Billionaires Are ‘More Talented’—UBS Claims Billionaire-Led Businesses Nearly Double The Performance Of The Market

Billionaires are “a different breed.” That’s the message from UBS/PwC in its 2019 Billionaire Report pointing to billionaire-controlled publicly traded companies outperforming the global equity benchmark by 8.7%.

He adds, “They [billionaires] are masters of risk-reward. They have the ability to take massive risks provided the outcome will [also] be massive. ... They are not afraid of failure. Many, many people on this planet are afraid of the downside. For [billionaires], the downside is an opportunity to buy.”

According to UBS, in the same period, 589 individuals became billionaires, increasing the membership of this elite club by “38.9% to 2,101 billionaire globally.” In the report, UBS cites the “social value” of a billionaire and the “significant positive social and environmental impact” generated by “billionaire entrepreneurs.”

Basically, billionaires can afford to invest in business strategy, when the mom and pops are just trying to keep the lights on

When you have a bigger safety net, you have the ability to take bigger risks. While a billionaire may lose millions or billions from a bad deal, at the end of the day most will be fine. Most of the working class simply can’t afford the risk.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Billionaires Are ‘More Talented’ - UBS Claim Billionaire-Led Businesses Outperform Market by 9%Billionaires are “a different breed”. That’s the message from Swiss private Bank UBS and PwC who claim that billionaire-controlled listed companies outperformed markets. Go figure 😂 So they're not picked at random by the fairy after all... If by “talent” you mean talented at draining the economy, holding monopolies and crushing small domestic businesses, you betcha. 👍
Source: Forbes - 🏆 394. / 53 Read more »

How Billionaire Jim Simons Learned To Beat The Market—And Began Wall Street’s Quant RevolutionRead an exclusive excerpt from Gregory Zuckerman's new biography of billionaire Jim Simons, 'The Man Who Solved the Market.' benruilangat Automated trading systems produce profits from electronic front running. In the summer of 1978, Jim Simons was bursting with self-confidence. He had conquered mathematics, figured out code-breaking, and built a world-class university department at Stony Brook University. Now, he was sure he could master financial speculation
Source: Forbes - 🏆 394. / 53 Read more »

Carl Icahn’s Investment Fund Is Having Another Terrible YearLegendary Wall Street trader Carl Icahn’s investment fund is having another terrible year Sheesh. -16%... Most of these 'legends' got lucky one time..
Source: Forbes - 🏆 394. / 53 Read more »