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To: AMF who wrote (4113)7/20/1999 3:22:00 PM
From: Mike 2.0  Respond to of 54805
 
OT re miser-millionaire Worth article

Good point! And I enjoyed those posts from LB too.

Somewhere in my freshman Money & Financial Markets 101 class a lifetime ago :-) my textbook stated that simply possessing money provides no inherent value...it has value only when actively used as a method of exchange. I thought the point moot, but taken in context of Orville Wood in Worth article, it becomes clear that he was in fact poor, even thought he had assets exceeding $1m in value. So the "millionaire next door" may as well be actually poor, if he, in effect, is stuffing his mattress with bills, literally or figuratively.