In Risky Markets, Follow the Behavior of the Ultra-Rich, Not the Rich.

19 April 2007 - Recently, there was an article on CNNMoney that spoke about the “secrets” of the elite rich in the United States. For an article that proclaimed to contain secrets about building wealth, it contained some of the most ridiculous, deceptive statements about building wealth that I’ve ever read. In turn, several articles were written about this article, including one that stated that the richest of Americans “built their wealth with diversification, wealth preservation and strategic growth.” That is a ridiculous statement in itself because two of those strategies, diversification and preservation, do not help build wealth.

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1 comment April 19th, 2007