"Letting firms fail, and share prices fall to their market level, also provides younger generations with the same opportunities that we, Gen X and boomers, were given: a chance to buy Amazon at 50x (vs. 100x) earnings and Brooklyn real estate at $300 (vs. $1,000) per square foot. Just as we pretend our service men … Continue reading Geriatric and/or Managerial Socialism
Tag: wealth
Champagne Wishes and Caviar Dreams
"I always want to say to people who want to be rich and famous: ‘try being rich first.’ See if that doesn’t cover most of it. There’s not much downside to being rich, other than paying taxes and having your relatives ask you for money. But when you become famous, you end up with a … Continue reading Champagne Wishes and Caviar Dreams
What Really Happens When You Become an Overnight Millionaire?
"'With some people an event like this would change them,' says Shah, his Chicago friend. 'And suddenly Peter’s life has changed — he went through a divorce, in every way Peter’s life has changed — but I feel like he is what he is.'”—Stephanie Clifford, "What Really Happens When You Become an Overnight Millionaire?" Medium.com. … Continue reading What Really Happens When You Become an Overnight Millionaire?
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