Michael Sonnenfeldt - Post-Liquidity Ultimate Wisdom

What We Discussed:

00:00:37: Introduction of Michael, Founder of Tiger21

00:01:53: Discussion on investors

00:02:05: Challenges of investing

00:02:39: Handling Success and Entrepreneurship

00:04:17: Discussion on Turning into an Investor after Being an Entrepreneur

00:06:44: Setting realistic passive returns

00:18:49: Discussion on Family Offices

00:23:49: Michael's personal motivations and the foundations of his success

00:24:55: Michael's ambition and challenges in the early years

00:27:37: Michael's personal experience of hearing loss and its impact on his life

00:28:53: Reflection on the role of luck in building businesses

00:29:04: Discussing the Role of Luck in Success

00:32:46: Overcoming Responsibility and Trauma After Business Success

00:34:46: Navigating Early Success and Future Ventures

00:39:46: Balancing Entrepreneurship and Introspection

00:43:59: The Intersection of Politics, Philanthropy, and Investment

00:49:02: Discovering Philanthropy

00:55:14: Importance of Travel and Cultural Awareness Post-Exit

00:56:22: Passion for Art, Photography and Fashion

00:58:00: Building a Large Photographic Archive

00:58:44: Handling Estates of Important Photographers after they Pass On

00:59:40: Estate Management of Deceased Photographers

01:00:20: Fulfillment in Life

01:01:41: Artwork and Business

01:02:37: Loneliness After Founders Exit

01:03:10: Isolation After Wealth Creation

01:05:10: Inherited Wealth Management

01:06:02: Shift in Wants After Selling Business

01:09:36: Turning Down Family Members' Investment Requests

01:12:07: Generosity Vs Enabling Bad Behavior

01:12:47: Parenting with Wealth

01:14:50: Responsibility Coupled with Inherited Wealth

01:15:14: Preparing Children for Inheritance

01:16:30: Selecting People to Surround Yourself With

01:20:15: Striving for a Life of Meaning and Purpose

01:24:50: Evolution of Tiger Organization and its impact

01:26:54: The Experiences and Learnings from a Long Term Marriage