It is often those who are not afraid of losing money that have the greatest ability to make money. See, what people don’t understand is that making money is just a side effect of making a series of wise investments. A lot of times, it is necessary for one to experiment greatly in order for them to make the maximum amount of money from any given investment. This is something that a lot of investors like to bypass when in all actuality, these detours and lessons are absolutely essential for the growth and prosperity of your business. It is better to make the difficult investments that you believe in now as opposed to later.
When Adam Sender made his first investment in the world of art, he had no idea if it would eventually pay off or if he would fail. Being that his first investment was a photograph that cost over $100,000, a lot of people were blown away by his ability to put such an enormous value on beauty and originality.
It is not the easiest thing in the world to follow your passion and your heart, yet, when you are able to follow your heart and make lots of money as well, it not only lead to lots of money, it can lead to a natural admiration of you by others in your world.
Over the years, Adam Sender has invested in hundreds of businesses and most of them have done extremely well. It is his desire to invest in businesses that are extremely volatile that has given him his success. Most people see volatile businesses as something that should be strayed away from, when nothing could be farther from the truth. When a business is volatile, it ultimately points to the fact that it is a business that not only has a potential to lose a lot of money, it also has the potential to gain a lot as well. The real problem comes in businesses with very little volatility at all. Those businesses are more along the lines of a bank, with a bank, you put your money in and you pretty much get out of it what you put in. With a volatile business, you pretty much get either really rich or you lose your investment, there really isn’t any way around it.
While making himself nearly a billionaire with his hedge fund, he has opted to pour money into art, not because he needs to but because he wants to. It is almost as if he invests in businesses for the sole reason of making money and invests in arts as a way for personal freedom and expression because frankly, he doesn’t make very much money selling his art, although he has sold a few of his pieces for in excess of $20 million.