Wealth researcher: "You will hardly find anyone on the Forbes list who became rich investing in stocks." Thoughts? - Wealth researcher Rainer Zitelmann: "Yes, Warren Buffett is sometimes mentioned as an exception, but he is indeed an atypical investor in many ways and known for his active investment approach. Besides Buffett, you will find **very few individuals** on the Forbes list who haven't become wealthy through entrepreneurship and owning their own companies.

There is a dissertation that was conducted at the University of Potsdam, which scientifically examined how the wealthy achieved their wealth. The findings once again confirm that the majority of them have become rich as **entrepreneurs**. Indeed, 48 percent of respondents stated that real estate also played a significant role in wealth accumulation, but only 10 percent considered real estate as the most crucial factor in their wealth generation.

**Only 2.7 percent** of the surveyed wealthy individuals mentioned that stocks played a significant role in their wealth accumulation, making it a small minority among the respondents. I'm not discouraging investments in stocks; in fact, quite the opposite. I recommend everyone to consider a savings plan in a passive ETF. However, trying to get rich solely by investing in individual stocks can be challenging in the long term. While some may experience temporary success in a bull market or due to luck, I remain skeptical about its sustainability.

Last year, I gave a presentation to 250 ardent stock enthusiasts, and during the talk, I asked who among them had become wealthy through investing in stocks. With "wealthy," I mean not less than one million. **Not a single person raised his hand**. Now, you might argue that there were maybe a few who hesitated to share that publicly, but their reaction aligns with both my personal experience and scientific research."

Thoughts?

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