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This states the obvious: the very rich or very successful ones are not happy. Bill Gates doesn't have a better life than the first rickshaw you'll find in Kolka
by gbog 12y ago
This states the obvious: the very rich or very successful ones are not happy. Bill Gates doesn't have a better life than the first rickshaw you'll find in Kolkata. The main reason will probably because of the kids, which are not likely to be spoiled in the case of the rickshaw.
And this is where I find some demonstrations of pg fall short: the reason to start start-ups is to make huge money, but huge money is dangerous for the mind. In this case it is better to make normal and steady amounts of money, which normal corporate jobs provide.
I guess starting start-ups is only for those with very solid psychology, or for those already crazy.
- peteretep 12y agoI struggled to find "the very rich or very successful ones are not happy" in the article
- clamprecht 12y agoBut Bill Gates now has the money to fund things he thinks will improve the world. That's a pretty good motivation to become rich, no?
- nazgulnarsil 12y agoEven though most people have convex utility WRT money this is not true for everyone. Some people need large amounts of money for big ambitious projects, others might have linear utility WRT money. For example, say you were donating a significant fraction of your wealth to effective charities. It is not clear you should have diminishing marginal utility towards these donations the way you would with personal consumption.