The Great Man of 21st Century Mr Elon Musk - his success in relation to a case study with our investment in Bitcoin

In the world of wealth creation and investing, we need change our mind from fixed mind to growth mind. We can learn from Elon Musk, but he invests millions to make billions , but we can follow the same growth mind philosophy to begin with $1000 on any asset probably in bitcoin. Musk is the most successful entrepreneur of the 21st century that the world has seen. Musk is the founder of :

 PayPal and a revolutionist in online payment system
 He is also the author of the Electric cars.
 The Chief Technology Officer of SpaceX – space for exploration and tourism. He tried to build rockets at a cost
unimaginable to scientists with conventional wisdom .

Mr Elon Musk’s name shall be written in the history book as the great revolutionist for the future generation to know and learn as the person who spearheaded the revolution to the ultimate demise of the Global Oil Industry.

Now what is the element of success of Mr Musk? Is it pure skill or luck? If we can deliberately fail in what we are doing, it is called Skill on the contrary if we can not deliberately fail in what we are doing, it is called luck.

This is the essence that I could gather reading through the wise sayings of many successful people through online reading as well as various books and the gist I am sharing with my distinguished readers.

To say about it with an example, a carpenter, he is trying to make a table, if he can deliberately fail in what he is doing, this is skill. What he has to do is that to cut the one leg short and the table can not stand itself, so it is called the skill of the carpenter.

Now you bet on with the finest economist and the stock market analyst, who is the world number one Brain. Tell him that you shall give 1 million dollar to invest in stocks either all stocks have to give multibagger return in 2 years time or all should fall below the buy price in 2 years time. In this case, despite his great skill, there is an element of luck and his success is not guaranteed. If he is successful there is an element of luck in it .

Some brains say that Bitcoin will be history and some brains say it will be worth USD 1 million in 10 years. So going by the above example, if we invest in bitcoin, it is purely the Luck that determines the outcome.

Regards
Shaji