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Inherited Wealth Quotes

Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be Picture Quote #1

Men are naturally lazy, and require some great stimulus to goad their flagging ambitions and enable them to overcome the inertia which comes from ease and the consciousness of inherited wealth. Whatever lessens in a young man the feeling that he must make his way in the world cripples his chance of success. Poverty has ever been the priceless spur that has goaded man up to his own loaf Picture Quote #1

I don’t like inherited wealth Picture Quote #1

My grandfather... saw where inherited wealth ruined people. And my grandfather was right Picture Quote #1

The fact is that, except for those very few whose wealth is overwhelmingly or entirely inherited, the more affluent have usually worked harder than the less affluent Picture Quote #1

I regard large inherited wealth as a misfortune, which merely serves to dull men’s faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual’s capacity to make an independent position for himself Picture Quote #1

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I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn’t feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You’re much better off going into the market on a shoestring, feeling that you can’t afford to lose. I’d rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions Picture Quote #1

A common objection to inherited wealth is that it stifles the urge to work. I have not generally observed this to be true Picture Quote #1

There exists a false aristocracy based on family name, property, and inherited wealth. But there likewise exists a true aristocracy based on intelligence, talent and virtue Picture Quote #1

You know what’s wrong with scientific power? It’s a form of inherited wealth. And you know what assholes congenitally rich people are Picture Quote #1

Scientific power is like inherited wealth; attained without discipline. You read about what others have done, and you take the next step. You can do it very young. You can make progress very fast Picture Quote #1

Inherited wealth may be something easily squandered, but inherited poverty is a legacy almost impossible to lose Picture Quote #1

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Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be (Inherited Wealth Quotes) Men are naturally lazy, and require some great stimulus to goad their flagging ambitions and enable them to overcome the inertia which comes from ease and the consciousness of inherited wealth. Whatever lessens in a young man the feeling that he must make his way in the world cripples his chance of success. Poverty has ever been the priceless spur that has goaded man up to his own loaf (Inherited Wealth Quotes) I don’t like inherited wealth (Inherited Wealth Quotes) My grandfather... saw where inherited wealth ruined people. And my grandfather was right (Inherited Wealth Quotes) The fact is that, except for those very few whose wealth is overwhelmingly or entirely inherited, the more affluent have usually worked harder than the less affluent (Inherited Wealth Quotes) I regard large inherited wealth as a misfortune, which merely serves to dull men’s faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual’s capacity to make an independent position for himself (Inherited Wealth Quotes) I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn’t feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You’re much better off going into the market on a shoestring, feeling that you can’t afford to lose. I’d rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions (Inherited Wealth Quotes) A common objection to inherited wealth is that it stifles the urge to work. I have not generally observed this to be true (Inherited Wealth Quotes) There exists a false aristocracy based on family name, property, and inherited wealth. But there likewise exists a true aristocracy based on intelligence, talent and virtue (Inherited Wealth Quotes) You know what’s wrong with scientific power? It’s a form of inherited wealth. And you know what assholes congenitally rich people are (Inherited Wealth Quotes) Scientific power is like inherited wealth; attained without discipline. You read about what others have done, and you take the next step. You can do it very young. You can make progress very fast (Inherited Wealth Quotes) Inherited wealth may be something easily squandered, but inherited poverty is a legacy almost impossible to lose (Inherited Wealth Quotes)