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Billionaire Alex Gerko, founder of quantitative-trading firm XTX Markets, has established a personal investment firm to manage his rapidly growing fortune. Gerko, one of the UK's biggest taxpayers, named the family office after the Cromulons from the Rick & Morty cartoon series. This move highlights a trend among the super-rich, who approach investing differently from the average person. Wealth manager Robert Fraser notes that while most people follow a 60/40 strategy, billionaires focus on multiplying assets and reducing liabilities to grow their net worth.
A checklist to overcome human weaknesses in investing https://t.co/vzf95y1bTY
“Too many investors fail to follow some simple, time-tested tenets that improve the odds of achieving success and, at the same time, reduce the anxiety naturally associated with an uncertain undertaking.” -- Arthur Zeikel
Something to think about as you make offers: Of the ~110 buildings we’ve rehabbed in LA, I can think of fewer than five where the deal got better between when we built our initial financial model & the day we removed contingencies. Better make sure there’s a margin of safety.
