What to do if you have a lot of money
Investor: If you have $2.4 trillion of assets and you can’t invest it all, what should you do?
Genesee County Commissioner: I think we have to keep the lights on.
Investor: What should you invest?
Genesis: Well, I think what I should invest is maybe a small amount of equity in a small company, because I think it’s possible that maybe the company can turn into a great success story for the community.
I’m not saying that you should invest everything.
I think you should try to put a small percentage of your net worth into the company, and you shouldn’t have a huge stake in a large corporation, because you have to have a certain amount of time and a certain level of capital to be able to do that.
So, I would invest a percentage of my net worth.
You should also have a small interest in the company.
I would just invest a small portion of my capital, and then you should see if that’s enough to make a difference.
That’s the way I would approach it.
So that’s a good way to start.
Is it too much?
Is it right?
Is this right?
I think this is the most important thing that you can do.
That way you’ll have the resources you need to do it.
And then you’ll be able, at the end of it, to say, ‘OK, how did we do it?
How did we grow the company?’
And that’s the right answer.
So the answer is, let’s try to do something that we think can make a positive difference.
And we’ll be proud of it.
But, yeah, that’s my answer.
Investor and Genesce County Commissioner discuss investing in Genesis Energy (Photo: Mark Zaleski/Bloomberg)Read or Share this story: https://usat.ly/2eWlqg8