Customer Quote by Thomas J. Stanley
““millionaire has told me that true diversity has much to do with controlling one’s investments; no one can control the stock market. But you can, for example, control your own business, private investments, and money you lend to private parties. Not at any time during the past thirty years have I found that the typical millionaire had more than 30 percent of his wealth invested in publicly traded stocks. More often it is in the low-to-mid-20-p””
About This Quote
Source Book: The Millionaire Next Door by Thomas J. Stanley and William D. Danko, 1996
Wealth is built by controlling personal investments, not the unpredictable stock market.
In simple terms: Control personal investments.
Key Takeaway
Diversify personal assets.
Themes
finance
wealth
control
Mood
practical
analytical
Type
financial
educational
When to use this quote
- business ownership
- private lending
- personal finance
Key Concepts
investment strategy
risk management
Questions to Reflect On
- How can you increase control over your assets?
- What investments suit your risk tolerance?
A Different Perspective
Market volatility can still affect private ventures.
