Summary: As a decision-making algorithm, I use the Reverse The Perspective Technique to overcome status quo bias. The method helps you make rational decisions towards crucial choices with a future version framework. When you assume you have already made the selection for either option and question whether you would reverse the decision if you had the chance, you discover what the heart wants. It can take a lot of willpower, but the technique allows you to make smart choices in the face of difficult alternatives.

Introduction

In January 2021, I needed to take a decisive position on the head office location…


Summary: 2020 has been the most successful year so far at 10x Value Partners. In its core, the recipe of our success is the value investing approach. Now, our opportunity universe has expanded greatly and we are ready for the next level: Building 10x VP into a multi asset class investment manager.

2020 has been characterised by high degrees of uncertainty and chaos. 10x VP is committed to capitalise on opportunities during all market times. …


It took me over 15 years of hard work and set-backs to become a millionaire (albeit I was still in school and college for most of it). I’ve started my journey selling Pokemon cards on Ebay and now I’m moving millions in the world of tech and real estate. Through this journey I’ve discovered a pattern that I believe offers a fast track to becoming a millionaire or even more.

If I were to lose all my money tomorrow, I think I could be a millionaire again after 1–2 years following this principle. I think anyone can make it in…


Summary: Ultimately, winning in life comes down to two things: (1) Having good options to pick from and (2) picking the right ones. To this end, I’ve created a framework called “Opportunity Universe” that can help you think through your opportunities in a systematic manner. Moreover, I’ve developed an approach for choosing the right opportunities based on your capabilities, market forces and your passions. Following this approach, you will be able to pursue the right opportunities and be successful doing so. While this article focuses on career success, you can ultimately use this framework for all domains of life.

Introducing the Opportunity Universe

First…


Summary: Many people strive for success as an entrepreneur, yet few succeed. One of the main factors driving success as an entrepreneur is the ability to control outcomes. However, to achieve this, entrepreneurs must first do one crucial thing: Assume responsibility.

Let’s first look at the lives of people who do not have this trait: People blame the job market for their unemployment. Managers blame their staff for missing deadlines. And people blame their Uber drivers and traffic for showing up late to an appointment.

All of these examples have one thing in common: The people blame others for the…


Summary: Fundamentally, wealth creation depends on two things: Providing value to customers and capturing part of it. In this article, we will study how to pursue opportunities to create billion-dollar businesses. Essentially, there are two ways to go about: Firstly, you can become an “Aggressive First Mover” in a newly emerging industry. Secondly, you can use a technique called “Element of Certainty” to become the “Contrarian Last Mover” for less obvious, but equally interesting opportunities in a more developed sector.

Quite frequently, people ask me how to find a great business idea. This question is important for both people who…


Summary: Success in a start-up can often be achieved by thinking big and going after very ambitious goals. In this article, I will describe a three-step process for entrepreneurial achievement: First, establish a baseline of your current goals. Then, elevate your thinking to what seems impossible. Finally, retrace a new baseline that represents the sweet spot between the old baseline and “Beyond-Possible.”

The virtue of seeing as a novice.

Five years ago, when I joined Rocket Internet as Managing Director for one of their portfolio companies, I had a reputation for being very ambitious and sometimes even asking for the impossible from my staff. This mindset was…


Summary: Success in life and business ultimately depends on the quality and speed of decisions and their implementation. This article sheds more light on this profound insight and guides readers on how to reach more success.

Recently, I was having dinner with a friend working at a large private equity fund. He told me an interesting story about a buy-out deal and three people: A founder selling his company, the partner of the private equity fund and the partner of a Big4 accountancy.

All of them were in a room to discuss the final details of the deal and all…


A few weeks ago, I put my last notes into the thick, worn-out leather notebook that was given to me on my first day at Rocket Internet five years ago. This notebook had always accompanied me during my travels in Asia, when I was building an e-commerce group from 10 people in Pakistan to 400 people in 5 Asian markets and more recently when I was in charge of finding new ideas for Rocket’s incubator and making investments as part of Rocket’s investment team.

Personally, I started earning my own money from side hustles when I was 8 years old…

Christian A. Schröder

Founder & CEO of 10x Value Partners. One of the world’s most successful angel investors. Follow me to learn my secrets.

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