Nearly 20 years ago, in my reporting days, I remember interviewing a couple of guys who started a business selling prescription medicines for pets over the Internet.
Today, we’d say “ho-hum.”
But in 1998, this company was edgy. As you probably know, animal prescription drugs are as tightly regulated by the FDA, DEA and state authorities as human drugs are. I was intrigued, but I remember the doubtful looks of my newsroom bosses: “Sounds risky,” one said. “They’ll never make it,” said another.
The story died on the vine. But the company did not. It grew and grew. Today, it’s a $400 million company.
What’s my point? Sometimes the biggest chance you can take with your wealth … is taking no chances at all.
Without taking judicious, well-researched “chances” such as:
- Buying stock in rapidly growing companies
- Buying gold
- Buying international real estate
