Some people have a special gift for always being right on the money when it comes to making business decisions and they make their decisions without hesitation. Some call it the "Midas Touch."
Remember the story of King Midas and how everything he touched turned to gold.
In business, the "Midas Touch" has to do more with instinct than anything else. It is a combination of instinct and the ability to anticipate and differentiate between a good deal and a bad deal, a good product and a bad product, and to have a sense of good timing as opposed to bad timing.
Instinct plays a great part in most success stories.
Some entrepreneurs have an uncanny ability to make the right purchase at the right time, sell when everybody else is buying, to grab an opportunity that everyone else dismisses as unworthy, makes it work for them while making lots of money doing it.
Those are the business people whose instincts play a crucial role in their success. You may be one of the gifted ones who can see through the business fog and make the right moves at the right time.
But not everyone is fortunate enough to have those instincts. Or maybe everyone does have them. It may be that some of us are slow to act on our instincts or don't act on them at all.
Most of the successful business people didn't get where they are because they are smarter than you or me. They got their success due to the fact that they were willing to gamble on their instincts on what their instincts perceived to be a good idea.
That is not to say that it was a total gamble. They also have some knowledge of what they are doing and they never hesitate to do the necessary research.