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“Real Wealth ≠ Financial Wealth. Real wealth is what people buy because they want to have and use it, such as a house, car, streaming video service, etc. Real wealth has intrinsic value. Financial wealth consists of financial assets that are held to a) receive an ongoing income in the future and/or b) be sold in the future to get money to buy the real assets people will want. Financial wealth has no intrinsic value.”
― Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
― Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
Scott’s 2025 Year in Books
Take a look at Scott’s Year in Books, including some fun facts about their reading.
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