The millionaire might not be comfortable in a club he doesn't own because he doesn't have the validation of people knowing he is rich or owns the place and thus loses confidence in himself.

百万富翁也许在不拥有的俱乐部会感到不自在，因为他没有那些认识他的人的认可他有钱或拥有这个地方，从而对自己失去了信心。

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He's also a proponent of ETFs because they offer diversification, particularly into asset classes that investors might not be as comfortable navigating on their own, such as commodities and currencies.

FORBES: Intelligent Investing Panel