SlideShare a Scribd company logo
THE LITTLE BLACK
BOOK OF
BILLIONAIRE
SECRETS
By Will Meade & Bryan Rich
How to turn
$20k into $26 million in 12 years
or $1.2 billion in 30 years
FORBES BILLIONAIRE’S PORTFOLIO
Forbes Billionaire’s Portfolio
Introduction ... 4
Why You’re Not A Billionaire ... 5
How Billionaires Get Richer ... 10
What Billionaires Do Differently ... 11
How to Invest Alongside Billionaires Without Having
A Billion Dollars ... 12
How the Secret Can Work For You ... 14
4 Stocks Icahn Thinks Can Double ... 24
How To Make $26 Million ... 26
Summary ... 28
TABLE OF CONTENTS
CLICK HERE TO LEARN MORE
Manage Your Portfolio
Like A Billionaire Investor
Join
FORBESBILLIONAIRE’SPORTFOLIO
• Break away from the herd.
• Invest alongside the world’s best investors.
• Get the billionaire advantage.
• Stocks that can double and triple.
Forbes Billionaire Portfolio helps average
investors invest alongside Wall Street billionaires,
uncovering the best ideas from the best
billionaire investors and hedge funds.
Forbes Billionaire’s Portfolio
Have you ever wondered how
billionaires invest their money? How
they continue to get RICHER, while the
rest of the world is struggling?
We study billionaires for a living. To
be more specific, we study how these
investors generate such huge and
consistent profits in the stock markets–
year-in and year-out.
For more than a decade, we’ve trudged
through every single stock that our
favorite billionaire investors have
bought. And what we have found is
truly amazing.
Consider this: If you would have
followed the lead of these billionaire
investors, buying the same stocks they
buy, you could have made an amazing
42% annualized return on your
money. Conversely, the long run return
on the S&P 500 is just 8%.
But even more incredible: If you
followed the stock picks of these
brilliant investors, but waited to buy
them only after they dipped 33%
BELOW what these billionaires paid
for their shares, you could have made
82% a year over the past 12-years.
That’s 82% a year, while the broader
stock market experienced the worst
performance in history.
For perspective, 12-years ago, if you
would have invested only $20,000 in
this strategy of following the world’s
best billionaire investors, you could
have $26 million today ...
That’s $26 million
for every $20,000 invested.
Alternatively, for every $20,000 invested
in the S&P 500 for the same period, you
would have just $20,805.
“Billionaire
investors have
given us the clear
roadmap to follow
their footsteps to
wealth creation.”
INTRODUCTION
4
Forbes Billionaire’s Portfolio
Average investors make a number of
mistakes that keep them poor. Much of
it is due to a total lack of education and
understanding of what investing is all
about.
The Wall Street marketing machine
has led average investors to believe
that active trading, hot stocks tips
and predicting market direction is
the golden ticket to wealth. In fact, it
produces the exact opposite.
THEY THINK THE STOCK
MARKET IS A GOOD
INVESTMENT
Inexperienced investors think they
should be able to buy at bottoms, sell at
tops and make gobs of money. But that’s
a highly difficult task.
The long-run annualized return for
the S&P 500 (including dividends) is
8%. And after fees, most professional
mutual fund managers do not beat the
S&P 500.
Moreover, too many investors do not
understand the risk they’re asked to
take to achieve an 8% return.
The volatility of stock market returns
is best measured by looking at the
dispersion of returns around the
average return. This gives you a clue as
to how much risk you have to endure to
achieve your expected return. It’s called
the standard deviation and is a good
way to measure risk.
The standard deviation of the S&P 500
is 19%.
This means roughly 70% of the time,
the S&P 500 should trade plus or minus
19% around its long-term average
return. So if you use standard deviation
as a gauge of risk, you’ll find that the
broad stock market pays you only 1
unit of return for 2 units of risk taken.
WHY YOU ARE NOT A BILLIONAIRE
#1
MISTAKE
“Billionaires invest
in things they know
... where they have an
edge.”
5
Forbes Billionaire’s Portfolio
Take a look at these two hypothetical
charts …
Both investments have an 8% average
annual return. But Investment #1 has a
wide range of returns, while Investment
#2 has a stream of returns that more
tightly hug the average annual return.
If each of the
points on
the charts
represents
a monthly
return
and both
investments
achieve the
same end
result, which
investment should you choose?
The answer: Investment #2 — the one
with the tighter distribution of returns
since it gives you a higher probability of
achieving a higher return.
Here’s why: Your investment’s
performance will largely depend on
when you enter and when you exit.
If you enter or exit at any given point
along the path of Investment #2, the
likelihood of success is greater than it
would have been with Investment #1.
So unless you think you can pick the
exact bottom to enter and the exact top
to exit, you’re far better
off finding investments
that have a tighter
distribution of returns.
The bottom line is, a buy
and hold strategy in the
broader stock market
index just doesn’t
compensate you for risk.
It’s a bad investment.
Stay away.
“Billionaires don’t
gamble - they bet on
sure things.”
6
Forbes Billionaire’s Portfolio
OVERTRADING
I know a lot of very rich people. And I
know a lot of very successful investors.
I can tell you this. None of them got
rich day trading.
In fact, not only can day trading be bad
for your bank account, it can be bad
for your health. There’s a study by a
prestigious Australian University that
says every hour you spend in front of a
computer increases your risk of an early
death by 11%. Think about that! The
smartest and most successful investors
think in terms of risk vs. reward, in
EVERYTHING they do!
A shortened life with less money is a
bad trade – don’t do it.
TRUSTING THE
WRONG PEOPLE
If you take away one thing from this
book, remember this: Your financial
advisor-stock broker is not your
friend.
I say this with utmost respect as my
dad was a stock broker for 50 years. But
let’s be honest, stock brokers are not as
valuable as they once were.
Sure, 20 years ago when there wasn’t
the Internet or smartphones, you had to
call your broker to get a stock quote or
make a trade.
Today, you can get stock quotes,
currency quotes
and research,
on the Internet.
So think twice
before you hire
a broker. Many
investors are
savvy enough
to use an
online brokerage
account, which
can cost $5 a
trade.
I don’t want to belabor this point,
but think about this: the brokerage
industry does not produce investment
minds, it produces salesmen.
My point is this: In many cases (I
would estimate the majority of the
cases) these people you trust with
your money are not experienced or
educated enough to watch over your
money. Be aware of that.
And keep in mind that brokers get paid
regardless of whether your account
goes up or down.
In 2015, Warren
Buffett’s net worth is
$66.7 billion.
#2
MISTAKE
#3
MISTAKE
7
Forbes Billionaire’s Portfolio
Bottom line: Stay away from them and it will
save you easily 2% to 4% in fees per year.
On a $100,000 account,
that’s as much as $4,000 more
a year in your pocket.
“Billionaire
investors invest
when they can
control their
own destiny...
they don’t
leave things to
chance.”
8
Forbes Billionaire’s Portfolio
9
BREAK AWAY FROM THE HERD
AND STAND ON THE SHOULDERS OF
BILLIONAIRES
Forbes Billionaire’s Portfolio
You see, unlike the average investor, billionaire
investors don’t stand by and let the global
economic turmoil or restrictive policies destroy
their wealth.
They pivot. And they capitalize!
How?
It’s not from focusing on the things they cannot
control. But by focusing on the things they can
control.
Let me explain ...
Billionaire investors have a unique advantage.
Of course, they have a lot of money. But with
money, comes power and influence.
Unlike mutual fund managers, financial
advisors and the rest of Wall Street and Main
Street, these billionaires aren’t in the business of guessing about what may or may
not happen with a company, and its stock. They are in the business of sure things.
They like to control their own destiny. And that’s precisely what drives the way
they invest.
They find companies that have a clear need for a shake-up. Then, they buy enough
of the company to take control of the wheel.
“What’s the
difference
between a
billionaire
investor and
you?”
HOW BILLIONAIRES KEEP GETTING RICHER
10
Forbes Billionaire’s Portfolio
WHAT BILLIONAIRES DO DIFFERENTLY
When you buy as much as 5% ... 10% ... even 15%
of a company’s stock, YOU are in the driver’s seat.
Management works for you!
It’s this philosophy of taking “controlling interest”
in companies that has allowed these big-time
investors to put up staggering returns, year after
year ... even in the worst economic climate in our
life-times.
To be clear, these are guys that built their wealth
by investing in these types of situations.
They have track records that are unmatched in
investing. And their bank accounts prove it.
Now, if someone told you that you could get
an inside look at what is in these billionaires’
portfolios, wouldn’t you want to take a peek?
Imagine how valuable it would be to know exactly
what the richest, most successful investors in the
world have in their portfolios.
As a consultant to large hedge funds, that’s exactly
what I do. I uncover these lucrative investments
that allow my clients to piggy-back these investing
giants. I do it for my own account.
“If someone told
you that you could
get an inside
look at what is in
these billionaires’
portfolios, wouldn’t
you want to take a
peek?”
11
CLICK HERE TO LEARN MORE
HOW TO INVEST ALONGSIDE BILLIONAIRE INVESTORS
WITHOUT HAVING A BILLION DOLLARS
You get ALL of the returns, but pay none of the fees. We let these
brilliant, billionaire investors do all the work and we reap the benefits.
In short, through my extensive network of contacts in the hedge fund
industry and among the ultra-rich, I find out...
• WHO the smartest and historically best
performing hedge funds are
• I find out WHAT they are buying
• I tell YOU WHAT and WHEN they are buying,
• YOU BUY WHAT THEY BUY!
It’s that simple.
Consider this: These funds can often end up owning as
much as 60% of the company’s total outstanding stock.
They can’t afford to be wrong!
HOW THE BILLIONAIRE’S
SECRET CAN WORK FOR YOU
Forbes Billionaire’s Portfolio
Let’s start with GGP.
This one is of the “home run” variety.
They certainly don’t all come like this,
but when they do it’s a lot of fun.
My guy was buying these shares, as the
world was falling apart, between 25
cents and 50 cents. (Editor’s note: the
blue box in the charts represent where
the funds were found acquiring the
stock).
So the world is imploding, and he’s
pouring hundreds of millions of dollars
into a penny stock – THAT GETS MY
ATTENTION!
This stock went up 46-fold!
For those that might be slow doing the
math, I understand. That’s $460k for
every $10k invested.
That’s a huge winner. And it also
demonstrates the appeal of buying low
priced stocks, which much of these
guys like to do.
You get more bang for your buck.
Next, Dollar Thrifty …
This chart really exemplifies why you
need to follow billionaire investors.
Dollar Thrifty, a car rental company,
was very near bankruptcy. Let me
restate that … this company was
teetering on the edge of collapse.
The investor I followed stepped-in
and bought millions of shares of DTG
around 35 to 45 cents a share. That
gave him controlling interest in the
company.
Once he had control, he knew that he
could impose his will on the company
and turn it around. Believe it or not,
this was one of those “sure thing”
investments for him.
WOULDN’T YOU LIKE TO HAVE A BILLIONAIRE ON YOUR SIDE?
14
Forbes Billionaire’s Portfolio
A year later, two different car rental
companies tried to buy DTG.
This investment ended up returning
over 8,000%.
That would turn a $10,000 investment
into more than three-quarters of a
million dollars!
The interesting thing about these
opportunities is that you don’t have to
be a sophisticated investor to invest
like one. They do all of the work. They
pay all of the experts. And the average
guy can get all of the benefits just by
following along.
WOULDN’T YOU LIKE TO HAVE A BILLIONAIRE ON YOUR SIDE?
“8,000% winner!
Stock picks that
can make you
a millionaire...
overnight!”
15
Forbes Billionaire’s Portfolio
Take a look at Pulte Homes, now.
The guy that was involved in this stock
has one of the greatest long-term-track
records of any hedge fund manager in
the business. He’s averaged over 35% a
year for the past 20 years. And he’s now
worth about $5 billion.
In this case, he became bullish on
homebuilding stocks around mid 2011.
His approach: To bet on a rebound in
housing, he wanted to find the cheapest
stock in the sector. He bought the one
with the lowest book value, the lowest
share price and (this is key) the most
liquidity. He chose Pulte.
Pulte is a member of the S&P 500, and
was one of the few stocks in the S&P
500 index that sold below book value
and under $5 a share. So he dove in. He
purchased millions of shares around
$4.25. The stock went up 200% in less
than a year.
This is
another
example of
the way these
billionaires
trade. They
want low
priced stocks,
because
it gives
them the
opportunity
to make
multiples of their money.
And you can see, in many of these
cases, it doesn’t take long after they’ve
built their stakes, for these stocks to
start running higher.
Another? How about this stock,
Western Refining …
Carl Ichan is one of
the great billionaire
investors.
DOUBLES, TRIPLES, AND BEYOND
PULTE HOMES
WESTERN REFINING
16
Forbes Billionaire’s Portfolio
Here is another example of one of these
big-time billionaire investors buying a
stock below book value.
I found him buying millions of shares
in this gasoline refiner at around $4.
He knew that if gasoline prices
recovered, this stock would generate a
huge return. Less than a year later, the
price of gasoline jumped. And the stock
more than tripled!
Finally, let’s take a look at AOL.
The guys involved in this play are
bulldogs. They buy a controlling
interest in a company, and then they
like to force management to sell assets.
In turn, they manufacture a return on
their investment.
And that’s exactly what they did with
AOL. They forced the company to sell
their patents to Microsoft, for more
than the company’s market cap! The
result …
A DOUBLE in about eight months.
This AOL example shows you that this
type of investing can be done with even
well known, large cap stocks.
Now, I can assure you, the above
examples are just a very small sample.
This is what this type of investing is all
about. It’s about consistent big winners.
It’s about getting a partner on your
side that is hell-bent on making money
– big money … and that’s what these
hedge funds that I follow represent.
They have to be right. They get paid
when they are right.
And these plays all have to work out
within their time frame –which is
inside
“It’s like car-pooling with
a billionaire. They drive
and we get a free ride.”
DOUBLES, TRIPLES, AND BEYOND
AOL
17
Forbes Billionaire’s Portfolio
of a year, in most cases. After all, these
funds are competing for assets, but
mostly for pride ... and annual returns are
everything!
So they can’t sit and wait five years for an
investment to work out, like a mutual fund
or endowment might.
They buy stocks that they know they can
take control of … to unlock value, to
impose their will.
And their will is very clear: To make
money ... a lot of it.
In all of my years of experience working
this industry, I’ve narrowed down my
investing strategy to three simple steps:
Step #1: I find out who the best are
Step #2: I find out what they’re buying
Step #3: I buy what they buy
Just follow the best and the rest is easy.
These guys are rich because they control
their own destiny. They do all the work
for you. They put their own money on the
line.. Brokers, mutual funds don’t.
I’ve narrowed down my
investing strategy to
three simple steps:
I find out who
the best are
I find out what
they’re buying
I buy what they
buy
Just follow the best
and the rest is easy.
1
2
3
DOUBLES, TRIPLES, AND BEYOND
18
CLICK HERE TO LEARN MORE
Manage Your Portfolio
Like A Billionaire Investor
Join
FORBESBILLIONAIRE’SPORTFOLIO
• Break away from the herd.
• Invest alongside the world’s best investors.
• Get the billionaire advantage.
• Stocks that can double and triple.
Forbes Billionaire Portfolio helps average
investors invest alongside Wall Street billionaires,
uncovering the best ideas from the best
billionaire investors and hedge funds.
Forbes Billionaire’s Portfolio
They put up huge returns every year
regardless of what the market does. Just
one of these stocks could let you retire
rich.
Most importantly, this type of investing
lets you enjoy your life. Instead of
staring at screens all day, take a walk,
play golf, fish, play with your kids. Get
rid of those computer screens that are
killing you.
Put simply, following the worlds
greatest billionaire investors can put
you on the same path to becoming rich.
Keep in mind, those S&P 500 long run
returns I mentioned earlier, a measly
8% per year, also come with loads of
risk. Now, look at these returns from
some of the great billionaire investors
of our time.
Carl Icahn has put up 53% per year
over the past 20 years.
John Burbank has returned 50% per
year since 2000.
David Tepper has made 41% per year
since 1993.
The most amazing thing about all of
these great investors is that they made
these incredible returns simply buying
stocks. That’s it, just publicly traded
companies that you and I can click a
button and buy.
In these cases, you are buying a stock
with a huge potential return, but
limited risk. This is key.
For example, take Hertz (HTZ), a
deeply undervalued market leading
car rental company. Here, we have a
stock that possesses ”asymmetrical
risk.” This is what billionaire investors
LOVE to see.
FOLLOW THE BEST!
WARNING:
A lot of people want to offer
you advice on how to manage
your money. The BEST investors
ONLY surround themselves
with proven winners who have
personally demonstrated
success!
20
Forbes Billionaire’s Portfolio
Here’s what I mean …
Hertz sells for $17 a share. Billionaire
activist investor Barry Rosenstein
of Jana Partners has publicly said he
thinks Hertz is worth $60. Jana owns
almost $1 billion worth of HTZ stock.
And he has company. The legendary
billionaire investor Carl Icahn owns
9% of the company. Stocks reprice on
catalysts. And these two influential
investors are the catalyst.
Now, the downside of the stock is that
it could, maybe, lose half of its value
here. A lot would have to go wrong
with the world and the company. But even if the stock went to zero you can only
lose 100%. I should say, this rarely happens when billionaire investors are so heavily
invested in a stock.
So if the world falls apart you only lose 100%. If things go right you have prospects
of nearly 300%. That’s a 3 to 1 risk reward trade. And trust me, there aren’t a lot of
investments that offer that scenario. That is why the best investors like stocks that
have this ASYMMETRICAL RISK TO REWARD opportunity.
FOLLOW THE BEST!
“Great investors
LOVE asymmetric
risk”
21
Forbes Billionaire’s Portfolio
We’ve talked about the value of
following the best. What about the best
OF the best?
I’ve studied the track records of
hundreds of billionaire investors and
billion-dollar hedge funds. And one
man stands above the rest, as the best
investor alive. I’m sure most would
consider it to be Warren Buffett. But
the numbers tell a different story. In
fact, the greatest investor of all-time is
billionaire activist Carl Icahn.
Incredibly, both
Icahn and Buffett
have been building
their respective
investment empires
for over five
decades. And more
incredibly, they
remain at the top
of their profession.
But Icahn has, unequivocally, shown
superior skill as an investor.
Consider this: Icahn has returned
31% annualized since 1968. That
would turn every $1,000 invested with
Icahn into $325 million today – an
incredible number. Buffett, on the other
hand, returned 19.5% annualized
during virtually the same time period.
Buffett’s growth rate over that length
of time is indeed amazing too. But
due to the power of compounding,
the wealth creation of Buffett, from
pure investment returns, pales in
comparison to that of Icahn.
Icahn’s investment skill has created
$65 to every $1 created by Buffett.
So how has Icahn been able to
outperform Warren Buffett (and the
broad stock market) by so much and
for so long?
Of course, Icahn is a dogged
shareholder activist and often an
agitator of corporate management. Key
to his playbook is using power and
influence to control his own destiny
on stocks he invests in. In a study
he published last year, Icahn called
attention to the power of the board
seat. Looking back on a recent five-year
period, Icahn showed that when he
secured a board seat on a company in
his portfolio, he was able to create value
for shareholders to the tune of a 27%
gain, on average. That’s controlling your
BUILDING YOUR OWN BILLIONAIRE’S PORTFOLIO
“Icahn’s investment skill has
created $65 for ever $1
created by Buffett.”
In 2015, Carl Icahn’s
net worth is
$21.3 billion.
22
Forbes Billionaire’s Portfolio
own destiny.
Additionally, when we look strictly
across the stocks in his portfolio, we
can see some common traits that have
made Carl Icahn the world’s greatest
investor:
The media, mutual funds, CNBC,
finance books — they all say having
a high win rate is paramount to good
investing. They tell you that the most
important thing is being right. Like
many widely accepted adages, it
happens to be dead wrong. Billionaire
iconic hedge fund investor, George
Soros, says “it’s not whether you’re right
or wrong, but how much money you
make when you’re right and how much
money you lose when you’re wrong.”
Over the past 20 years, the stocks in
Icahn’s portfolio have a win rate only
a tad bit better than a coin toss. But he
puts himself in position, so that when
he wins, he has the chance to win big!
They like to invest in
opportunities with
limited risk and huge
potential return.
Among Icahn’s stocks, his winners were
almost twice that of his losers.
Icahn became rich by
taking concentrated bets
throughout his career. As
Buffett has famously said,
“you only need one or two great ideas a
year to get rich.” This is exemplified in
Icahn’s portfolio. His big win on Netflix
garnered a 463% return in just 12
months, between 2012 and 2013.
Patience is king. You don’t
have to go to Harvard or
have a Goldman Sachs
investing pedigree to have
patience. And many times, that can be
the difference between making money
and losing money in investing. Icahn
has an average holding period of over
two years.
When you hunt for
big returns, you must
be willing to accept
drawdowns and losers.
Icahn has multiple stocks over the
past 20 years that have been full losers
(i.e. they went to zero). But when you
have a portfolio full of stocks with big
potential, and a change agent at work,
in the end the big winners can more
than pay for the losers.
Want to invest like the greatest investor
of all-time?
TRAIT
#4
BUILDING YOUR OWN BILLIONAIRE’S PORTFOLIO
TRAIT
#1
TRAIT
#2
TRAIT
#3
23
Forbes Billionaire’s Portfolio
Below are four stocks, plucked straight
from the portfolio of billionaire
investor Carl Icahn. Not only can you
own them too, but in some cases, you
can buy them cheaper than the great
Icahn.
Stock #1: Apple (AAPL)
This is no secret. Over the past couple
of years, Icahn has famously and very
publicly commented on his stake in
Apple and his view on how Apple
can unlock more
shareholder value
in the stock. And
it’s worked, to
the tune of more
than a double in
the stock price.
Still, Icahn issued
a research report
this year stating
that Apple shares
are worth $240, if
Apple continues to
use its huge hoard of cash to buyback
stock.
That would be a 118% return from
current levels. Icahn owns $6.6 billion
worth of Apple stock, constituting 21%
of his portfolio.
Stock #2: Nuance (NUAN)
Icahn owns more than $1 billion
worth of Nuance – almost 20% of the
company. When Icahn appointees
(including his son) joined the board,
he said he was optimistic that their
impact (on the board) would have
similar results to their Hain Celestial
investment, a stock that quadrupled
over the three years they sat on the
board.
Stock #3: Hertz (HTZ)
As we mentioned before, Icahn owns
12% of Hertz, almost $1 billion worth.
And he’s accompanied by billionaire
activist Barry Rosenstein, who owns
10% of the company. Rosenstein has
publicly said he thinks the stock is
worth $60 or a triple from current
levels. He said Hertz will be able to buy
back as much as 25% of its stock, which
FOUR STOCKS BILLIONAIRE ICAHN THINKS CAN
DOUBLE... AT LEAST!
24
Forbes Billionaire’s Portfolio
should juice earnings and cause the stock to triple in price over the next year.
With two of the best billionaire activists in the world controlling more than 20% of
Hertz, this stock is a must own for investors.
Stock #4: Freeport McMoran (FCX)
Last month Icahn initiated an 8.5% position in FCX – a billion dollar worth – at
around $12. Today the stock trades for $9. The average analyst price target for
Freeport is $18 or 100% higher than the current share price.
Not only is Freeport one of the cheapest stocks in the S&P 500, selling at one-third
of its book value, but you can buy it cheaper than the price Carl Icahn paid for his
shares.
FOUR STOCKS BILLIONAIRE ICAHN THINKS CAN
DOUBLE... AT LEAST!
25
Forbes Billionaire’s Portfolio
HOW TO MAKE $26 MILLION
Before I go on, I want to emphasize the extreme value
of these types of returns I just mentioned.
The difference between 50% per year and 8% per year,
when you account for the compounding effect over
years of time is extraordinary. It’s the compounding
effect of those types of returns that builds wealth.
And that’s exactly why these guys are billionaires.
This is exactly why I’ve chosen to align my financial
future and my career with these proven investors.
In fact, I’ve done, to my knowledge, the most
thorough research on the investing performance of
billionaire investors and activist investors.
I have a huge database of investors and I have
the good fortune of having access to the most
sophisticated and expensive technology that Wall
Street has to offer. Plus, I have a very lucrative
network of contacts, among them, some of these
billionaire investors themselves.
In short, over the years I’ve tested portfolios of these
top managers through millions of iterations, and
I’ve narrowed down my top guys – my team. And I
went back through every single stock pick these guys
made over the past 25 years. What I found was truly
amazing.
The Research = Big Results
If you would have followed every single stock pick
“The
difference
between 50%
per year and
8% per year,
when you
account for the
compounding
effect over
years of time is
extraordinary.
It’s the
compounding
effect of
those types of
returns that
builds wealth.
And that’s
exactly why
these guys are
billionaires.”
26
Forbes Billionaire’s Portfolio
these investors made over the past 25 years,
you would have returned an amazing 42% per
year on your money.
But this is even more impressive … If you
bought the dip on these investors, the past
12 years would have returned you 82% a
year.
That’s buying the stocks they own a third
cheaper than what they paid for them. The
results are huge!
That can turn $20k into $26 million in
twelve years … or $20k into $1.2 billion in
30 years.
And don’t forget, this is during the worst
single period ever in the history of the stock
market.
Those are big numbers. And guess what. It can be done. There is living proof right
in front of us, with every one of these self-made billionaire investors.
SECRETS OF BILLIONAIRE INVESTING
Disclaimer
The Little Black Book of Billionaire Secrets is strictly an informational publication and does not
provide individual, customized investment or trading advice to its subscribers. Although many of
our analytical approaches are unique, they are based on publicly available data.
Any opinions, news, research, analyses, prices, or other information contained on this ebook
are provided as general market commentary, and do not constitute investment advice nor a
solicitation. We are not liable for any loss or damage, including without limitation, any loss of
profit, which may arise directly or indirectly from use of or reliance on such information. We have
taken reasonable measures to ensure the accuracy of the information on the ebook. The content on
this ebook is subject to change at any time without notice.
“You only
need a few
ideas to be
fabulously
wealthy.”
27
They invest in things they know very
well. 2
1
They want to be in situations where they
can control their own destiny.
When possible, buy these same stocks
at a discount to what these billionaire
investors paid, and get an extra kicker.
Hold stocks until they return 300% to
500% - and sell them (or do what I do,
sell when the billionaire investors sell).
Sit back and enjoy the power of
compound interest.
Only buy stocks that the world’s best
billionaire investors own.
3
4
5
6
7
7 SECRETS OF BILLIONAIRE INVESTING
Billionaire investors bet on sure things.
Forbes Billionaire’s Portfolio
WILLIAM MEADE
CO-FOUNDER
William started his
career with Wood
Asset Management.
Wood Asset
Management was a $1.5 billion institutional
asset management firm and hedge fund,
founded by Gary Wood, a former Goldman
Sachs Partner and Harvard MBA. At Wood,
William helped manage equity and fixed
income portfolios for major university
endowments, Fortune 500 pension funds
and super high net worth clients (including
2 billionaire families).
Next, William was Director of ETF
and Mutual Fund Research for Zacks
Investment Research in Chicago. At Zacks,
he worked with founder Len Zacks, a PHD
from MIT, in developing and maintaining a
proprietary model that ranked over 20,000
ETFs and mutual funds. This model was
viewed and used by over 150,000 people
monthly, and was published in US News
and World Report, and featured on CNN,
Yahoo Finance, and Fortune.com.
William received a Masters in Economics
from Johns Hopkins University, including
PhD level coursework in International
Economics. At Johns Hopkins, Mr. Meade
was taught by economists from The Federal
Reserve and Department of Treasury. While
at Johns Hopkins, Mr. Meade consulted for
a top hedge fund in Washington, DC.
BRYAN RICH
CO-FOUNDER
Bryan is the founder
of Logic Fund
Management, a macro-economic and
global investment research, consulting and
advisory business. At Logic, he has advised
hundreds of thousands of investors from
over 80 countries on global macro investing
issues.
Prior to founding Logic, Mr. Rich was
a senior trader with Integra Investment
Management, a 2005 nominee for Global
Macro Hedge Fund of the year. He started
his career with Traval, a family office macro
hedge fund that managed assets for a
wealthy European family. He has worked in
London and on Wall Street.
He also consults as an expert in global
currency strategy, and has run equity and
economic research groups for a leading
independent research company. He holds
an MBA from Rollins College.
ABOUT THE AUTHORS
29
CLICK HERE TO LEARN MORE
Manage Your Portfolio
Like A Billionaire Investor
Join
FORBESBILLIONAIRE’SPORTFOLIO
• Break away from the herd.
• Invest alongside the world’s best investors.
• Get the billionaire advantage.
• Stocks that can double and triple.
Forbes Billionaire Portfolio helps average
investors invest alongside Wall Street billionaires,
uncovering the best ideas from the best
billionaire investors and hedge funds.

More Related Content

Recently uploaded

The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
DOT TECH
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
Buy bitget
 
This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...
lamluanvan.net Viết thuê luận văn
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
DOT TECH
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
DOT TECH
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
muslimdavidovich670
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
Antonis Zairis
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
Falcon Invoice Discounting
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
marketing367770
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
DOT TECH
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
beulahfernandes8
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
GunjanSharma28848
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
va2132004
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
DOT TECH
 
how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.
DOT TECH
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
beulahfernandes8
 

Recently uploaded (20)

The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
 
This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
 
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
 
how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
 

Featured

Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
Skeleton Technologies
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
SpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Lily Ray
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
Rajiv Jayarajah, MAppComm, ACC
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
Christy Abraham Joy
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
Vit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
MindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
GetSmarter
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
Project for Public Spaces & National Center for Biking and Walking
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
DevGAMM Conference
 

Featured (20)

Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 

The Little Black Book of Billionaire Secrets

  • 1. THE LITTLE BLACK BOOK OF BILLIONAIRE SECRETS By Will Meade & Bryan Rich How to turn $20k into $26 million in 12 years or $1.2 billion in 30 years FORBES BILLIONAIRE’S PORTFOLIO
  • 2. Forbes Billionaire’s Portfolio Introduction ... 4 Why You’re Not A Billionaire ... 5 How Billionaires Get Richer ... 10 What Billionaires Do Differently ... 11 How to Invest Alongside Billionaires Without Having A Billion Dollars ... 12 How the Secret Can Work For You ... 14 4 Stocks Icahn Thinks Can Double ... 24 How To Make $26 Million ... 26 Summary ... 28 TABLE OF CONTENTS
  • 3. CLICK HERE TO LEARN MORE Manage Your Portfolio Like A Billionaire Investor Join FORBESBILLIONAIRE’SPORTFOLIO • Break away from the herd. • Invest alongside the world’s best investors. • Get the billionaire advantage. • Stocks that can double and triple. Forbes Billionaire Portfolio helps average investors invest alongside Wall Street billionaires, uncovering the best ideas from the best billionaire investors and hedge funds.
  • 4. Forbes Billionaire’s Portfolio Have you ever wondered how billionaires invest their money? How they continue to get RICHER, while the rest of the world is struggling? We study billionaires for a living. To be more specific, we study how these investors generate such huge and consistent profits in the stock markets– year-in and year-out. For more than a decade, we’ve trudged through every single stock that our favorite billionaire investors have bought. And what we have found is truly amazing. Consider this: If you would have followed the lead of these billionaire investors, buying the same stocks they buy, you could have made an amazing 42% annualized return on your money. Conversely, the long run return on the S&P 500 is just 8%. But even more incredible: If you followed the stock picks of these brilliant investors, but waited to buy them only after they dipped 33% BELOW what these billionaires paid for their shares, you could have made 82% a year over the past 12-years. That’s 82% a year, while the broader stock market experienced the worst performance in history. For perspective, 12-years ago, if you would have invested only $20,000 in this strategy of following the world’s best billionaire investors, you could have $26 million today ... That’s $26 million for every $20,000 invested. Alternatively, for every $20,000 invested in the S&P 500 for the same period, you would have just $20,805. “Billionaire investors have given us the clear roadmap to follow their footsteps to wealth creation.” INTRODUCTION 4
  • 5. Forbes Billionaire’s Portfolio Average investors make a number of mistakes that keep them poor. Much of it is due to a total lack of education and understanding of what investing is all about. The Wall Street marketing machine has led average investors to believe that active trading, hot stocks tips and predicting market direction is the golden ticket to wealth. In fact, it produces the exact opposite. THEY THINK THE STOCK MARKET IS A GOOD INVESTMENT Inexperienced investors think they should be able to buy at bottoms, sell at tops and make gobs of money. But that’s a highly difficult task. The long-run annualized return for the S&P 500 (including dividends) is 8%. And after fees, most professional mutual fund managers do not beat the S&P 500. Moreover, too many investors do not understand the risk they’re asked to take to achieve an 8% return. The volatility of stock market returns is best measured by looking at the dispersion of returns around the average return. This gives you a clue as to how much risk you have to endure to achieve your expected return. It’s called the standard deviation and is a good way to measure risk. The standard deviation of the S&P 500 is 19%. This means roughly 70% of the time, the S&P 500 should trade plus or minus 19% around its long-term average return. So if you use standard deviation as a gauge of risk, you’ll find that the broad stock market pays you only 1 unit of return for 2 units of risk taken. WHY YOU ARE NOT A BILLIONAIRE #1 MISTAKE “Billionaires invest in things they know ... where they have an edge.” 5
  • 6. Forbes Billionaire’s Portfolio Take a look at these two hypothetical charts … Both investments have an 8% average annual return. But Investment #1 has a wide range of returns, while Investment #2 has a stream of returns that more tightly hug the average annual return. If each of the points on the charts represents a monthly return and both investments achieve the same end result, which investment should you choose? The answer: Investment #2 — the one with the tighter distribution of returns since it gives you a higher probability of achieving a higher return. Here’s why: Your investment’s performance will largely depend on when you enter and when you exit. If you enter or exit at any given point along the path of Investment #2, the likelihood of success is greater than it would have been with Investment #1. So unless you think you can pick the exact bottom to enter and the exact top to exit, you’re far better off finding investments that have a tighter distribution of returns. The bottom line is, a buy and hold strategy in the broader stock market index just doesn’t compensate you for risk. It’s a bad investment. Stay away. “Billionaires don’t gamble - they bet on sure things.” 6
  • 7. Forbes Billionaire’s Portfolio OVERTRADING I know a lot of very rich people. And I know a lot of very successful investors. I can tell you this. None of them got rich day trading. In fact, not only can day trading be bad for your bank account, it can be bad for your health. There’s a study by a prestigious Australian University that says every hour you spend in front of a computer increases your risk of an early death by 11%. Think about that! The smartest and most successful investors think in terms of risk vs. reward, in EVERYTHING they do! A shortened life with less money is a bad trade – don’t do it. TRUSTING THE WRONG PEOPLE If you take away one thing from this book, remember this: Your financial advisor-stock broker is not your friend. I say this with utmost respect as my dad was a stock broker for 50 years. But let’s be honest, stock brokers are not as valuable as they once were. Sure, 20 years ago when there wasn’t the Internet or smartphones, you had to call your broker to get a stock quote or make a trade. Today, you can get stock quotes, currency quotes and research, on the Internet. So think twice before you hire a broker. Many investors are savvy enough to use an online brokerage account, which can cost $5 a trade. I don’t want to belabor this point, but think about this: the brokerage industry does not produce investment minds, it produces salesmen. My point is this: In many cases (I would estimate the majority of the cases) these people you trust with your money are not experienced or educated enough to watch over your money. Be aware of that. And keep in mind that brokers get paid regardless of whether your account goes up or down. In 2015, Warren Buffett’s net worth is $66.7 billion. #2 MISTAKE #3 MISTAKE 7
  • 8. Forbes Billionaire’s Portfolio Bottom line: Stay away from them and it will save you easily 2% to 4% in fees per year. On a $100,000 account, that’s as much as $4,000 more a year in your pocket. “Billionaire investors invest when they can control their own destiny... they don’t leave things to chance.” 8
  • 9. Forbes Billionaire’s Portfolio 9 BREAK AWAY FROM THE HERD AND STAND ON THE SHOULDERS OF BILLIONAIRES
  • 10. Forbes Billionaire’s Portfolio You see, unlike the average investor, billionaire investors don’t stand by and let the global economic turmoil or restrictive policies destroy their wealth. They pivot. And they capitalize! How? It’s not from focusing on the things they cannot control. But by focusing on the things they can control. Let me explain ... Billionaire investors have a unique advantage. Of course, they have a lot of money. But with money, comes power and influence. Unlike mutual fund managers, financial advisors and the rest of Wall Street and Main Street, these billionaires aren’t in the business of guessing about what may or may not happen with a company, and its stock. They are in the business of sure things. They like to control their own destiny. And that’s precisely what drives the way they invest. They find companies that have a clear need for a shake-up. Then, they buy enough of the company to take control of the wheel. “What’s the difference between a billionaire investor and you?” HOW BILLIONAIRES KEEP GETTING RICHER 10
  • 11. Forbes Billionaire’s Portfolio WHAT BILLIONAIRES DO DIFFERENTLY When you buy as much as 5% ... 10% ... even 15% of a company’s stock, YOU are in the driver’s seat. Management works for you! It’s this philosophy of taking “controlling interest” in companies that has allowed these big-time investors to put up staggering returns, year after year ... even in the worst economic climate in our life-times. To be clear, these are guys that built their wealth by investing in these types of situations. They have track records that are unmatched in investing. And their bank accounts prove it. Now, if someone told you that you could get an inside look at what is in these billionaires’ portfolios, wouldn’t you want to take a peek? Imagine how valuable it would be to know exactly what the richest, most successful investors in the world have in their portfolios. As a consultant to large hedge funds, that’s exactly what I do. I uncover these lucrative investments that allow my clients to piggy-back these investing giants. I do it for my own account. “If someone told you that you could get an inside look at what is in these billionaires’ portfolios, wouldn’t you want to take a peek?” 11
  • 12. CLICK HERE TO LEARN MORE HOW TO INVEST ALONGSIDE BILLIONAIRE INVESTORS WITHOUT HAVING A BILLION DOLLARS You get ALL of the returns, but pay none of the fees. We let these brilliant, billionaire investors do all the work and we reap the benefits. In short, through my extensive network of contacts in the hedge fund industry and among the ultra-rich, I find out... • WHO the smartest and historically best performing hedge funds are • I find out WHAT they are buying • I tell YOU WHAT and WHEN they are buying, • YOU BUY WHAT THEY BUY! It’s that simple. Consider this: These funds can often end up owning as much as 60% of the company’s total outstanding stock. They can’t afford to be wrong!
  • 13. HOW THE BILLIONAIRE’S SECRET CAN WORK FOR YOU
  • 14. Forbes Billionaire’s Portfolio Let’s start with GGP. This one is of the “home run” variety. They certainly don’t all come like this, but when they do it’s a lot of fun. My guy was buying these shares, as the world was falling apart, between 25 cents and 50 cents. (Editor’s note: the blue box in the charts represent where the funds were found acquiring the stock). So the world is imploding, and he’s pouring hundreds of millions of dollars into a penny stock – THAT GETS MY ATTENTION! This stock went up 46-fold! For those that might be slow doing the math, I understand. That’s $460k for every $10k invested. That’s a huge winner. And it also demonstrates the appeal of buying low priced stocks, which much of these guys like to do. You get more bang for your buck. Next, Dollar Thrifty … This chart really exemplifies why you need to follow billionaire investors. Dollar Thrifty, a car rental company, was very near bankruptcy. Let me restate that … this company was teetering on the edge of collapse. The investor I followed stepped-in and bought millions of shares of DTG around 35 to 45 cents a share. That gave him controlling interest in the company. Once he had control, he knew that he could impose his will on the company and turn it around. Believe it or not, this was one of those “sure thing” investments for him. WOULDN’T YOU LIKE TO HAVE A BILLIONAIRE ON YOUR SIDE? 14
  • 15. Forbes Billionaire’s Portfolio A year later, two different car rental companies tried to buy DTG. This investment ended up returning over 8,000%. That would turn a $10,000 investment into more than three-quarters of a million dollars! The interesting thing about these opportunities is that you don’t have to be a sophisticated investor to invest like one. They do all of the work. They pay all of the experts. And the average guy can get all of the benefits just by following along. WOULDN’T YOU LIKE TO HAVE A BILLIONAIRE ON YOUR SIDE? “8,000% winner! Stock picks that can make you a millionaire... overnight!” 15
  • 16. Forbes Billionaire’s Portfolio Take a look at Pulte Homes, now. The guy that was involved in this stock has one of the greatest long-term-track records of any hedge fund manager in the business. He’s averaged over 35% a year for the past 20 years. And he’s now worth about $5 billion. In this case, he became bullish on homebuilding stocks around mid 2011. His approach: To bet on a rebound in housing, he wanted to find the cheapest stock in the sector. He bought the one with the lowest book value, the lowest share price and (this is key) the most liquidity. He chose Pulte. Pulte is a member of the S&P 500, and was one of the few stocks in the S&P 500 index that sold below book value and under $5 a share. So he dove in. He purchased millions of shares around $4.25. The stock went up 200% in less than a year. This is another example of the way these billionaires trade. They want low priced stocks, because it gives them the opportunity to make multiples of their money. And you can see, in many of these cases, it doesn’t take long after they’ve built their stakes, for these stocks to start running higher. Another? How about this stock, Western Refining … Carl Ichan is one of the great billionaire investors. DOUBLES, TRIPLES, AND BEYOND PULTE HOMES WESTERN REFINING 16
  • 17. Forbes Billionaire’s Portfolio Here is another example of one of these big-time billionaire investors buying a stock below book value. I found him buying millions of shares in this gasoline refiner at around $4. He knew that if gasoline prices recovered, this stock would generate a huge return. Less than a year later, the price of gasoline jumped. And the stock more than tripled! Finally, let’s take a look at AOL. The guys involved in this play are bulldogs. They buy a controlling interest in a company, and then they like to force management to sell assets. In turn, they manufacture a return on their investment. And that’s exactly what they did with AOL. They forced the company to sell their patents to Microsoft, for more than the company’s market cap! The result … A DOUBLE in about eight months. This AOL example shows you that this type of investing can be done with even well known, large cap stocks. Now, I can assure you, the above examples are just a very small sample. This is what this type of investing is all about. It’s about consistent big winners. It’s about getting a partner on your side that is hell-bent on making money – big money … and that’s what these hedge funds that I follow represent. They have to be right. They get paid when they are right. And these plays all have to work out within their time frame –which is inside “It’s like car-pooling with a billionaire. They drive and we get a free ride.” DOUBLES, TRIPLES, AND BEYOND AOL 17
  • 18. Forbes Billionaire’s Portfolio of a year, in most cases. After all, these funds are competing for assets, but mostly for pride ... and annual returns are everything! So they can’t sit and wait five years for an investment to work out, like a mutual fund or endowment might. They buy stocks that they know they can take control of … to unlock value, to impose their will. And their will is very clear: To make money ... a lot of it. In all of my years of experience working this industry, I’ve narrowed down my investing strategy to three simple steps: Step #1: I find out who the best are Step #2: I find out what they’re buying Step #3: I buy what they buy Just follow the best and the rest is easy. These guys are rich because they control their own destiny. They do all the work for you. They put their own money on the line.. Brokers, mutual funds don’t. I’ve narrowed down my investing strategy to three simple steps: I find out who the best are I find out what they’re buying I buy what they buy Just follow the best and the rest is easy. 1 2 3 DOUBLES, TRIPLES, AND BEYOND 18
  • 19. CLICK HERE TO LEARN MORE Manage Your Portfolio Like A Billionaire Investor Join FORBESBILLIONAIRE’SPORTFOLIO • Break away from the herd. • Invest alongside the world’s best investors. • Get the billionaire advantage. • Stocks that can double and triple. Forbes Billionaire Portfolio helps average investors invest alongside Wall Street billionaires, uncovering the best ideas from the best billionaire investors and hedge funds.
  • 20. Forbes Billionaire’s Portfolio They put up huge returns every year regardless of what the market does. Just one of these stocks could let you retire rich. Most importantly, this type of investing lets you enjoy your life. Instead of staring at screens all day, take a walk, play golf, fish, play with your kids. Get rid of those computer screens that are killing you. Put simply, following the worlds greatest billionaire investors can put you on the same path to becoming rich. Keep in mind, those S&P 500 long run returns I mentioned earlier, a measly 8% per year, also come with loads of risk. Now, look at these returns from some of the great billionaire investors of our time. Carl Icahn has put up 53% per year over the past 20 years. John Burbank has returned 50% per year since 2000. David Tepper has made 41% per year since 1993. The most amazing thing about all of these great investors is that they made these incredible returns simply buying stocks. That’s it, just publicly traded companies that you and I can click a button and buy. In these cases, you are buying a stock with a huge potential return, but limited risk. This is key. For example, take Hertz (HTZ), a deeply undervalued market leading car rental company. Here, we have a stock that possesses ”asymmetrical risk.” This is what billionaire investors LOVE to see. FOLLOW THE BEST! WARNING: A lot of people want to offer you advice on how to manage your money. The BEST investors ONLY surround themselves with proven winners who have personally demonstrated success! 20
  • 21. Forbes Billionaire’s Portfolio Here’s what I mean … Hertz sells for $17 a share. Billionaire activist investor Barry Rosenstein of Jana Partners has publicly said he thinks Hertz is worth $60. Jana owns almost $1 billion worth of HTZ stock. And he has company. The legendary billionaire investor Carl Icahn owns 9% of the company. Stocks reprice on catalysts. And these two influential investors are the catalyst. Now, the downside of the stock is that it could, maybe, lose half of its value here. A lot would have to go wrong with the world and the company. But even if the stock went to zero you can only lose 100%. I should say, this rarely happens when billionaire investors are so heavily invested in a stock. So if the world falls apart you only lose 100%. If things go right you have prospects of nearly 300%. That’s a 3 to 1 risk reward trade. And trust me, there aren’t a lot of investments that offer that scenario. That is why the best investors like stocks that have this ASYMMETRICAL RISK TO REWARD opportunity. FOLLOW THE BEST! “Great investors LOVE asymmetric risk” 21
  • 22. Forbes Billionaire’s Portfolio We’ve talked about the value of following the best. What about the best OF the best? I’ve studied the track records of hundreds of billionaire investors and billion-dollar hedge funds. And one man stands above the rest, as the best investor alive. I’m sure most would consider it to be Warren Buffett. But the numbers tell a different story. In fact, the greatest investor of all-time is billionaire activist Carl Icahn. Incredibly, both Icahn and Buffett have been building their respective investment empires for over five decades. And more incredibly, they remain at the top of their profession. But Icahn has, unequivocally, shown superior skill as an investor. Consider this: Icahn has returned 31% annualized since 1968. That would turn every $1,000 invested with Icahn into $325 million today – an incredible number. Buffett, on the other hand, returned 19.5% annualized during virtually the same time period. Buffett’s growth rate over that length of time is indeed amazing too. But due to the power of compounding, the wealth creation of Buffett, from pure investment returns, pales in comparison to that of Icahn. Icahn’s investment skill has created $65 to every $1 created by Buffett. So how has Icahn been able to outperform Warren Buffett (and the broad stock market) by so much and for so long? Of course, Icahn is a dogged shareholder activist and often an agitator of corporate management. Key to his playbook is using power and influence to control his own destiny on stocks he invests in. In a study he published last year, Icahn called attention to the power of the board seat. Looking back on a recent five-year period, Icahn showed that when he secured a board seat on a company in his portfolio, he was able to create value for shareholders to the tune of a 27% gain, on average. That’s controlling your BUILDING YOUR OWN BILLIONAIRE’S PORTFOLIO “Icahn’s investment skill has created $65 for ever $1 created by Buffett.” In 2015, Carl Icahn’s net worth is $21.3 billion. 22
  • 23. Forbes Billionaire’s Portfolio own destiny. Additionally, when we look strictly across the stocks in his portfolio, we can see some common traits that have made Carl Icahn the world’s greatest investor: The media, mutual funds, CNBC, finance books — they all say having a high win rate is paramount to good investing. They tell you that the most important thing is being right. Like many widely accepted adages, it happens to be dead wrong. Billionaire iconic hedge fund investor, George Soros, says “it’s not whether you’re right or wrong, but how much money you make when you’re right and how much money you lose when you’re wrong.” Over the past 20 years, the stocks in Icahn’s portfolio have a win rate only a tad bit better than a coin toss. But he puts himself in position, so that when he wins, he has the chance to win big! They like to invest in opportunities with limited risk and huge potential return. Among Icahn’s stocks, his winners were almost twice that of his losers. Icahn became rich by taking concentrated bets throughout his career. As Buffett has famously said, “you only need one or two great ideas a year to get rich.” This is exemplified in Icahn’s portfolio. His big win on Netflix garnered a 463% return in just 12 months, between 2012 and 2013. Patience is king. You don’t have to go to Harvard or have a Goldman Sachs investing pedigree to have patience. And many times, that can be the difference between making money and losing money in investing. Icahn has an average holding period of over two years. When you hunt for big returns, you must be willing to accept drawdowns and losers. Icahn has multiple stocks over the past 20 years that have been full losers (i.e. they went to zero). But when you have a portfolio full of stocks with big potential, and a change agent at work, in the end the big winners can more than pay for the losers. Want to invest like the greatest investor of all-time? TRAIT #4 BUILDING YOUR OWN BILLIONAIRE’S PORTFOLIO TRAIT #1 TRAIT #2 TRAIT #3 23
  • 24. Forbes Billionaire’s Portfolio Below are four stocks, plucked straight from the portfolio of billionaire investor Carl Icahn. Not only can you own them too, but in some cases, you can buy them cheaper than the great Icahn. Stock #1: Apple (AAPL) This is no secret. Over the past couple of years, Icahn has famously and very publicly commented on his stake in Apple and his view on how Apple can unlock more shareholder value in the stock. And it’s worked, to the tune of more than a double in the stock price. Still, Icahn issued a research report this year stating that Apple shares are worth $240, if Apple continues to use its huge hoard of cash to buyback stock. That would be a 118% return from current levels. Icahn owns $6.6 billion worth of Apple stock, constituting 21% of his portfolio. Stock #2: Nuance (NUAN) Icahn owns more than $1 billion worth of Nuance – almost 20% of the company. When Icahn appointees (including his son) joined the board, he said he was optimistic that their impact (on the board) would have similar results to their Hain Celestial investment, a stock that quadrupled over the three years they sat on the board. Stock #3: Hertz (HTZ) As we mentioned before, Icahn owns 12% of Hertz, almost $1 billion worth. And he’s accompanied by billionaire activist Barry Rosenstein, who owns 10% of the company. Rosenstein has publicly said he thinks the stock is worth $60 or a triple from current levels. He said Hertz will be able to buy back as much as 25% of its stock, which FOUR STOCKS BILLIONAIRE ICAHN THINKS CAN DOUBLE... AT LEAST! 24
  • 25. Forbes Billionaire’s Portfolio should juice earnings and cause the stock to triple in price over the next year. With two of the best billionaire activists in the world controlling more than 20% of Hertz, this stock is a must own for investors. Stock #4: Freeport McMoran (FCX) Last month Icahn initiated an 8.5% position in FCX – a billion dollar worth – at around $12. Today the stock trades for $9. The average analyst price target for Freeport is $18 or 100% higher than the current share price. Not only is Freeport one of the cheapest stocks in the S&P 500, selling at one-third of its book value, but you can buy it cheaper than the price Carl Icahn paid for his shares. FOUR STOCKS BILLIONAIRE ICAHN THINKS CAN DOUBLE... AT LEAST! 25
  • 26. Forbes Billionaire’s Portfolio HOW TO MAKE $26 MILLION Before I go on, I want to emphasize the extreme value of these types of returns I just mentioned. The difference between 50% per year and 8% per year, when you account for the compounding effect over years of time is extraordinary. It’s the compounding effect of those types of returns that builds wealth. And that’s exactly why these guys are billionaires. This is exactly why I’ve chosen to align my financial future and my career with these proven investors. In fact, I’ve done, to my knowledge, the most thorough research on the investing performance of billionaire investors and activist investors. I have a huge database of investors and I have the good fortune of having access to the most sophisticated and expensive technology that Wall Street has to offer. Plus, I have a very lucrative network of contacts, among them, some of these billionaire investors themselves. In short, over the years I’ve tested portfolios of these top managers through millions of iterations, and I’ve narrowed down my top guys – my team. And I went back through every single stock pick these guys made over the past 25 years. What I found was truly amazing. The Research = Big Results If you would have followed every single stock pick “The difference between 50% per year and 8% per year, when you account for the compounding effect over years of time is extraordinary. It’s the compounding effect of those types of returns that builds wealth. And that’s exactly why these guys are billionaires.” 26
  • 27. Forbes Billionaire’s Portfolio these investors made over the past 25 years, you would have returned an amazing 42% per year on your money. But this is even more impressive … If you bought the dip on these investors, the past 12 years would have returned you 82% a year. That’s buying the stocks they own a third cheaper than what they paid for them. The results are huge! That can turn $20k into $26 million in twelve years … or $20k into $1.2 billion in 30 years. And don’t forget, this is during the worst single period ever in the history of the stock market. Those are big numbers. And guess what. It can be done. There is living proof right in front of us, with every one of these self-made billionaire investors. SECRETS OF BILLIONAIRE INVESTING Disclaimer The Little Black Book of Billionaire Secrets is strictly an informational publication and does not provide individual, customized investment or trading advice to its subscribers. Although many of our analytical approaches are unique, they are based on publicly available data. Any opinions, news, research, analyses, prices, or other information contained on this ebook are provided as general market commentary, and do not constitute investment advice nor a solicitation. We are not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have taken reasonable measures to ensure the accuracy of the information on the ebook. The content on this ebook is subject to change at any time without notice. “You only need a few ideas to be fabulously wealthy.” 27
  • 28. They invest in things they know very well. 2 1 They want to be in situations where they can control their own destiny. When possible, buy these same stocks at a discount to what these billionaire investors paid, and get an extra kicker. Hold stocks until they return 300% to 500% - and sell them (or do what I do, sell when the billionaire investors sell). Sit back and enjoy the power of compound interest. Only buy stocks that the world’s best billionaire investors own. 3 4 5 6 7 7 SECRETS OF BILLIONAIRE INVESTING Billionaire investors bet on sure things.
  • 29. Forbes Billionaire’s Portfolio WILLIAM MEADE CO-FOUNDER William started his career with Wood Asset Management. Wood Asset Management was a $1.5 billion institutional asset management firm and hedge fund, founded by Gary Wood, a former Goldman Sachs Partner and Harvard MBA. At Wood, William helped manage equity and fixed income portfolios for major university endowments, Fortune 500 pension funds and super high net worth clients (including 2 billionaire families). Next, William was Director of ETF and Mutual Fund Research for Zacks Investment Research in Chicago. At Zacks, he worked with founder Len Zacks, a PHD from MIT, in developing and maintaining a proprietary model that ranked over 20,000 ETFs and mutual funds. This model was viewed and used by over 150,000 people monthly, and was published in US News and World Report, and featured on CNN, Yahoo Finance, and Fortune.com. William received a Masters in Economics from Johns Hopkins University, including PhD level coursework in International Economics. At Johns Hopkins, Mr. Meade was taught by economists from The Federal Reserve and Department of Treasury. While at Johns Hopkins, Mr. Meade consulted for a top hedge fund in Washington, DC. BRYAN RICH CO-FOUNDER Bryan is the founder of Logic Fund Management, a macro-economic and global investment research, consulting and advisory business. At Logic, he has advised hundreds of thousands of investors from over 80 countries on global macro investing issues. Prior to founding Logic, Mr. Rich was a senior trader with Integra Investment Management, a 2005 nominee for Global Macro Hedge Fund of the year. He started his career with Traval, a family office macro hedge fund that managed assets for a wealthy European family. He has worked in London and on Wall Street. He also consults as an expert in global currency strategy, and has run equity and economic research groups for a leading independent research company. He holds an MBA from Rollins College. ABOUT THE AUTHORS 29
  • 30. CLICK HERE TO LEARN MORE Manage Your Portfolio Like A Billionaire Investor Join FORBESBILLIONAIRE’SPORTFOLIO • Break away from the herd. • Invest alongside the world’s best investors. • Get the billionaire advantage. • Stocks that can double and triple. Forbes Billionaire Portfolio helps average investors invest alongside Wall Street billionaires, uncovering the best ideas from the best billionaire investors and hedge funds.