The term "Midas touch" refers to the ability to turn any venture into a success, inspired by the myth of King Midas. In Greek mythology, Midas was granted the power to turn everything he touched into gold, which ultimately led to his downfall when he could not eat or drink. The phrase is often used in business and finance to describe individuals who have a knack for making profitable decisions or investments. People with the "Midas touch" are seen as having a special talent for creating wealth and success in various endeavors.