Table of Contents
The point is this: Today we live in times of greater and faster change than these men did. I suspect there will be many booms and busts in the coming years that will parallel the ups and downs these men faced. I am concerned that too many people are too focused on money and not on their greatest wealth, their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes. If they think money will solve problems, they will have a rough ride. Intelligence solves problems and produces money. (Location 801)
there is a crucial difference between the human condition and Russian roulette: the probability of winning at Russian roulette is unaffected by anything that the player may think or do. Within its rules, it is a game of pure chance. In contrast, the future of civilization depends entirely on what we think and do. If civilization falls, that will not be something that just happens to us: it will be the outcome of choices that people make. If civilization survives, that will be because people succeed in solving the problems of survival, and that too will not have happened by chance. (Location 3381)
Intelligence and creativity are the greatest (only(?)) asset that people can use to generate new wealth in the world.
Sieving money down from the tit of the Fed (interest gains and index fund HODLing) is just moving money from one Excel column to another while inflation continues to eat our lunch.
By solving a problem you create demand and create reach in which that problem can solve other problems in existence.
Reach The ability of some explanations to solve problems beyond those that they were created to solve. (Location 599)
More money seldom solves someone’s money problems. Intelligence solves problems. (Location 949)
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