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There are mechanisms and ways of thinking to how large fortunes are put together. We are going to kick the tires on Warren Buffett, Elon Musk, Mike Novogratz, and a few others. At certain levels of scale, a number of strategies just stop working. For example, financial literacy and responsible budgeting is going to get you out of debt and into a reasonable personal situation. This will work for millions and billions of people. But if you want to generate empire-building cashflow, there is not enough coffee in the world you can choose to not buy (e.g., $4.00 times 365 is $1,460). Next up is the advice of the venture capitalist. Remember, a venture investor is taking portfolio bets on highly concentrated positions, of which 90% will fail and 10% will return billions of dollars. In such a world, the investor wants each bet to have the highest expected return. A 5% chance of $1 billion is worth $50 million. A 25% chance of $100 million is worth $25 million. The lower probability event w...

Chris Jim · June 17, 2017 CEO at Hustlr | Oxford | Engineer at Amazon, Ex-Facebook I am sitting for IELTS test this Saturday, what advice would you like to give? Take a good rest and Do NOT cram the night before. Here are some tips and advice from my own personal experience taking the IELTS test. Listening Section: Make sure for the listening section you pay attention to every detail of the conversation. Often it isn’t that you didn’t hear the conversation, it’s just that u aren’t focused. Reading Section: You will have a lot of time for this section generally speaking. Be sure to make the most out of it. If you are stuck on one question go to the next. And i’m sure you are troubled by the fact that not given/false are extremely similar. The truth is, it isn’t. Don’t interpret the passage. Rather, look for evidences as questions are always evidence-based. If u can’t figure out why the statement is right or wrong 90 percent of the time the answer is not given. Writing Sectio...