Most entrepreneurs know how to build wealth. Very few know how to keep it.
In this episode of Invest Like a Billionaire, Bob Fraser and Ellis Hammond sit down with Michael Sonnenfeldt, founder and chairman of @tigertwentyonellc, whose members collectively manage more than $280 billion in assets. Michael breaks down why successful entrepreneurs often become bad investors after a major exit, the mindset shift required to preserve wealth, and how ultra-high-net-worth investors are positioning capital today.
They discuss:
• Why entrepreneurs tend to overconcentrate
• The dangers of ego and overconfidence in investing
• Why private equity now dominates many wealthy portfolios
• How TIGER 21 members are thinking about AI
• Michael’s take on Bitcoin, hedge funds, and wealth taxes
• The difference between being rich and being wealthy
Find out more about the Invest Like A Billionaire community at https://investlikeabillionaire.org/
