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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: AMF who wrote (4108)7/20/1999 10:14:00 AM
From: Mike 2.0  Read Replies (1) | Respond to of 54805
 
OT re "Millionaire Next Door" & miserliness:

Miserly is the right word, for sure. The majority did not give anything to charity, which says a lot about their character and outlook.

I remember early on the book stated the authors offered some amount of money to their favorite charity if they participated in research for the book. The response quoted was "I'm my favorite charity." That profoundly selfish comment really deflated my interest in the book and I ended up just skimming it.

On the subject of miserliness to the point of it becoming a phobia, I have not yet seen anything better than this old Worth magazine article: worth.com This is must reading IMHO. And the man profiled there is exactly what I thought of when I read the self-gratifying "I'm my favorite charity" remark in Millionaire Next Door. This man WAS one of the "millionaires next door"...thanks but no thanks!



To: AMF who wrote (4108)7/20/1999 11:45:00 AM
From: chaz  Read Replies (2) | Respond to of 54805
 
I must agree....the Millionaire Next Door struck me as being a rather dull sort. I happen to be a bit of a cross-breed. I have owned the same Mercedes Sedan for nearly 30 years and while it has several shades of sunfade blue, and more of rust, it still runs well and I have no intention or need to sell it after 475,000 miles. OTH, I flew a Turbo Saratoga for some years for both business and recreation, but when the business need went away, the plane remained an extravagance I could not part with. On that topic, I can recall many times when, inspite of some personal inconvenience to myself and others with me, I stood down due to concern about flight conditions. In nearly 3,000 flight hours, KOW, I've never had an equipment malfunction of any kind and I've never been lost or disoriented.

BTW, I'm still trailing Lindy by a good bit...a very good bit...which I'm hoping to change in time to educate those grandkids I mentioned several thousand posts back.



To: AMF who wrote (4108)7/20/1999 12:49:00 PM
From: Curbstone  Read Replies (1) | Respond to of 54805
 
Millionaire Next Door

I hate that book! It basically validated all my wife's Dutch genes and instincts. I hold it's authors personally responsible for my perhaps NEVER getting a CD-R/W drive in my PC.

Mike