Author: Sarkis J Khoury
Publisher: World Scientific
ISBN: 9814485527
Category : Business & Economics
Languages : en
Pages : 576
Book Description
This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested and shown to be often weak and unreliable, especially when applied to the valuation of technology stocks. New paradigms are suggested.The authors seek to answer many questions about the stock market: Why invest in stocks, how to invest in stocks, how to value stocks, how to change the risk profile of portfolios, how to analyze the results of stock investing, and how to minimize estate taxes and maximize control, even after death.All aspects of the stock market are covered, including the basic tools that will enable the reader to understand the stock market basics, the history of stock market performance in the US and overseas, the various ways to value stocks and to assess their risk, and the various methods that have been proposed to capitalize on the inefficiencies of the stock market, be they temporary or permanent. The book also deals with the derivative markets for stocks.
Wealth Forever: The Analytics Of Stock Markets
Author: Sarkis J Khoury
Publisher: World Scientific
ISBN: 9814485527
Category : Business & Economics
Languages : en
Pages : 576
Book Description
This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested and shown to be often weak and unreliable, especially when applied to the valuation of technology stocks. New paradigms are suggested.The authors seek to answer many questions about the stock market: Why invest in stocks, how to invest in stocks, how to value stocks, how to change the risk profile of portfolios, how to analyze the results of stock investing, and how to minimize estate taxes and maximize control, even after death.All aspects of the stock market are covered, including the basic tools that will enable the reader to understand the stock market basics, the history of stock market performance in the US and overseas, the various ways to value stocks and to assess their risk, and the various methods that have been proposed to capitalize on the inefficiencies of the stock market, be they temporary or permanent. The book also deals with the derivative markets for stocks.
Publisher: World Scientific
ISBN: 9814485527
Category : Business & Economics
Languages : en
Pages : 576
Book Description
This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested and shown to be often weak and unreliable, especially when applied to the valuation of technology stocks. New paradigms are suggested.The authors seek to answer many questions about the stock market: Why invest in stocks, how to invest in stocks, how to value stocks, how to change the risk profile of portfolios, how to analyze the results of stock investing, and how to minimize estate taxes and maximize control, even after death.All aspects of the stock market are covered, including the basic tools that will enable the reader to understand the stock market basics, the history of stock market performance in the US and overseas, the various ways to value stocks and to assess their risk, and the various methods that have been proposed to capitalize on the inefficiencies of the stock market, be they temporary or permanent. The book also deals with the derivative markets for stocks.
Forever Cash
Author: Jack Bosch
Publisher: Morgan James Publishing
ISBN: 9781614487821
Category : Business & Economics
Languages : en
Pages : 190
Book Description
There are only two ways to retire young and wealthy: * Building a pile of cash large enough that can’t be outspent. For many, this is an unrealistic task what would take an entire lifetime. And many who have built it have lost it in a market crash or by squandering it * Building multiple sources of recurring “Forever Cash” income. These eternal income sources relieve the need for working paycheck to paycheck and create a financial fortress safeguarding from market changes. ""Forever Cash"" also allows for the luxuries of life without worrying about losing the asset. Each and every month this golden goose replenishes your monetary reserves. This is how the wealthy around the world remain wealthy. After stumbling upon these principles Jack Bosch escaped the “hamster wheel of financial hell” to retire at the age of 37. He now shares these strategies around the world teaching that anyone---no matter the situation, working fulltime starting with little money or assets---can reach financial freedom by following the simple proven strategies laid out in Forever Cash. Packed with real-world examples of success and struggle this inspirational guide to wealth without quitting your job will show you: * A completely new way of looking at money * Why building a mountain of cash to retire on---“your Number”---is not working * Why not all cash is created equal and why ""Forever Cash"" is the best. * Why the truly wealthy never run out of money and how neither will you. * How to thrive in economic uncertainty. * How to build $50,000 to $200,000 in extra income per year and turn that into financial security forever. * How to get out of debt and build a financial future without cutting your credit cards. Forever Cash is a ""Real World Blueprint"" on how to get from where you are to being financially independent forever in 5 years or less.
Publisher: Morgan James Publishing
ISBN: 9781614487821
Category : Business & Economics
Languages : en
Pages : 190
Book Description
There are only two ways to retire young and wealthy: * Building a pile of cash large enough that can’t be outspent. For many, this is an unrealistic task what would take an entire lifetime. And many who have built it have lost it in a market crash or by squandering it * Building multiple sources of recurring “Forever Cash” income. These eternal income sources relieve the need for working paycheck to paycheck and create a financial fortress safeguarding from market changes. ""Forever Cash"" also allows for the luxuries of life without worrying about losing the asset. Each and every month this golden goose replenishes your monetary reserves. This is how the wealthy around the world remain wealthy. After stumbling upon these principles Jack Bosch escaped the “hamster wheel of financial hell” to retire at the age of 37. He now shares these strategies around the world teaching that anyone---no matter the situation, working fulltime starting with little money or assets---can reach financial freedom by following the simple proven strategies laid out in Forever Cash. Packed with real-world examples of success and struggle this inspirational guide to wealth without quitting your job will show you: * A completely new way of looking at money * Why building a mountain of cash to retire on---“your Number”---is not working * Why not all cash is created equal and why ""Forever Cash"" is the best. * Why the truly wealthy never run out of money and how neither will you. * How to thrive in economic uncertainty. * How to build $50,000 to $200,000 in extra income per year and turn that into financial security forever. * How to get out of debt and build a financial future without cutting your credit cards. Forever Cash is a ""Real World Blueprint"" on how to get from where you are to being financially independent forever in 5 years or less.
The Last Safe Investment
Author: Bryan Franklin
Publisher: Portfolio
ISBN: 1591846110
Category : Business & Economics
Languages : en
Pages : 290
Book Description
"The case for investing in your own career before anything else Michael Ellsberg and Bryan Franklin think you've been fed a lie: that if you save for decades and invest in 401(k)s, IRAs, and a home, these investments will grow steadily over decades, allowing twenty to thirty years of secure, peaceful retirement. This might have been true at some point in the last century, but it is not true any longer. If you want to get ahead and enjoy a life of prosperity, the authors argue that you must invest in the most powerful source of wealth you'll ever know: your own earning power. Ellsberg and Franklin reveal how investing in yourself in various ways can guarantee a return much higher than the stock market or real estate. Boosting your skills, leadership, persuasion ability, and your network enriches the quality and meaning of your life at the same time that it enriches your wallet. Why wouldn't you bet on yourself?"--
Publisher: Portfolio
ISBN: 1591846110
Category : Business & Economics
Languages : en
Pages : 290
Book Description
"The case for investing in your own career before anything else Michael Ellsberg and Bryan Franklin think you've been fed a lie: that if you save for decades and invest in 401(k)s, IRAs, and a home, these investments will grow steadily over decades, allowing twenty to thirty years of secure, peaceful retirement. This might have been true at some point in the last century, but it is not true any longer. If you want to get ahead and enjoy a life of prosperity, the authors argue that you must invest in the most powerful source of wealth you'll ever know: your own earning power. Ellsberg and Franklin reveal how investing in yourself in various ways can guarantee a return much higher than the stock market or real estate. Boosting your skills, leadership, persuasion ability, and your network enriches the quality and meaning of your life at the same time that it enriches your wallet. Why wouldn't you bet on yourself?"--
Introduction to Wealth
Author: Gilad James, PhD
Publisher: Gilad James Mystery School
ISBN: 3256715397
Category : Business & Economics
Languages : en
Pages : 70
Book Description
Introduction to Wealth is a detailed overview of the fundamentals of wealth, covering aspects such as assets, liabilities, income, investment, and savings. The book aims to teach readers how to build a healthy financial foundation and maintain financial prosperity by making informed decisions and minimizing financial risks. The book highlights the importance of financial literacy in achieving long-term financial security and creating wealth. It is split into ten chapters, each of which provides readers with a clear understanding of a specific financial topic. From smart money management strategies to practical investment advice, the book equips readers with the knowledge and tools to take control of their financial lives and achieve financial freedom. The authors use relatable examples and easy-to-follow language to engage readers and make complex financial concepts accessible to everyone. Overall, Introduction to Wealth is an essential read for anyone who desires to improve their financial well-being and build a legacy of wealth for future generations. In conclusion, Introduction to Wealth is a groundbreaking book that provides readers with an all-encompassing guide to wealth creation. It covers a wide range of financial topics, equipping readers with the skills and knowledge to make sound financial decisions that result in long-term prosperity. In today's world, financial literacy is more important than ever, and this book offers a comprehensive framework for achieving financial independence and securing your financial future.
Publisher: Gilad James Mystery School
ISBN: 3256715397
Category : Business & Economics
Languages : en
Pages : 70
Book Description
Introduction to Wealth is a detailed overview of the fundamentals of wealth, covering aspects such as assets, liabilities, income, investment, and savings. The book aims to teach readers how to build a healthy financial foundation and maintain financial prosperity by making informed decisions and minimizing financial risks. The book highlights the importance of financial literacy in achieving long-term financial security and creating wealth. It is split into ten chapters, each of which provides readers with a clear understanding of a specific financial topic. From smart money management strategies to practical investment advice, the book equips readers with the knowledge and tools to take control of their financial lives and achieve financial freedom. The authors use relatable examples and easy-to-follow language to engage readers and make complex financial concepts accessible to everyone. Overall, Introduction to Wealth is an essential read for anyone who desires to improve their financial well-being and build a legacy of wealth for future generations. In conclusion, Introduction to Wealth is a groundbreaking book that provides readers with an all-encompassing guide to wealth creation. It covers a wide range of financial topics, equipping readers with the skills and knowledge to make sound financial decisions that result in long-term prosperity. In today's world, financial literacy is more important than ever, and this book offers a comprehensive framework for achieving financial independence and securing your financial future.
Wealth Way 2
Author: DINADEVAN
Publisher: Notion Press
ISBN: 168466070X
Category : Business & Economics
Languages : en
Pages : 95
Book Description
Wealth Way 2: One Lakh Automatic Monthly Income Guaranteed presents an innovative approach to wealth. The author reveals clear-cut projects to show you how money flows into your bank account. It is easy, simple and outstanding. Be prepared to change yourself. The acquisition of money and its conversion into wealth are important aspects in the growth of an individual. It will ensure a steady flow of income for our sustenance and development. The success in this field is normally considered luck. No one is conscious of overcoming the problems that we face on our journey to success. The author addresses these pivotal issues and guides us on the way of wealth. This book will be a powerful tool for you in today’s economic chaos. “I have found this coaching to be of immense use to me on many levels as I have not been aware of how to use assets etc. and Dinadevan has made me realize the importance of this method.” – Miss.Siobhan G. Reyd, London, Artist; Physical Therapist; Musician, Bodhran player
Publisher: Notion Press
ISBN: 168466070X
Category : Business & Economics
Languages : en
Pages : 95
Book Description
Wealth Way 2: One Lakh Automatic Monthly Income Guaranteed presents an innovative approach to wealth. The author reveals clear-cut projects to show you how money flows into your bank account. It is easy, simple and outstanding. Be prepared to change yourself. The acquisition of money and its conversion into wealth are important aspects in the growth of an individual. It will ensure a steady flow of income for our sustenance and development. The success in this field is normally considered luck. No one is conscious of overcoming the problems that we face on our journey to success. The author addresses these pivotal issues and guides us on the way of wealth. This book will be a powerful tool for you in today’s economic chaos. “I have found this coaching to be of immense use to me on many levels as I have not been aware of how to use assets etc. and Dinadevan has made me realize the importance of this method.” – Miss.Siobhan G. Reyd, London, Artist; Physical Therapist; Musician, Bodhran player
Author:
Publisher: Soffer Publishing
ISBN:
Category :
Languages : en
Pages : 70
Book Description
Publisher: Soffer Publishing
ISBN:
Category :
Languages : en
Pages : 70
Book Description
It's Not About the Money
Author: Bob Proctor
Publisher: Gildan Media LLC aka G&D Media
ISBN: 1722520728
Category : Self-Help
Languages : en
Pages : 147
Book Description
The valuable lesson contained in this book is that the best way to attract prosperity is to abandon the pursuit of wealth and allow it to flow toward oneself. The ancient laws of attraction are explained in plain language and applied in an economic framework—a new perspective not found in other popular explications of these principles. A path to prosperity is offered in tandem with guidance for achieving harmony in both professional and personal spheres while strategies to overcome destructive thinking patterns and to sustain the flow of wealth while channeling it constructively are delineated. Profiles of individuals who pursued their passion rather than profit, and subsequently reaped immense rewards, will inspire those seeking to transform their lives. A speaker, author, consultant, coach, and mentor, Bob Proctor was already a legendary figure in the world of personal development long before his appearance in the hit film The Secret. For more than forty years, Proctor has been one of the biggest names in prosperity and personal development, delivering talks around the world that motivate people to achieve success and prosperity. Through his work with the Proctor Gallagher Institute, which he cofounded, he has transformed countless lives with his message of prosperity.
Publisher: Gildan Media LLC aka G&D Media
ISBN: 1722520728
Category : Self-Help
Languages : en
Pages : 147
Book Description
The valuable lesson contained in this book is that the best way to attract prosperity is to abandon the pursuit of wealth and allow it to flow toward oneself. The ancient laws of attraction are explained in plain language and applied in an economic framework—a new perspective not found in other popular explications of these principles. A path to prosperity is offered in tandem with guidance for achieving harmony in both professional and personal spheres while strategies to overcome destructive thinking patterns and to sustain the flow of wealth while channeling it constructively are delineated. Profiles of individuals who pursued their passion rather than profit, and subsequently reaped immense rewards, will inspire those seeking to transform their lives. A speaker, author, consultant, coach, and mentor, Bob Proctor was already a legendary figure in the world of personal development long before his appearance in the hit film The Secret. For more than forty years, Proctor has been one of the biggest names in prosperity and personal development, delivering talks around the world that motivate people to achieve success and prosperity. Through his work with the Proctor Gallagher Institute, which he cofounded, he has transformed countless lives with his message of prosperity.
The New Single Reserve Global Currency
Author: David Gomadza
Publisher: David Gomadza
ISBN:
Category : Business & Economics
Languages : en
Pages : 66
Book Description
Our system believes and gives respect to national sovereignty as the only means to solving all current global issues. Since with national sovereignty you have the only true way of creating wealth that will solve balance of payments, global deficit, global debt, unemployment, economic and financial issues among other things. Tomorrow’s World Order strongly believe that the only solution is through a sovereignty guaranteed right: the right to print fresh new money without worrying about loan repayments and interest to pay. It’s the only way to wealth. The current system is there to screw every country on earth but benefit a few. Only printing new money is the route to wealth and solving today’s global issues but it’s not just a case of printing money, that is where we come in because hyperinflation and general inflation are animals hard to tame but we have mastered the skills and I will tell you how. FutureGoldCoin [FCI] is a future global digital currency for transactions and is to act as a Single Reserve Global Currency [SRGC] to work with a Sovereign nation’s currency side by side to steer growth and increase wealth exponentially at the same time fighting hyperinflation as printing money shall be the only source of new money. Never Global Debt Again. Replaces Global Debt with Perpetual Savings. Every system must have a leader to prosper. A leader to protect it, to lead it and safeguard its future hence the rise of Tomorrow’s World Order [TWO] with sovereign powers to print our own money, write and enforce our laws globally. Strong leadership guarantees the survival and existence of any system. FutureGoldCoin is a digital currency together with our system and comprehensive approach will change the world as we know it today from global debt to huge national savings and global wealth. Our system and our currency the FCI will provide;✔ A fast and secure way to carry out global transactions.✔ A way of reducing transactions costs greatly globally.✔ Reduce major fluctuation risks.✔ Help to boost trade globally.✔ Help all nations generate huge savings and the needed new money to solve their problems.✔ A huge helper in fighting hyperinflation and normal inflation.✔ Will eliminate the Triffin Dilemma and the Beggar-thy-Neighbor problems so that a country will stand by itself and only its monetary skills will determine success or failure rather than be derailed by external forces.✔ Will not take away the sovereignty of any country which is the only way to be self-sufficient and the road to wealth, with the current system whenever a country uses another’s as a reserve currency it automatically loses this sovereignty and the ability to control its fiscal planning e.g. by devaluing the currency to increase exports. It relies on adjustments by the country whose reserve currency is in use and therefore technically under it.
Publisher: David Gomadza
ISBN:
Category : Business & Economics
Languages : en
Pages : 66
Book Description
Our system believes and gives respect to national sovereignty as the only means to solving all current global issues. Since with national sovereignty you have the only true way of creating wealth that will solve balance of payments, global deficit, global debt, unemployment, economic and financial issues among other things. Tomorrow’s World Order strongly believe that the only solution is through a sovereignty guaranteed right: the right to print fresh new money without worrying about loan repayments and interest to pay. It’s the only way to wealth. The current system is there to screw every country on earth but benefit a few. Only printing new money is the route to wealth and solving today’s global issues but it’s not just a case of printing money, that is where we come in because hyperinflation and general inflation are animals hard to tame but we have mastered the skills and I will tell you how. FutureGoldCoin [FCI] is a future global digital currency for transactions and is to act as a Single Reserve Global Currency [SRGC] to work with a Sovereign nation’s currency side by side to steer growth and increase wealth exponentially at the same time fighting hyperinflation as printing money shall be the only source of new money. Never Global Debt Again. Replaces Global Debt with Perpetual Savings. Every system must have a leader to prosper. A leader to protect it, to lead it and safeguard its future hence the rise of Tomorrow’s World Order [TWO] with sovereign powers to print our own money, write and enforce our laws globally. Strong leadership guarantees the survival and existence of any system. FutureGoldCoin is a digital currency together with our system and comprehensive approach will change the world as we know it today from global debt to huge national savings and global wealth. Our system and our currency the FCI will provide;✔ A fast and secure way to carry out global transactions.✔ A way of reducing transactions costs greatly globally.✔ Reduce major fluctuation risks.✔ Help to boost trade globally.✔ Help all nations generate huge savings and the needed new money to solve their problems.✔ A huge helper in fighting hyperinflation and normal inflation.✔ Will eliminate the Triffin Dilemma and the Beggar-thy-Neighbor problems so that a country will stand by itself and only its monetary skills will determine success or failure rather than be derailed by external forces.✔ Will not take away the sovereignty of any country which is the only way to be self-sufficient and the road to wealth, with the current system whenever a country uses another’s as a reserve currency it automatically loses this sovereignty and the ability to control its fiscal planning e.g. by devaluing the currency to increase exports. It relies on adjustments by the country whose reserve currency is in use and therefore technically under it.
Property
Author: Gregory S. Alexander
Publisher: Aspen Publishing
ISBN: 1543838502
Category : Law
Languages : en
Pages : 1544
Book Description
Jesse Dukeminier’s trademark wit, passion, and human interest perspective has made Property, now in its Tenth Edition, one of the best—and best loved—casebooks of all time. A unique blend of authority and good humor, you’ll find a moveable feast of visual interest, compelling cases, and timely coverage of contemporary issues. In the Tenth Edition, the authors have created a thoughtful and thorough revision, true to the spirit of the classic Property text. New to the Tenth Edition: Newly unearthed American case law on litigation over wild animals prior to Pierson v. Post (Chapter 1). The addition of primary cases the Supreme Court decided in 2020 concerning statutory annotations (Chapter 3). A new case added to the life estate section and a new recent case on defeasible fees (Chapter 4). A new primary case on whether landlords can be liable for tenant-on-tenant harassment under the Fair Housing Act, expanded coverage of anti-discrimination law, problems with eviction proceedings, COVID-19 eviction moratoria at the federal and state levels, rent control, and the section 8 program (Chapter 7). Completely rewritten Chapter 8 with new cases added on reverse redlining and purchase money mortgage. A new primary case on the effects of improper along with a new discussion of the comparative virtues of rectangular parcels versus irregular metes-and-bounds parcels (Chapter 9). New cases on easements by estoppel; termination of covenants; the Virginia Lee statue case; new material added in the notes to reflect recent developments (e.g., Uniform Easement Relocation Act, SCOTUS decision in Cow River Preservation) (Chapter 11). New notes on recent moves to end single family zoning; new important case on aesthetic zoning (Chapter 12). A re-organized Chapter 13 including a new extended introduction to the police power cases preceding Hadacheck and running through Cedar Point Nursery, a new primary case from 2021; Tahoe-Sierra replaces Murr v. Wisconsin as a primary case; new coverage of cases involving Hurricane-related floods that the government failed to prevent; revised discussion of ripeness doctrine to reflect Knick v. Township of Scott; expanded discussion of doctrine concerning government decisions to make personal property contraband; and takings litigation over state and federal bans on bump stocks. Professors and students will benefit from: Retains the late Jesse Dukeminier’s unique blend of wit, erudition, insight, and playfulness. A dynamic casebook, encompassing cases, text, questions, problems, visual illustrations, and examples. Modular organization makes the book highly adaptable to a range of syllabi. Inclusive coverage runs the full range of property topics, including in-depth treatments of estates and future interests, servitudes, and land-use controls. Authors employ an accessible “economic lens” as a tool for thinking critically about property law. Extensive research into the backstories of many primary cases, yielding insights that are useful for teaching and understanding the legal landmarks
Publisher: Aspen Publishing
ISBN: 1543838502
Category : Law
Languages : en
Pages : 1544
Book Description
Jesse Dukeminier’s trademark wit, passion, and human interest perspective has made Property, now in its Tenth Edition, one of the best—and best loved—casebooks of all time. A unique blend of authority and good humor, you’ll find a moveable feast of visual interest, compelling cases, and timely coverage of contemporary issues. In the Tenth Edition, the authors have created a thoughtful and thorough revision, true to the spirit of the classic Property text. New to the Tenth Edition: Newly unearthed American case law on litigation over wild animals prior to Pierson v. Post (Chapter 1). The addition of primary cases the Supreme Court decided in 2020 concerning statutory annotations (Chapter 3). A new case added to the life estate section and a new recent case on defeasible fees (Chapter 4). A new primary case on whether landlords can be liable for tenant-on-tenant harassment under the Fair Housing Act, expanded coverage of anti-discrimination law, problems with eviction proceedings, COVID-19 eviction moratoria at the federal and state levels, rent control, and the section 8 program (Chapter 7). Completely rewritten Chapter 8 with new cases added on reverse redlining and purchase money mortgage. A new primary case on the effects of improper along with a new discussion of the comparative virtues of rectangular parcels versus irregular metes-and-bounds parcels (Chapter 9). New cases on easements by estoppel; termination of covenants; the Virginia Lee statue case; new material added in the notes to reflect recent developments (e.g., Uniform Easement Relocation Act, SCOTUS decision in Cow River Preservation) (Chapter 11). New notes on recent moves to end single family zoning; new important case on aesthetic zoning (Chapter 12). A re-organized Chapter 13 including a new extended introduction to the police power cases preceding Hadacheck and running through Cedar Point Nursery, a new primary case from 2021; Tahoe-Sierra replaces Murr v. Wisconsin as a primary case; new coverage of cases involving Hurricane-related floods that the government failed to prevent; revised discussion of ripeness doctrine to reflect Knick v. Township of Scott; expanded discussion of doctrine concerning government decisions to make personal property contraband; and takings litigation over state and federal bans on bump stocks. Professors and students will benefit from: Retains the late Jesse Dukeminier’s unique blend of wit, erudition, insight, and playfulness. A dynamic casebook, encompassing cases, text, questions, problems, visual illustrations, and examples. Modular organization makes the book highly adaptable to a range of syllabi. Inclusive coverage runs the full range of property topics, including in-depth treatments of estates and future interests, servitudes, and land-use controls. Authors employ an accessible “economic lens” as a tool for thinking critically about property law. Extensive research into the backstories of many primary cases, yielding insights that are useful for teaching and understanding the legal landmarks
Andrew Carnegie Speaks to the 1%
Author: Andrew Carnegie
Publisher: Gray Rabbit Publishing
ISBN: 9781515400387
Category : Social Science
Languages : en
Pages : 34
Book Description
Before the 99% occupied Wall Street... Before the concept of social justice had impinged on the social conscience... Before the social safety net had even been conceived... By the turn of the 20th Century, the era of the robber barons, Andrew Carnegie (1835-1919) had already accumulated a staggeringly large fortune; he was one of the wealthiest people on the globe. He guaranteed his position as one of the wealthiest men ever when he sold his steel business to create the United States Steel Corporation. Following that sale, he spent his last 18 years, he gave away nearly 90% of his fortune to charities, foundations, and universities. His charitable efforts actually started far earlier. At the age of 33, he wrote a memo to himself, noting ..".The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money." In 1881, he gave a library to his hometown of Dunfermline, Scotland. In 1889, he spelled out his belief that the rich should use their wealth to help enrich society, in an article called "The Gospel of Wealth" this book. Carnegie writes that the best way of dealing with wealth inequality is for the wealthy to redistribute their surplus means in a responsible and thoughtful manner, arguing that surplus wealth produces the greatest net benefit to society when it is administered carefully by the wealthy. He also argues against extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of capital during one's lifetime toward the cause of reducing the stratification between the rich and poor. Though written more than a century ago, Carnegie's words still ring true today, urging a better, more equitable world through greater social consciousness.
Publisher: Gray Rabbit Publishing
ISBN: 9781515400387
Category : Social Science
Languages : en
Pages : 34
Book Description
Before the 99% occupied Wall Street... Before the concept of social justice had impinged on the social conscience... Before the social safety net had even been conceived... By the turn of the 20th Century, the era of the robber barons, Andrew Carnegie (1835-1919) had already accumulated a staggeringly large fortune; he was one of the wealthiest people on the globe. He guaranteed his position as one of the wealthiest men ever when he sold his steel business to create the United States Steel Corporation. Following that sale, he spent his last 18 years, he gave away nearly 90% of his fortune to charities, foundations, and universities. His charitable efforts actually started far earlier. At the age of 33, he wrote a memo to himself, noting ..".The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money." In 1881, he gave a library to his hometown of Dunfermline, Scotland. In 1889, he spelled out his belief that the rich should use their wealth to help enrich society, in an article called "The Gospel of Wealth" this book. Carnegie writes that the best way of dealing with wealth inequality is for the wealthy to redistribute their surplus means in a responsible and thoughtful manner, arguing that surplus wealth produces the greatest net benefit to society when it is administered carefully by the wealthy. He also argues against extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of capital during one's lifetime toward the cause of reducing the stratification between the rich and poor. Though written more than a century ago, Carnegie's words still ring true today, urging a better, more equitable world through greater social consciousness.