The media has glorified many rich folks, placing them on pedestals as business gurus because they happened to have made multi-millions, even billions in business. Yet these men have never really operated, rather than supervised a business.
They may have started a business and received stock certificates which have become very valuable. But they have never truly run a business. The public can be easily duped by the difference simply because they see lots of wealth.
I find there is a difference. There are some who actually have run businesses. Sam Walton who originated Walmart was one.. People who open up and close the premises, and who do the hiring and make up the payroll.
I know the effort and expertise involved as I started and operated a one office enterprise that expanded to 74. There were stock certificates involved because it became a profitable public company. But that takes other expertise as well.
If you oversee just the stock price and merge companies and buy others, you are a different sort of business person. The public too often makes no distinction and hands out the same plaudits.
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