“we’re not satisfied with forcing Russia to destroy its nuclear weapons and recant its ideology. Now we’re really going to get even: we’re sending experts to show them how to run their economy. Am I missing something? A country with a five-trillion-dollar debt is giving advice on handling money?”
― Brain Droppings
― Brain Droppings
“Wealth, for example, is fat-tailed. At the time of writing, the wealthiest person in the world is 3,134,707 times wealthier than the average person. If human height followed the same distribution as human wealth, the tallest person in the world would not be 1.6 times taller than the average person; he would be 3,311 miles (5,329 kilometers) tall, meaning that his head would be thirteen times farther into outer space than the International Space Station.”
― How Big Things Get Done: The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration
― How Big Things Get Done: The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration
“Poverty ... is a most necessary and indispensable ingredient in society, without which nations and communities could not exist in a state of civilisation. It is the lot of man – it is the source of wealth, since without poverty there would be no labour, and without labour there could be no riches, no refinement, no comfort, and no benefit to those who may be possessed of wealth.”
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“Mike Bloomberg once said, “I have always had a policy: If it’s a friend and they get a promotion, I don’t bother to call them; I’ll see them sometime and make a joke about it. If they get fired, I want to go out to dinner with them that night. And I want to do it in a public place where everybody can see me. Because I remember when I got fired from Salomon Brothers—I can tell you every single person that called me. That meant something. When I was made a partner? I have no recollection of that whatsoever.” My friend Todd Benson puts it this way: “Show up when it matters, when it means something. Never miss a funeral. Attend every wedding.”
― The Algebra of Wealth: A Simple Formula for Financial Security
― The Algebra of Wealth: A Simple Formula for Financial Security
“The more decisions means you get more feedback and get better”
― The Algebra of Wealth: A Simple Formula for Financial Security
― The Algebra of Wealth: A Simple Formula for Financial Security
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