By F.M. Eccles
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In 1992, we sold the entire enterprise to an international pharmaceutical group for more than $22 million. If I had listened to what everyone was telling me to do instead of relying on my own instincts and analytical abilities, I might have passed up this incredible opportunity. Many of these naysayers were smarter and more experienced than I was. However, this was still the right opportunity for me, and I acted on intuition. In the end, I had demonstrated to myself and others that unconventional thinking can lead to exceptional returns.
These wealthy hedge fund tycoons and corporate investors always appear to have the odds stacked in their favor. Their financial success seems to be easily achieved, as opposed to the struggles experienced by the other 99 percent of the investing population. I am not talking about moderately wealthy investors. I refer to those who possess billions of dollars in net worth with massive resources at their disposal, and who seem to have the inside track on all the best opportunities. These are the people who are invested in the ventures that deliver the huge paybacks.
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