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.