Most decamillionaires attribute their wealth to owning and investing in their own, rather than in other people’s, businesses, which include the ones listed on the various stock exchanges. The millionaires state that they can control their own businesses, but they can’t control or dictate policy to public corporations, let alone determine prices in the stock market. Most will also tell you they believe they are better able to operate a particular type of business than anyone else. The “particular type” is the key element here. Successful risk takers are market nichers – they do things that others do not do, or, at the very least, they do things in a market area where there are few competitors.
- Dr. Thomas Stanley’s Research via The Millionaire’s Mind
Related posts:
- The Three Ways of Making Money In Business
- Here Is One of My Secrets to Making Money (Or, How I Once Bribed Women to Code for Me with Diamonds, Rubies, and Chanel)
- The Bosendorfer Strauss Grand Piano – A Real Life Lesson in the Time Value of Money
- “Dreams Become Reality One Choice at a Time” – A Lesson on Life, Business, and Money
- A Perfect Example of Why Most Investors Have Terrible Returns on Their Money
- Scared of Stocks, Young Investors Park Money in Cash
- Virgin Money Social Lending – a New Revolution in the Debt Markets
- 101 Things Every Investor Should Know About Stock and the Stock Market
- Creating and Using Synthetic Equity to Make Money
- How Much Money Does It Take To Be In The Top 1% of Wealth and Net Worth in the United States
I'm a private investor who loves architecture, furniture, clothes, history, philosophy, books, cooking, and music as much as I do finance. 
