“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” - Will Durant
Something we forget is that we are allowed to acknowledge both sides. Of course, Bezos and Musk had a massive advantage given the position their parents put them in. Of course, their upbringing was atypical, privileged, and not what you envision when you hear of stories about ‘ground-up, self-starters, etc’. However, we can also applaud their ability to maintain and grow with the tools they were provided.
See, just having money does not make success a forgone conclusion. How many lottery winners wind up broke? Various reports say 70%. Yet, when we imagine hitting it big, we all say we’d be “set for life”.
Related: Want to Learn How To Trade Like A Pro?
With all that being said, what were the world’s wealthiest getting into this week (8/12/22 - 8/19/22)?
Bezos’ Amazon was in the news this week, as the company filed a legal complaint accusing the Federal Trade Commission of "harassing" current and former executives, naturally including Bezos himself. The filing made on August 5, 2022, hasn’t hurt the company, as Amazon is up nearly 13% over the past month.
A couple of takeaways:
Invest in what you're passionate about. Despite what you may think about Gates or Musk, or the backlash they receive, it’s clear they spend time, money and energy on the projects that matter most to them.
Take your time, invest in what you believe, only invest what you can afford to lose and develop positive habits by investing in yourself. Do these things, and you’ll be better for it.
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