Thursday 22 March 2007

Get rich quick! (In, say, 1 or 2 generations)

One of the things that fascinates me about Motely Fool's recent article The Secrets of Nine-Figure Fortunes is just the sheer patience of the investors. Most of the original investors of the now nine figure legacies never even got to see the 9th digit. Though alot were privy to the 8th - which is no mean feat when they'd only invested around $20,000. I know that's alot of money back in 1957 and probably alot of those investors were fairly wealthy to start with. But in this day of Get-Rich/Loose-Weight/Establish-a-meaningful-relationship Quick advice that we seem to thrive on it's interesting to reflect that most 'rich' families got there through the hard work and patience of a ancestor. Most of the time with the original patriarch thinking more about the welfare of future generations that their own. A trait that we don't venerate enough.

No comments: