On Wealth

"Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service."

Henry Ford

"There’s always going to be somebody who is making money faster, running the mile faster or what have you. So, in a human sense, once you get something that works fine in your life, the idea of caring terribly that somebody else is making money faster strikes me as insane… Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. […] Here’s one truth that perhaps your typical investment counselor would disagree with: if you’re comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what?! Someone will always be getting richer faster than you. This is not a tragedy."

Charlie Munger , billionaire and vice-chairman of Berkshire Hathaway

"Money is not wealth. Discretionary time is wealth… You can always make more money. You can't make more time."

Alan Weiss , consultant

"If it makes money and it's fun, that's terrific. If it loses money and it's fun, that's okay. It's only not okay if it loses money and it's not fun."

Ken Friedman, restaurant owner

Published: September 16, 2013 Last updated: September 16, 2013

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