My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
Most people should focus on starting and selling a business rather than stock picking for wealth building
Evidence
Historical difficulty of beating market returns through stock selection vs. documented wealth creation through successful business exits
Implication
Investment education should focus on index fund basics while business education should focus on company building and exit strategies
Counter Belief
Diversified investment strategies across multiple asset classes provide better risk-adjusted returns than concentrated business ownership
Example Application
Young professional chooses to start a business with 90% of focus and invest remaining cash in simple index funds rather than learning complex investment strategies.