Shaq: ‘I Probably Quadrupled What I’m Worth’ Following Jeff Bezos’s Advice

NBA star Shaquille O’Neal, more commonly known by his nickname Shaq, was one of the most, if not the most, dominant center ever to play the game of basketball.

After earning nearly $300 million during his 19-year basketball career, Shaq has gone on to become a highly successful businessman.

He was an early investor in Google, has investments in Apple and Planet Fitness, and at one point owned 155 Five Guys restaurants.

Shaq says that the best piece of investing advice he ever got was from Amazon Founder Jeff Bezos.

“I heard Jeff Bezos say one time [that] he makes his investments based on if it’s going to change people’s lives,” said Shaq.

“Once I started doing that strategy, I think I probably quadrupled what I’m worth.”

This piece of advice frequently guides Shaq when he has to decide which opportunities to pursue, and which opportunities to let pass him by.

“If something comes across my desk and I don’t believe in it, I don’t even look at it,” said O’Neal.

It doesn’t even matter if the numbers all line up. “Whenever I do business, it’s not about the money,” said O’Neal.

In a previous interview, the former Orlando Magic, LA Lakers and Miami Heat star said: “I never say, ‘If I invest in this, five years down the line, we could sell it for this.’ Every time I’ve had that model, it’s always been a failure.”

‘Swing, you bum!’

Unsurprisingly, the Oracle of Omaha, Warren Buffett, also has some great and similar investing advice.

Even better, in keeping with the theme, he gives it to us by way of a sports metaphor.

First, Buffett explains, “If he (Ted Williams) waited for the pitch that was really in his sweet spot, he would bat .400.”

“If he (Ted Williams) had to swing at something on the lower corner, he would probably bat .235.”

The lesson to take from this metaphor is that an investor doesn’t need to jump at every opportunity that comes their way.

“The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot,” said Buffet.

“And if people are yelling, ‘Swing, you bum!’ ignore them.”

biden wins

What I’m Telling Investors to Do If Biden Wins the White House

The value of our Bulletproof Wealth Report model portfolio declined modestly over the past several trading days ending Sept. 27, while the Dow Jones Industrial Average fell by 822 points

Options: Meandering Market Tamed by Using a Straddle or a Strangle

When you hear talk of markets trending, people think of uptrends or downtrends. However, markets often get stuck in a trading range. This is the condition where there is no

Warning! Market ‘Death Cross’ Appears

A death cross! According to Investopedia: The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a

5 Best Stocks to Buy If Trump Wins the Election

If President Donald Trump wins the election on November 3, 2020, you might want to consider adding these five equities positions to your portfolio: LMT, BAC, AMZN, XLE, TWTR. Why?

5 Best Stocks to Buy If Biden Wins the Election

If Vice President Joe Biden wins the election on November 3, 2020, you might want to consider adding these five equities positions to your portfolio: XLU, TSLA, XLV, MLM, and

TGIF — Ending the Week with a Whimper

Everything is proceeding as I have foreseen. In Monday's "The Week Ahead — 200,000 Deaths Weigh Heavily on the Market," we knew the 200,000th American death would put Covid back

Even If the Overall Market Continues Lower, This Staple Could Maintain Its Upward Trend

Since peaking in early September, the main indices have all three stumbled for the last few weeks with the S&P and Nasdaq falling over 10% from their highs already. Three

tesla stock

TSLA Too Volatile? Two Option Strategies for Tesla Stock

Tesla Inc. (TSLA) is one of the most popular stocks amongst investors. Led by CEO Elon Musk the electric vehicle manufacturer has disrupted the transportation industry, bringing hype to a

pot stock

Pot Stock ‘Blood in the Streets’ Buy Signal Is Here

The cannabis market has been a volatile space in recent years. A wave in legalization, particularly in Canada but also through parts of the United States, led to significant growth

Use Options as Portfolio Insurance in Rocky Times

Since the beginning of September we have seen the main U.S. indices drop. There are a number of possible reasons for the decline, but more importantly I expect the increased

4 Foreign Countries Where You Can Retire On Social Security Alone

Someone once said that retirement is not the end of the road but a highway opening to a new chapter in life. Whoever said that clearly has never experienced a

We’re Beating the Index Off the March Low: Update

The Bulletproof Wealth Report model portfolio is continuing to perform well and is now up 27.4% since the inception of our monthly newsletter on April 13, 2018. Although the value