Bonner & Partners Investor Network interviews Paul Sullivan on what separates lasting wealth from simply having money. Drawing on conversations with ultra wealthy investors, he argues that savings habits, risk management, and financial behavior matter more than stock picking. One striking finding is that the “One Percent” save 30% more for retirement than everyone else.
How to Get on the Right Side of the “Thin Green Line”
Bonner & Partners
Paul Sullivan
Research
8 Pages
Key Takeaways
Optionality Matters Most: Tiger 21 requires members to have at least $10 million in net worth, yet many focus more on cash reserves and flexibility than on specific investment selections.
Retirement Margin Of Safety: Sullivan recommends targeting a funded ratio of 125%, meaning retirement assets exceed projected liabilities by 25% to better absorb unexpected shocks.
Costs Compound Quietly: He suggests keeping portfolio expenses below 1%, noting his own portfolio costs roughly 50 to 70 basis points through a focus on low cost funds.
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