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Successful Investors: What's Their Number One Secret?

First, what according to 5 great investors, "The key to successful investment is?"

1.“If you double the number of experiments you do per year you’re going to double your inventiveness.” – Jeff Bezos

2. . "An nvestment in knowledge pays the best interest." - Benjamin Franklin.
3. "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett.
4. How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen.
5. You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch

" The success template is already there. It is with those who are a success. If you are close to one learn from close quarters,  but if you are not close to one and  you can't figure out a way to have access then read and learn. Either way you are going to save yourself wasted years of having to wander, fruitlessly, in the woods. Focus on first learning everything you could about the business you wish to go into. But don't spend a life time just learning without taking the leap. Find out;

1. Is it going to fill a need?

2. Are you passionate about it? Because if you are not passionate about it, you may find it difficult to find the way when you run into a hitch.

3. If what you are passionate about is going to fill a need, where are those with this peculiar need? Can you reach them at the lowest of costs and easily too?

4. If you could take care of 1-3 above then get started and continue to learn on it.

Continue to study with greater emphasis on learning to know the habits of successful people in business. How many are in the business you want to go into? Learn from them and learn from successful people in other businesses too. Success has few fundamentals that are the same in all human endeavors. For instance Goodwill."- (From The Book,  "Answers  To Life's Frequently Asked Questions").

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