5 ms·

There are so many people who have obtained fortunes and not become drunk on that. The person who built a liquor store and grew into 20 stores across the city.

by IncRnd 4y ago

There are so many people who have obtained fortunes and not become drunk on that. The person who built a liquor store and grew into 20 stores across the city. People who started consulting companies. That immigrant family who scraped and scraped for decades while living above their restaurant. The list is endless, especially compared to the much shorter list of crypto criminals who are drunk on their illusory power and fame, which seems to always disappear overnight. Any fool can make a fortune; it takes a person of brains to hold onto it.

twobitshifter 4y ago
Liquor stores and consulting companies don't stack up to the “ great fortunes" gp was asking about.
- alexcabrera305 4y ago
  That imaginary liquor store owner, even as an imaginary person, has more of a fortune than SBF at this point.
- IncRnd 4y ago
  Except "great fortunes" isn't what gp wrote. GP wrote, "great real or perceived fortunes". Besides, how do you know what fortunes people have made with their liquor stores or consulting companies? Ross Perot was a billionaire from consulting, before being a billionaire was a thing. Plus he was a genuinely good person.
whateveracct 4y ago
Money really is wasted on some people
deleted 4y ago
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mrandish 4y ago
> There are so many people who have obtained fortunes and not become drunk on that. Both my perception and my experience from knowing several extremely wealthy 'self-made' people is that the vast majority are fairly quiet, prudent, bright and hard-working people who've managed to make (mostly) good long-term decisions and continue doing so consistently over time. I suspect the "crazy, playboy billionaire" stereotype is based more on high-visibility outliers rather than the majority. Outlandish, eccentric and/or entitled behavior makes for good stories and click fodder while typical long-term value-building behaviors are pretty boring.
- alvah 4y ago
  This is the central theme of the book "The Millionaire Next Door".

by IncRnd 4y ago

twobitshifter 4y ago

Liquor stores and consulting companies don't stack up to the “ great fortunes" gp was asking about.

alexcabrera305 4y ago
That imaginary liquor store owner, even as an imaginary person, has more of a fortune than SBF at this point.
IncRnd 4y ago
Except "great fortunes" isn't what gp wrote. GP wrote, "great real or perceived fortunes". Besides, how do you know what fortunes people have made with their liquor stores or consulting companies? Ross Perot was a billionaire from consulting, before being a billionaire was a thing. Plus he was a genuinely good person.

whateveracct 4y ago

Money really is wasted on some people

deleted 4y ago

[deleted]

mrandish 4y ago

> There are so many people who have obtained fortunes and not become drunk on that. Both my perception and my experience from knowing several extremely wealthy 'self-made' people is that the vast majority are fairly quiet, prudent, bright and hard-working people who've managed to make (mostly) good long-term decisions and continue doing so consistently over time. I suspect the "crazy, playboy billionaire" stereotype is based more on high-visibility outliers rather than the majority. Outlandish, eccentric and/or entitled behavior makes for good stories and click fodder while typical long-term value-building behaviors are pretty boring.

alvah 4y ago
This is the central theme of the book "The Millionaire Next Door".