Build wealth as a by product of your business success. If wealth is your only objective in business, you will probably fail.
Interpretation
Prioritizing business success over wealth is essential for achieving lasting prosperity.
J. Paul Getty emphasizes that true wealth comes from focusing on succeeding in business rather than merely chasing money. If one is solely driven by the desire for wealth, it often leads to poor decision-making and eventual failure. The quote suggests that passion, commitment, and success in your business endeavors will naturally lead to financial rewards.
In practice
During a business seminar focusing on entrepreneurial mindset.
Today's dissenters mainly focus their attention and expend their energies on the most inconsequential of trivia. ...Allegedly serious intellectuals quibble endlessly over such ridiculous trivialities...In the meantime, the public is lulled into a perilous somnolence, spoon-fed pap, and palpable untruths, many of which are turned out by special-interest and pressure groups and well organized propaganda machines.
You must not only learn to live with tension, you must seek it out. You must learn to thrive on stress.
In times of rapid change, experience could be your worst enemy.
The #1 guideline to success is you must be in business for yourself. When you work for someone else, you sell your time at wholesale to your employer, who then re-sells it at retail to the customer.
Patience; this is the greatest business asset. Wait for the right time to make your moves.
There is only one way to make a great deal of money; and that is in a business of your own.
People pay a million dollars to be recognized, but nobody cares about them. They cared about me because I did things other men were afraid to do. That's why my fans identified with me.
Success is ninety-nine percent failure.
Went from most hated to the Champion God Flow,_x000D_ _x000D_ I guess that's a feelin' only me and LeBron know.
My success, part of it certainly, is that I have focused in on a few things.
We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good investments and that you wanted to be in good investments, and therefore, you'd just find a few of them that you knew a lot about and concentrate on those seemed to me such an obviously good idea. And indeed, it's proven to be an obviously good idea. Yet 98% of the investing world doesn't follow it. That's been good for us.
It's insane to me to ask anybody to be what they're not. Know what you know the best, love the most. That's always going to be the answer to the thing that you have the best shot at winning at.
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