us to become complacent and take our foot of the case.
13. Learn from Failures
“It’s fine to celebrate success but it’s more important to heed the lessons of failure”. Failures force us to reflect and learn, although painful. As the former Intel CEO Andy Grove once stated “Only the paranoid survive”.
12. Action over protection
“Intellectual Property has the shelf life of a banana”. Protecting inventions and products with IP and Patents may seem like the best thing to do.
However, in the fast paced technology world many competitors can find a way around these patents easily. Often it’s best to be first to market and more quicker with product development rather than wasting lots of time and money with patent lawyers.
11. Be a Visionary
“My Vision is a computer in every home” Being a great visionary has been one of the key factors to which has resulted in the Success of Bill Gates. Back in the 1980’s gates made this bold prediction was has been proven correct.
10. Learn from unhappy customers
“Your most unhappy customers are your greatest source of learning”. If you’ve ever worked in customer service you will know unhappy customers are bold, brutally honest and sometimes even aggressive!
Bill Gates suggests identifying their pain points and issues and looking to solve them for the future. Don’t expect a pat on the head by your customers but they will tell you when something is wrong.
9. Be a Fanatic
“I never took a day off in my twenties, not one…I was Fanatical”. From studying success at Motivation 2 Invest I have noticed a major trait and that is being a fanatic. Many of the greatest entrepreneurs and investors from Steve Jobs to Warren Buffett are borderline obsessed with what they do.
8. Get a Coach
“Everyone needs a coach doesn’t matter whether your playing tennis or business”. A coach can give you motivation, clarity, advice and push you to do more. Even Steve Jobs and the google founders Larry Page & Sergey Brin had a coach.
The same one in fact, his name was Bill Campbell, who was nicknamed “The Trillion Dollar Coach”. Do you need an investing Coach? If you need a coach for your investing then check out our Investing Strategy Course, there you will be around likeminded people in our VIP group and those who can help you to be more successful. Find out more here: Investing Strategy Course
7. Invest into Farmland
“2 out of every 5 people alive today owe their lives to the higher crop output made possible by fertiliser” – Bill Gates now runs the Bill and Melinda gates foundation which focuses on investing into areas which can improve peoples lives. Bill Gates is also now the largest private farmland owner in the USA, thus this area could be a great place to invest, Watch the video below to find out more.
6. Drones are the future
“Drones will be more impactful than most people recognise” . Bill Gates is a big advocate of new technology and is a visionary. He believes drones will have a major impact on our lives. Companies such as Amazon are working on drone delivery and many other startups are diving into this space.
5. “Life is not fair, get used to it!”
“Life is not fair, get used to it!” In life it can sometimes be easy to fall into the trap of feeling like a Victim. However, this doesn’t help in the words of Movie star Matthew Mconaughey, “Life isn’t fair, it never was and it never will be…get used to it”.
4. Be nice to nerds
“Be nice to nerds chances are you’ll end up working for one” , Nerds often used to be fun of however with technology all around us and “software eating the world” ,”nerds” are becoming kings. Thus, it’s best to be nice to nerds…as a matter of fact be nice to everyone.
3. Use Lazy People tactics
“I choose a lazy person to do a hard job, because they will find an easy way to do it”. I often see this with many so called “lazy people” they are surprisingly efficient in how they work.
1. “If you die poor it’s your mistake”
“If your born poor it’s not your fault, but if you die poor it is your fault”. We can’t help under what circumstances we are born, whether in poverty, in a 3rd world country or under a communist government. However, we CAN control how we live our lives and which opportunities we take. It all starts with having a “growth mindset” rather than being a victim.
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