The Passing of Kobe Bryant an Investor Extraordinaire

Ayvio Marketing

30 January 2020

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Kobe's Legacy

All of us at Ayvio, like the rest of America, were saddened to hear of the passing of Lakers legend Kobe Bryant. In what was a terrible accident, Kobe, his daughter Gigi, and seven others’ lives ended way too soon. Words cannot express how his wife and other daughters must be feeling during this time, and America is mourning the loss of a great player.

 

In reflecting on Kobe’s life, one aspect that many people don’t know is that he was an avid investor. Having co-founded Bryant Stibel, Bryant turned a $6 million investment into $200 million through Bodyarmor. His firm invested in well-known companies like Tile, The Honest Co., Simpli, and others.

 

An interviewer once asked Kobe what his legacy will be: basketball or investing? Kobe preferred his legacy to be his investment career because it was more meaningful intergenerationally than winning championship after championship.

 

In honor of that desire to be known as a businessman in addition to an epic basketball player, let’s take a look at three investment principles Kobe believed in (these apply whether you’re buying businesses or renting out Airbnb homes).

 

Investing Requires Patience And Teamwork

 

Investing takes time to see meaningful gains. Most of the time, you’re not going to put your money into anything, be it a stock or house, and magically see massive increases overnight. Investing requires patience and teamwork. You need to be able to see your plan through and work with the right people to make your goals a reality.

Best Practices

Invest In Businesses You Understand (Or, Learn About Businesses In Which You Want To Invest)

 

Bryant believed that you should invest in companies and domains that you know. Or, if you want to invest in a particular area, you should learn about it. Don’t pick something just because everyone else is doing it. Do your research and understand the market. If you’re not an expert in the company’s market, no problem – you can enlist the services of someone knowledgeable in the space to help guide you.

 

Invest In Friends And Family, Don’t Give Handouts

 

Kobe had many exciting insights into leadership and money. In a letter to his younger self, Bryant said that if he had to do it all over again, he would invest in people around him instead of giving them free money. The reason he cited was that giving them money is “adding material things to their lives, but subtracting the most precious gifts of all: independence and growth.”

 

Instead of giving money, he suggested investing in them. Invest in their dreams and their aspirations, not just buying them a new car cause you can. Kobe was big on growth, goals, and achievements. Investing in people lets them achieve greatness.

 

Kobe Had Significant Investing Success

 

Kobe’s investing guidance was simple and straightforward. The concept of investing was a way to achieve dreams, be a leader, and help others along the way. Whether you’re investing in Airbnb properties or you’re starting a business, Kobe’s investment advice rings true for everyone.

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