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What does Midas touch mean?

Looking for the meaning or definition of the word Midas touch? Here's what it means.

Proper noun
  1. (idiomatic) The ability to gain success or financial reward from one's actions.
  2. (mythology, literally) the ability to turn everything one touches into gold.
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Examples
At 54, her longstanding Midas touch is vanishing, fast.
Despite a hugely profitable year, Goldman Sachs has lost its Midas touch as the premier investment bank.
Scott has become a director for all seasons whose Midas touch has brought success to diverse films.
However, a disappointing stint in charge of the Mexican national team and trophyless spells at the helm Cruz Azul and Atlas seemed to indicate that Meza had lost the Midas touch.
After a protracted 0-0 stalemate after 45 minutes, Feyenoord coach Ernst Happel displayed a Midas touch when he replaced Coen Moulijn with Joop van Daele in the second half.
Investors want gurus that have the Midas touch and tell them how to make money quickly.

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