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Neal: NBA legend Shaquille O’Neal reveals Amazon founder Jeff Bezos’ investment tactics that are now his mantra

NBA star Shaquille O’Neal said an investment idea he learned from Amazon founder Jeff Bezos has inspired his approach ever since.

Online platform Top Shot makes a fortune by selling short videos of dramatic scenes from games.

Collecting short videos

Thousands of fans are flocking to the Top Shot online platform to buy short videos of dramatic scenes from professional basketball games as the new virtual marketplace is a runaway hit with collectors, sports fans and art lovers. To the untrained observer, one video clip showed NBA superstar LeBron James in one of his most spectacular moves; but this lasted no more than a few tens of seconds. However, it became an instant collector’s item on Top Shot, selling for a mind-blowing $208,000 on Monday.

O’Neill recalled that at a tech conference in Vegas, he heard Jeff Bezos say, “If you invest in something, it will change people’s lives, you will definitely make a good return.” Offering his dime, O’Neal said that he never thinks about money, as it is not important to him.

Shaquille O’Neal went on to say that investing is based on one premise: faith.

He said, “Suppose you believe in the product. Will it affect people’s lives? The NBA star said that’s all he cares about. O’Neal found success off the court after ending his 19-year basketball career in 2011.

The 50-year-old was one of Google’s early investors and has since amassed an extensive portfolio. Shaquille O’Neal also started his own brand of fast food restaurants.

Last week, the NBA Hall of Famer said his investment inspiration scared him away from applying to own the Phoenix Suns. You can’t compete with Jeff Bezos, he says. He was curious. His audience was fascinated.

When asked what investment ideas the basketball player-turned-investor is excited about, O’Neal said that he has a lot of things on his desk every day, but he refuses a lot of them.

Frequently asked Questions

Who is Shaquille O’Neal?
Shaquille O’Neal is a former American professional basketball player who is now a television sportswriter.

When did pre-season play begin in the NBA?
The 2022 NBA preseason began on September 30.

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