How did Larry Namer manage his money after selling his company?
Short answer: Advisers managed 90% of Larry's money, and he kept 10% for his own investments.
Larry discussed how he handled his money after his company exit.
Larry on the 90/10 split
Larry said he surrounded himself with people who knew money better than he did. They managed 90% of what he had, while he kept 10% to play with. (at 11:43)
Larry on the charging-equipment bet
Larry said investments that did not work taught him the greatest lessons. He gave his investment in companies making charging equipment as an example, saying he lost 60% of the money on it. (at 12:10)
"My guys have just stayed the course."
From Richard's exclusive Billionaires.com interviews
Lessons from Richard C. Wilson's one-on-one interviews, as published on each interview page.
- Michael Lee-Chin: Invest in what people will do next. He saw that his generation would shift from consuming to saving and investing. He chose wealth management companies over banks and insurers to avoid underwriting losses.
- Tom Rosen: Buy when the market is down. Tom bought a lot when the stock market almost collapsed and made a substantial profit. In the year that followed, oil and gas surged. So did some tech.
- Tim Draper: Teach children about money early. Give them a small allowance and have them earn and invest money in the stock market. Over time they learn to ask sharp questions about how a business works.
See the data
Frequently asked questions
How did Larry Namer manage his money after selling his company?
Advisers managed 90% of Larry's money, and he kept 10% for his own investments.
Sources
- Larry Namer's Billionaire path: "Sold My Company for $3 Billion" (Richard C. Wilson YouTube channel)
Quotes are copied from the video captions and checked against the transcript. Timestamps link to the moment in the video. General information only, not legal, tax or investment advice.