How To Make It Into The Forbes 400 List : Do This First – Mark Hulbert:””https://lnkd. . .

How To Make It Into The Forbes 400 List : Do This First - Mark Hulbert: https://lnkd.in/gwVRazfR : If you think the #stock #market is the ticket to membership on the #Forbes 400 list of the #richest #Americans, you are mistaken. In fact, most of the #ultra-#rich are on the list NOT because of their #stock-picking or #market-#timing #skills but because of their #entrepreneurial efforts. They turned to the #stockmarket after their #fortunes were made, with what appears to be the relatively modest goal of maintaining long-term #purchasing power. Of the 400 members on the 2022 list, 275 were classified by the magazine as “self-made” — or about 70%. Consider the chart below, which reflects the 1-to-10 scale that #Forbes used to rate the 400 members according to how self-made they were, with 10 being totally self-made. The largest grouping — 38% of the list members — received a rating of 8, meaning that they were “self-made [but] who came from a middle-class or upper-middle-class background.” This year’s large majority of ultra-rich being self-made is in line with previous years’ lists, but it’s worth highlighting because it provides a valuable reality check on the #myth that’s taken hold of many #investors — especially those in #GenY and #GenZ, as well as some adherents of the so-called FIRE early #retirement movement — that the stock market is an engine that can create Forbes-400-scale #wealth. -- BRINT.com: We Create the Digital Future™. You Can Too! Let's Show You How! 30 Years of Digital Future: https://lnkd.in/gUkSsbub: Global Impact Since Early 1990s: https://lnkd.in/eZme7G2 : Fast Company: "If BRINT doesn't have it, then you probably don't need it." InfoWorld: "Best web site for keeping up with hi-tech industry developments..." Forbes: "Tool for raising your company's IQ..." Fortune: "Thumbs up for this serious surfer's tool useful for managers..." Bloomberg Businessweek: "What every CEO should know..." Bloomberg Businessweek: "Best business information source..." Computerworld: "Best site for information technology and business information..." CIO Online: "Wealth of incredibly rich, useful and interesting information..." InformationWeek: "Unparalleled in depth and relevance for business research..." The New York Times: "Invaluable for applying complexity theory to business management..." The Wall Street Journal: "Complexity theory made easy..." Fast Company: "Best source for knowledge management and intellectual capital..." InfoWorld: "Best web site on the topic of knowledge management..." The Wall Street Journal: "Contemporary business management and technology issues..." The Wall Street Journal: "Pool of largest collection of knowledge management literature..." The Wall Street Journal: SHRM: "One of the best HR sites on the Internet..." -- Silicon Valley's Next Big Thing™: CEO-CxO Know-Build-Monetize™ Networks: Join The CEO Metaverse™: Global Risk Management Network, LLC: Future of AI-Computer Science-Data Science-Finance Are All Here