Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (50143)	5/19/2004 2:58:30 AM
From: Maurice Winn	Read Replies (1) of 74559

<"Laziness of wealth", > Yiwu, on the contrary, the wealthy do more. Irwin Jacobs was wealthy when he started QUALCOMM. He is now over 70 and very, very wealthy, but still works as CEO. $ill Gates has been wealthy for decades but shows no signs of going to sleep on the job. The wealthy get involved with philanthropic investing = high risk things which other more worried mortals can't afford to take a chance on. If the risk pays off, they make even more money. The wealthy buy innovative, expensive technology, which then becomes available to median humans as the price comes down as the technology and markets develop. Wealthy people aren't necessarily lazy, they are energized. Those who earned it themselves anyway. Mqurice

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