Peter Johnson – Pick the Right People to Work With

<p><strong>BIO: </strong>Peter W. Johnson, Jr. is the founder and principal of PWJohnson Wealth &amp; Legacy, LLC, a fee-only Registered Investment Advisory firm based in Silicon Valley, California.</p><p><strong>STORY: </strong>Peter invested in two business ideas that came too early for their time. Both businesses had minimal uptake because people didn’t understand what Peter was trying to do.</p><p><strong>LEARNING: </strong>&nbsp;Never invest all of your money in risky things; always stay diversified. Pick the right people to work with. A great idea is not the only thing you need to succeed.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“Never invest all of your money in risky things; always stay diversified.”</strong></blockquote><blockquote class="ql-align-center">Peter Johnson</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/peterwjohnson/" rel="noopener noreferrer" target="_blank"><strong>Peter W. Johnson, Jr</strong></a>. is the founder and principal of <a href="https://pwjohnson.com/" rel="noopener noreferrer" target="_blank">PWJohnson Wealth &amp; Legacy, LLC</a>, a fee-only Registered Investment Advisory firm based in Silicon Valley, California.</p><p>His independent firm has provided investment and financial planning services to clients and families for 30 years, with a balanced emphasis on both the analytical and human sides of the wealth equation.</p><p>Family wealth is personal for Peter. Peter’s great-grandfather was a self-made businessman who built his wealth to $100 million. But he subsequently lost this wealth over three generations.</p><h2><strong>Worst investment ever</strong></h2><p>Peter has always been a computer geek. It was no surprise when he attended a conference in 1995 where they discussed setting up websites, and he immediately came up with a business idea. The internet was just opening to commercial use. Peter thought it would be a good idea to build an online community of investment professionals who could share their favorite