A Quote by Warren Buffett
The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.
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There is scarcely an instance of a man who has made a fortune by speculation and kept it
'China rich' is the new 'crazy rich.' It's a new level of outrageousness. It comes from this world where overnight fortunes have been made, but the fortunes are so ginormous compared to anything we've ever seen in the history of the world.
There are many kinds of richness, and the man who is rich because of money is the lowest as far as the categories of richness are concerned. Let me say it in this way: the man of wealth is the poorest rich man. Looked at from the side of the poor, he is the richest poor man. Looked at from the side of a creative artist, of a dancer, of a musician, of a scientist, he is the poorest rich man. And as far as the world of ultimate awakening is concerned he cannot even be called rich.
Mr. Trump wants to turn the U.S. economy into the kind of real estate development that has made him so rich in New York. It will make his fellow developers rich, and it will make the banks that finance this infrastructure rich, but the people are going to have to pay for it in a much higher cost for transportation, much higher cost for all the infrastructure that he’s proposing. You could call Trump's plan "public investment to create private profit". That's really his plan in a summary.
An absolute monarch, who is rich without patrimony, may be charitable without merit; and Constantine too easily believed that he should purchase the favour of Heaven if he maintained the idle at the expense of the industrious, and distributed among the saints the wealth of the republic.
The public doesn’t have to be hostile to the rich. ‘Robbing the rich to help the poor’ will only drive the rich away to other countries along with their money. As a matter of fact, their wealth should be respected. All wealth in China belongs to the country.
The man who lives for himself is a failure. Even if he gains much wealth, position or fortune, he is still a failure. The man who lives for others has achieved true success. A rich man who consecrates his wealth and his position to the good of humanity is a success.
I have always believed that most large fortunes are made by men...who tumbled into a lucky opportunity. Hard work and attention to business are necessary, but they rarely result in achieving a large fortune. Do not be fooled into believing that because a man is rich, he is necessarily smart. There is ample proof to the contrary.
People used to complain about 'the idle rich.' But the idle rich did not do the kind of harm being done by today's busybody rich, who feed their own egos by bankrolling political crusades on the left which hurt the very people that the left claims to care about -- working people, minorities, and children.
the Sanctuary was reserved for the rich and elite--those with fortunes, not soldiers of fortune.
In any form of art designed to appeal to large numbers of people,...[t]he rich man is usually 'bad', and his machinations are invariably frustrated.:; 'Good poor man defeats bad rich man' is an accepted formula.
In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be returned to society. In my case, the ability to allocate capital would have had little utility unless I lived in a rich, populous country in which enormous quantities of marketable securities were traded and were sometimes ridiculously mispriced. And fortunately for me, that describes the U.S. in the second half of the last century.
The rich man's dog gets more in the way of vaccination, medicine and medical care than do the workers upon whom the rich man's wealth is built.
Many rich people in China made their fortunes by damaging natural resources and building corrupt relations with the government.
Buffett, when he gave away his money, referenced Carnegie. He quoted from Carnegie. When he said, "The man who dies rich dies disgraced," in the 1880s, his fellow millionaires looked on him like he was a lunatic, you know, an idiot, a mad man.
It's an irony that growing inequality could mean more money for philanthropy. In the U.S., quite a few of the ultra-rich have taken to heart the 19th century industrialist and philanthropist Andrew Carnegie's comment that it's a disgrace to die wealthy.
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