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Re: Wealth

  • To: <harveyt@prodigy.net>
  • Subject: Re: Wealth
  • From: "Roy Schestowitz" <sch@danielsorogon.com>
  • Date: Fri, 9 Apr 2004 09:34:51 +0100
  • Organization: Imaging Science and Biomedical Engineering, Victoria University of Manchester, United Kingdom
  • References: <MBBBLDMAFHDNCCKADPKMAEFKEKAA.harveyt@prodigy.net>
It is all true, but almost obvious. Nevertheless, I enjoyed reading it,
twice. Success is relative. Money is about ego and self-worth, nothing more.
Some people in the world would be happy with just food, warmth and shelter.
So should we.

----- Original Message -----
>From: Harvey Tobkes
To: Roy "Schesty" Schestowitz
Sent: Thursday, April 08, 2004 10:39 PM
Subject: Wealth

According to US businessman H.L. Hunt, who was at one time the world's
richest man, money is just a way of keeping score - it's the game that
matters. I believe to these guys it's just a big game in which $1 counts as
one point.
And we should add a refinement suggested by Professor Robert Frank of
Cornell University. He argues that an intrinsic component of human nature is
a tendency to judge yourself by comparison with others (whereas conventional
economics assumes we never do that but focus solely on personal bests). So,
having lots of wealth matters because it's an index of social status. If you
wonder what it is that drives men such as Kerry Packer and Rupert Murdoch, I
think we've put our finger on it.

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