there are many other ways to be a millionaire.. but there is a sure way to loose money if you invest into equity. Many businessmen like dirubhai, naraynmurthi... earned money doing business.. created wealth. companies may not post yearly sales equilent to the money taken in IPO. they declare dividend and then do not pay.. annulled.. many other gimmics they play.. once the qty. is within their control then you can see how stock price rocked up.. listed companies do business.. they earn money in market with operators..