Articles for tag: Rich Fool Parable

How Much Is Much?

By Mandy Smith The front page of The New York Times carried the headline “The Millionaires Who Don”t Feel Rich.” The article told of millionaires in the Silicon Valley who, because they”re surrounded by multimillionaires and billionaires, don”t consider themselves wealthy. One multimillionaire admitted, “Everyone around here looks at the people above them.” Another added, “Here, the top 1 percent chases the top one-tenth of 1 percent, and the top one-tenth of 1 percent chases the top one-one hundredth of 1 percent.”1 We may roll our eyes, but don”t we do the same? If we rank in the 50th percentile

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