Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC

Amazon founder Jeff Bezos recently backed Liverpool Football Club (FC) by purchasing a 38% stake in the team from its current owner Fenway Sports Group. The consortium 1892 Holdings, led by Bezos, British-Indian businessman Amit Bhatia, and Facebook co-founder Eduardo Saverin, acquired the stake for approximately £2 billion ($2.7 billion).

This investment comes as part of a long-term strategy, with the possibility of gaining majority control within a year. Bezos, who is the third wealthiest person in the world with a net worth of $273 billion, is following the investment philosophy of his mentor, Warren Buffett. Buffett, the legendary investor and chairman of Berkshire Hathaway, has long advocated for a "get-rich-slowly" approach, emphasizing the benefits of investing for the long haul instead of trying to outperform the market through individual stock picks.

Bezos once asked Buffett why more people don't follow his investment strategy, to which Buffett famously replied, "It's easy. My approach is a get-rich-slowly scheme." Bezos has adhered to this philosophy, as he believes that thinking in terms of seven years rather than three and deferring gratification can give him an advantage over competitors.

As part of his investment in Liverpool FC, Bezos is betting on the team's potential to bounce back from a fifth-place finish in the top flight last season and to regain their strength after the recent sacking of their manager, Arne Slot.