The poor are poor, the rich are rich

Chapter 110 2 Good at taking risks, propping up a wealth building

Chapter 232 is good at taking risks and propping up a wealth building

Taking risks is one of the most valuable spirits of investors. Without taking risks, there will be no rising wealth buildings.But investors who are really good at taking risks always take risks worth taking, and then try to reduce the risks.

Taking risks is a science, and people who are good at taking risks are those who know their minds well. They not only have a certain understanding of themselves, but also the market they invest in.Given this, it should come as no surprise that they make bold, out-of-the-ordinary choices.American oil tycoon Paul?Getty is a "King of Adventure."

American oil tycoon Paul?Getty, known as the "God of Adventure".After Getty returned to the United States after graduating from Oxford University in 1914, it coincided with the era when the American oil industry was in the ascendant.Getty found materials on petroleum to study carefully, and after some investigations, he resolutely went to the petroleum industry to take risks.He started his adventure after borrowing a sum of money from his father. In 1916, Getty led a drilling team to Muskogee County. After rigorous surveying, he rented a piece of real estate at a price of US$500, and decided to test oil wells here.After more than a month of hard work, the first oil well was finally drilled, producing 720 barrels of oil per day.Since then entered the oil industry.In this year, he and his father founded the "Getty Petroleum Company" in partnership.In less than a year, he earned his first million dollars, when he was only 23 years old.

In 1919, with a more adventurous spirit, Getty moved to southern California for his new venture.But the initial efforts failed. The first well drilled here was actually a "dry hole" without a drop of oil.But he was unwilling to fail, and obtained the lease right in a small field that had not yet been discovered by others, determined to continue drilling.However, this small field is too small, only slightly larger than a small house, and there is only a narrow road to enter it, and trucks carrying supplies and equipment cannot drive in at all.He took a worker's suggestion and decided to use a small drilling rig.Together with the workers, he carried the materials and equipment to this narrow land piece by piece from a long distance, and then reassembled the drilling rig by hand.The office is set up on the mud-stained car, and after more than a month of hard work, the gas is finally pumped here.

He then moved to the southern suburbs of Los Angeles for new drilling.It was a greater venture, for large sums had been spent in land, equipment, and other preparations, and if he did not succeed here, the wealth he had already earned would be ruined.He personally served as the drilling supervisor and fought on the drilling platform for more than ten hours every day.Drilled into 3000 meters, no oil was found.Drilled into 4 meters, still no oil.When hitting 000 meters, the oil finally came out.Soon, the drilling of the second well was completed.

Although Getty's adventure failed, he never gave up. In 1927, he drilled four simultaneous wells at Cleaver and was successful again, earning an additional $80.At this time, he established his own oil storage and refinery. When his father died in 1930, he had personally saved millions of dollars.In the years that followed, opportunities often accompanied Getty.Nine out of ten of the leased land he bought would come out with oil.

In fact, taking risks accompanied Getty's career until he became a world-renowned wealth tycoon.

Investing requires risk, wealth requires risk.There are two types of adventurous people: one is what we often say that the ignorant have no fear, just like a newborn calf is not afraid of a tiger. This kind of person is brave, but with too much luck, the possibility of success is naturally very small. The above story Mr. Wang in the movie is such a person.

The other is knowing that there are tigers in the mountains, but walking towards the mountains.This kind of person has enough awareness of risks, fully understands their own factors, and pre-conceives corresponding plans for possible situations. Obviously, this kind of person is truly adventurous and has a great chance of winning wealth.

(End of this chapter)