In Defense of Billionaires | by Michael R. Strain - Project Syndicate
Michael R. Strainproject-syndicate.org
In Defense of Billionaires | by Michael R. Strain - Project Syndicate
Dr. Edward Banfield of Harvard studied upward social and economic mobility in the United States and other countries for almost fifty years. He was looking for the reasons why some individuals and families moved up from lower socioeconomic classes to higher socioeconomic classes, generation by generation, sometimes starting at laboring jobs and beco
... See moreBrian Tracy • Get Smart!: How to Think and Act Like the Most Successful and Highest-Paid People in Every Field
Jordan Bester added
Ownership is inaccessible to most people. It’s either bought (through stocks/investments), created (starting something of your own), inherited (born lucky), or earned (employment-based equity). None of which are easy to attain. Few families have extra income to invest. Starting a business is harder than ever (entrepreneurship rates in the US are ha... See more
Yancey Strickler • The Ownership Crisis
sari added
Modern capitalism is a pro at two things: generating wealth and generating envy.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
In an environment where the greatest source of wealth will be the ideas you have in your head rather than physical capital alone, anyone who thinks clearly will potentially be rich.
James Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
But Alfani’s observation that the rich as a group have no clear social function is borne out by the fact that, in the Musk era, they have reacted to populist pressures largely by justifying their fortunes as individuals. When they maintain a combative social-media presence, fixate on meritocracy, employ idealistic language to describe for-profit en... See more
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Thomas added
The brightest, most successful and ambitious of these will emerge as truly Sovereign Individuals. At first, only a handful will achieve full financial sovereignty. But this does not negate the advantages of financial independence. The fact that not everyone attains an equally vast fortune does not mean that it is futile or meaningless to become ric
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
“I would put money on there being a billionaire teenager by 2030” – David Perell
Anthony Pompliano • Writing for Leverage, Teenage Billionaires, The Problem with Mainstream Media, and More - David Perell on Off the Chain, Hosted By Anthony Pompliano • Podcast Notes
sari added