While savvy investment forms a part of many business strategies, there are still some key differences between a standard businessperson and an investor. Certainly, if we had inherited a media empire from our fathers at the age of 21, we too could have grown it into an even larger media empire, just like Rupert Murdoch did… And who knows, we might have even been asked to do a cameo on The Simpsons too. It’s logically easier for a person who has already found some kind of business success and has received the subsequent profits to become an investor, since any loss of funds won’t be felt so strongly, unlike someone who is new to investing and might be inclined to invest more than they can afford in a risky venture. Murdoch himself has made many risky investments, such as the acquisition of Myspace for $580 million, which he ended up selling for just $35 million. So who are some of the most successful investors of the modern age, and what made them so darn good at it?
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