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TSME #034: Billionaires vs. Millionaires
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:14:23
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Sinopsis
Owning and investing in the stock market requires that you believe that there are companies making money whose profits are going to go higher in the future. Many people think you would want to buy a stock at $7 and wait for it to raise $700 to get rich. However, this rarely happens. Instead, you should buy stock from companies that are already doing well, that are earning billions per quarter and annually. When they are earning high revenues, wall street rewards them with a higher stock price. There are more an more billionaires today because there are many companies who are doing extremely well, and their executives and investors are benefiting. For example, the company Oracle (ORCL) was founded by a man named Larry Ellison, who is now worth 43 billion dollars. Oracle has seen consistent revenue growth year after year. As the founder, Larry Ellison owns a number of shares of the stock, and it has made him a billionaire. When someone is a great innovator and they have the good fortune to be backed by wa