Ben Felix
True financial success depends on using one framework in two arenas: control what you can in your business through ownership and execution, and accept what you cannot control in markets through humility and diversification.
Retaining as much ownership of your business ventures as possible is a central rule for generating substantial wealth.
Strong execution of an unoriginal concept can generate more money than a brilliant idea that is poorly implemented.
Because financial markets are highly efficient and already incorporate expected growth into current prices, attempting to beat the market through stock picking is comparable to gambling.