Bill Gates Was The 'World's Richest Man' For A Record 18 Years. His Secret To Success? 'Saving Like A Pessimist, Investing Like An Optimist'

Photo source: Britannica

Bill Gates, co-founder of Microsoft and one of the most influential figures in the tech industry, is renowned for his business acumen and unique approach to financial management. After dropping out of college at 19, Gates cofounded Microsoft with Paul Allen, transforming it from a small startup into a global tech giant.

Gates dominated the Forbes list of the world’s wealthiest individuals from 1995 to 2017, holding the top spot for 18 out of 23 years. This unprecedented run showcases his ability to accumulate wealth and maintain and grow it over an extended period despite market fluctuations and economic challenges.

At the heart of Gates’ financial philosophy lies a seemingly contradictory lesson which author and psychologist Morgan Housel observed in a 2021 CNBC article: "Save like a pessimist, invest like an optimist." This maxim encapsulates his balanced approach to money management, a cornerstone of his success.

By Jeannine Mancini.

Full story at Yahoo News.