Most business owners that I know aren't entirely focused on making money or on the financial rewards, but nevertheless, creating economic security for you and your family is a vital part of why you started your business in the first place. So whether you sell your business in the future or simply use it as a vehicle to build your personal wealth, having some deep insight into the world of money and financial success can never be underestimated. So, I couldn't think of anyone better to round off the year than our guest, Victor Haghani.  His background and experience are highly impressive. From graduating from the London School of Economics through his time in investment banking on Wall Street, he was a founding member of one of the most celebrated hedge funds in the world, Long Term Capital Management. After that blew up in spectacular fashion, he went on to try numerous different roles and is an entrepreneur who knows the ups and downs of business life intimately. As Victor explains during our conversation, he's made money, he's lost money, and he truly identifies with what it takes to be a successful entrepreneur, both from a financial viewpoint and also from a business and personal one. He’s recently published a fabulous book called The Missing Billionaires, and I recommend it as part of your essential toolkit for understanding the important aspects of personal wealth. It’s often said that keeping money is harder than making money, and the numbers that he quotes are staggering. It seems that the vast majority of the wealth that successful entrepreneurs have created over the last hundred years or so has disappeared for multiple reasons. He explains some of the key strategies and tactics that you can embrace in order to preserve wealth within your family, both now and for future generations. He also shares a fascinating experiment that concluded that most of us, even experienced professionals, struggle with basic decision-making principles around money and risk. Towards the end of our conversation, Victor breaks down the precise steps you should take to make smart decisions with your money. Links: The Missing Billionaires: A Guide to Better Financial Decisions The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits) The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio Where Are the Customers' Yachts? or A Good Hard Look at Wall Street: 32 (Wiley Investment Classics) Beneficiary, The: Fortune, Misfortune, and... by Scott, Janny Where are all the Billionaires? & Why should We Care?: Victor Haghani at TEDxSPS Coin Flip - Elm Partners This podcast is produced by GR Media Sponsored by Capital Asset Management