Sublime

In 2014, Forbes ranked him as the 134th richest American, at $3.8 billion. One of his hires was Jeff Bezos, who, while researching business opportunities in 1994 for Shaw, got the idea for an online bookstore and left to start a company called Amazon.com. At $30 billion in 2014, Bezos was the fifteenth richest American.

The only way to build wealth is to have a gap between your ego and your income.

good team of A’s—accountants and attorneys—I’d

But that doesn’t particularly matter if the other 1% turn out to be the work of someone like Picasso. Berggruen could be wrong most of the time and still end up stupendously right. A lot of things in business and investing work this way. Long tails—the farthest ends of a distribution of outcomes—have tremendous influence in finance, where a small

The $100,000 Salt and Pepper Shaker

There is no reason to risk what you have and need for what you don’t have and don’t need.

“Enough” is not too little.

new clients are worth more to the firm than the value of the initial engagement, because they offer the potential for additional future revenues.