About Thinking Like Billionaires
Who am I?
Thaxter Arterberry: Multi-faceted entrepreneur, investor, author, mentor, California real estate broker, and radio talk show host on 97.5 FM, leveraging over 25+ years of expertise.
My Philosophy
California, the world's fourth-largest economy has 185+ billionaires. Through their daily rituals and steadfast dedication a blueprint for sustainable change has emerges, offering heightened success for all Californians. Embracing their elusive habits, we commence on a journey of profound transformation, shaping our destinies locally and globally by seizing the abundant opportunities inherent in the Golden State.
My Services
I offer a variety of coaching services, including one-on-one mentorship sessions, group teachings, and online courses to help you achieve your goals.
Strategic Ownership for Accelerated Growth
Owning 100% of a business isn't always the most lucrative path to success. Take cues from Jeff Bezos owns 12.7% of Amazon. Ellon Musk owns 13% of Tesla, Bernard Arnault owns 46% of LVMH, Warren Buffett owns 16% of Berkshire Hathaway, Larry Ellison owns 35% of Oracle. Sharing ownership can catalyze rapid growth. Many millionaires hoard their shares, unaware that relinquishing some control could expedite their ascent to wealth.
Business Ownership and Private Equity
While real estate can make you a millionaire, the real wealth engine for billionaires lies in business ownership and private equity. Unlike the slow and steady gains in real estate, owning and scaling businesses offer explosive growth potential. Successful entrepreneurs leverage their businesses to invest in other ventures, particularly through private equity, propelling them to stratospheric levels of wealth.
Leveraging Other People's Capital
Billionaires understand the power of OPM (Other People's Money). Instead of relying solely on personal funds, they seek investments from friends, family, or investors. By trading ownership stakes for capital, they accelerate their business's growth trajectory without risking their own finances. This strategy involves multiple funding rounds, each increasing the company's valuation and the founder's stake.
The Buy Low, Sell High Mentality
Every successful business operates on the principle of buying low and selling high. Whether trading commodities, debt, or attention, the fundamental strategy remains the same. Billionaires excel at identifying undervalued assets, leveraging them for profit, and reinvesting the proceeds into further growth opportunities. Understanding the importance of markup and scale is key to maximizing profits.
Diversification Beyond Traditional Assets
While stocks have their place, billionaires recognize the importance of diversifying into alternative investments. Blue-chip art, for example, offers stable returns, particularly in high-inflation markets. Fractional ownership platforms democratize access to these assets, allowing individuals to invest in valuable art pieces. Diversifying across various asset classes mitigates risk and capitalizes on emerging opportunities.
Learning from Successful Entrepreneurs
Studying the journeys of self-made billionaires like Daniel Dines provides invaluable insights into achieving wealth. By analyzing their strategies and adapting them to individual circumstances, aspiring entrepreneurs can chart a path from rags to riches. Dines' success story exemplifies the power of determination, innovation, and strategic thinking in building a billion-dollar empire.
Embracing Innovation and Disruption
Billionaires thrive in environments of innovation and disruption. They recognize that traditional methods often lead to traditional outcomes. By embracing new technologies, business models, and market disruptions, billionaires stay ahead of the curve and capitalize on emerging trends. Whether it's pioneering new industries or revolutionizing existing ones, the willingness to challenge the status quo is a hallmark of billionaire success.