Icon Money Quotes

Sometimes it seems to me that the private life no longer suffices for many of us, that if we are not observed by others doing glamorous things, we might as well not exist.

I don’t care if he hangs out with Skream/Benga or whoever,” he spat, “it’s just pure nonsense to ruin a hardcore genre with gay synths, chopped chipmunk vocals and cheesy poppy shit just so you can make a shitload of money and be an icon to a fanbase that consists of 13 year old wannabe dubheads and doesn’t know shit about music.

The more we associate experience with cash value, the more we think that money is what we need to live. And the more we associate money with life, the more we convince ourselves that we’re too poor to buy our freedom. With

Good Stories Always Beat Good Spreadsheets” “Whether you are raising money, pitching your product to customers, selling the company, or recruiting employees, never forget that underneath all the math and the MBA bullshit talk, we are all still emotionally driven human beings. We want to attach ourselves to narratives. We don’t act because of equations. We follow our beliefs. We get behind leaders who stir our feelings. In the early days of your venture, if you find someone diving too deep into the numbers, that means they are struggling to find a reason to deeply care about you.

we end up spending (as Thoreau put it) “the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it.” We’d love to drop all and explore the world outside, we tell ourselves, but the time never seems right. Thus, given an unlimited amount of choices, we make none. Settling into our lives, we get so obsessed with holding on to our domestic certainties that we forget why we desired them in the first place.

He directed iconic peanut butter commercials to make the money to pay off Ken and Maisie’s bills.

Become a student of success, rather than a student of how to make money. Success, true success, spreads over the whole spectrum of life -- not just our finances.

Don hits rock bottom in the series’ finest hour, “The Suitcase,” which is essentially a two-character play about Don and Peggy stuck in the office through a tumultuous night. She wants to leave for a birthday dinner with her boyfriend, while he needs company to avoid placing the phone call that will tell him that Anna Draper — the widow of the real Don, and the one person on Earth with whom this Don feels truly comfortable and safe — has died of cancer. Over the course of the episode, Jon Hamm and Elisabeth Moss are asked to play every emotion possible: rage and despair, joy and humiliation, companionship and absolute contempt. In the most iconic moment, Peggy complains that Don took all the credit for an award-winning campaign she helped conceive. “It’s your job,” he tells her, his voice dripping with condescension. “I give you money. You give me ideas.” “And you never say, ‘Thank you,’” she complains, fighting back tears. “That’s what the money is for!” he screams.

It seemed that Trump couldn’t spend fast enough. In 1988, he had paid $365 million to buy airplanes and routes from Eastern Airlines, which he turned into a Northeastern shuttle service. And he shelled out $407 million for the Plaza Hotel, the iconic château-style building across from Manhattan’s Central Park. In both cases, he borrowed most of the money, and analysts said he overpaid. The purchases loaded him up with debt at the same time he was ramping up his gambling empire by the boardwalk, and both moves would come to haunt him. To

Wasn't that what Jesus said: do what I do? He was here as an example for us to follow. Same with all prophets. Didn't the prophets tell us to be like them? That's what's wrong with Christianity. They make Jesus and the prophets into icons, take them off of earth, and put them in heaven to worship them, so they're no longer accessible. You've taken a reality and made it into a worthless idol. Christians talk about the idolatry of other religions, but when they no longer live principles and just worship the people who taught them, that's exactly what they're doing.

Why do these people crave fame? Why do any of us? Well, I’d argue it’s not about money. If it were our tabloids would be devoted to the lives and times of bankers. I think we all want to leave a legacy. We want to be remembered. We want to be Great.... In short, Alexander [the Great] was Great because others decided he was Great, because they chose to admire and emulate him. ... We made Alexander Great, just as today we make people great when we admire them and try to emulate them. History has traditionally been in the business of finding and celebrating great men, and only occasionally great women, but this obsession with Greatness is troubling to me. It wrongly implies, first, history is made primarily by men and secondly, that history is made primarily by celebrated people, which of course makes us all want to be celebrities. Thankfully we’ve left behind the idea that the best way to become an icon is to butcher people and conquer a lot of land, but the ideals that we’ve embraced instead aren’t necessarily worth celebrating either. All of which is to say we decide what to worship and what to care about and what to pay attention to. We decide whether to care about [so-called ‘celebrities’]. Alexander couldn’t make history in a vacuum, and neither can anyone else.

My goal is not to fail fast. My goal is to succeed over the long run. They are not the same thing.” “To do original work: It’s not necessary to know something nobody else knows. It is necessary to believe something few other people believe.” “Andy Grove had the answer: For every metric, there should be another ‘paired’ metric that addresses adverse consequences of the first metric.” “Show me an incumbent bigco failing to adapt to change, I’ll show you top execs paid huge cash compensation for quarterly and annual goals.” “Every billionaire suffers from the same problem. Nobody around them ever says, ‘Hey, that stupid idea you just had is really stupid.’” “‘Far more money has been lost by investors trying to anticipate corrections, than has been lost in corrections themselves.’—Peter Lynch

Virtually all letter writers confessed how their encounter with Nietzsche's philosophy either emboldened or chastened them, liberated them from old falsehoods, or saddled them with new moral responsibilities. Helen Bachmuller of Dayton, Ohio, wrote to let Förster-Nietzsche know that her brother had inspired the belief that human greatness was still possible in the modern world. Though unworthy of his greatness, he nevertheless awakened in her a longing for something deeper in herself. Nietzsche, Bachmuller confessed, had saved her from her 'own inner emptiness.' The 'Ohio country' she called home had become 'tame and commonplace,' filled with lives 'trivial and ... essentially ugly, for they are engrossed with matters of money and motors, not with work or faith or art.' She regarded the Methodist church near her house as 'vulgar, pretentious.' Though disgusted by the offensive mediocrity around her, she was also chagrined by her own limitations: 'It would be, probably, impossible for you to imagine anything more superficial than I am.' But reading presumably the recently released translation of Förster-Nietzsche's The_Nietzsche-Wagner_Correspondence had exposed Bachmuller to 'depths beyond depths, of one great soul striking fire against another great soul, and I became thrilled. I could feel the harmonies and dissonances, the swell and surge of those two glorious beings, and I felt much more that I cannot express.' Reading Nietzsche enlivened her to the possibility 'for a companionship that would stimulate, that would deepen, that would give me Tiefen [depth].' Nietzsche strengthened her resolve that 'all my life I will hold on to my hunger, if I never manage to have a soul, at any rate I will remain, by hook or crook, aware of it and I will desire one all my life, I will not accept substitutes.

The Magic of Goulash “The trip down the aisle [on a bus or train, during his travels] was where all the stakes were. Because as I’m going down that aisle, I’ve got to look for an empty seat next to somebody who seems interesting. Somebody I can trust, somebody who might be able to trust me. The stakes are high because I know that at the end of that ride, wherever it was going, that person had to invite me to their home. Because I had no money to spend night after night in a hotel.” The clincher question Cal used to get free room and board around Europe as a poor traveler was: “Can you tell me: How do you make the perfect goulash?” He would purposefully sit down next to grandmas, who would then pour out their souls. After a few minutes of passionate pantomiming, people would come from around the train to help translate, no matter the country. Cal never had to worry about where he was spending the night. “During [one dinner party a grandma threw in Hungary to feed me goulash,] one of the neighbors says, ‘Have you ever tasted apricot brandy? Because nobody makes apricot brandy like my father. He lives a half an hour away. You’ve got to come to taste the apricot brandy.’ That weekend, we’re tasting apricot brandy, having a great time. Another party starts, another neighbor comes over to me. ‘Have you ever been to Kiskunhalas, the paprika capital of the world? You cannot leave Hungary without visiting Kiskunhalas.’ Now we’re off to Kiskunhalas. I’m telling you, a single question about goulash could get me 6 weeks of lodging and meals, and that’s how I got passed around the world. 10 years. 10 years.

One of the greatest difficulties we human beings seem to have is to relinquish long-held ideas. Many of us are addicted to being right, even if facts do not support us. One fixed image we cling to, as iconic in today’s culture as the devil was in previous ages, is that of the addict as an unsavoury and shadowy character, given to criminal activity. What we don’t see is how we’ve contributed to making him a criminal. There is nothing more intrinsically criminal in the average drug user than in the average cigarette smoker or alcohol addict. The drugs they inject or inhale do not themselves induce criminal activity by their pharmacological effect, except perhaps in the way that alcohol can also fuel a person’s pent-up aggression and remove the mental inhibitions that thwart violence. Stimulant drugs may have that effect on some users, but narcotics like heroin do not; on the contrary, they tend to calm people down. It is withdrawal from opiates that makes people physically ill, irritable and more likely to act violently — mostly out of desperation to replenish their supply. The criminality associated with addiction follows directly from the need to raise money to purchase drugs at prices that are artificially inflated owing to their illegality. The addict shoplifts, steals and robs because it’s the only way she can obtain the funds to pay the dealer. History has demonstrated many times over that people will transgress laws and resist coercion when it comes to struggling for their basic needs — or what they perceive as such. Sam Sullivan, Vancouver’s quadriplegic mayor, told a conference on drug addiction once that if wheelchairs were illegal, he would do anything to get one, no matter what laws he had to break. It was an apt comparison: the hardcore addict feels equally handicapped without his substances. As we have seen, many addicts who deal in drugs do so exclusively to finance their habit. There is no profit in it for them.

Learning to meditate helped too. When the Beatles visited India in 1968 to study Transcendental Meditation at the ashram of Maharishi Mahesh Yogi, I was curious to learn it, so I did. I loved it. Meditation has benefited me hugely throughout my life because it produces a calm open-mindedness that allows me to think more clearly and creatively. I majored in finance in college because of my love for the markets and because that major had no foreign language requirement—so it allowed me to learn what I was interested in, both inside and outside class. I learned a lot about commodity futures from a very interesting classmate, a Vietnam veteran quite a bit older than me. Commodities were attractive because they could be traded with very low margin requirements, meaning I could leverage the limited amount of money I had to invest. If I could make winning decisions, which I planned to do, I could borrow more to make more. Stock, bond, and currency futures didn’t exist back then. Commodity futures were strictly real commodities like corn, soybeans, cattle, and hogs. So those were the markets I started to trade and learn about. My college years coincided with the era of free love, mind-expanding drug experimentation, and rejection of traditional authority. Living through it had a lasting effect on me and many other members of my generation. For example, it deeply impacted Steve Jobs, whom I came to empathize with and admire. Like me, he took up meditation and wasn’t interested in being taught as much as he loved visualizing and building out amazing new things. The times we lived in taught us both to question established ways of doing things—an attitude he demonstrated superbly in Apple’s iconic “1984” and “Here’s to the Crazy Ones,” which were ad campaigns that spoke to me. For the country as a whole, those were difficult years. As the draft expanded and the numbers of young men coming home in body bags soared, the Vietnam War split the country. There was a lottery based on birthdates to determine the order of those who would be drafted. I remember listening to the lottery on the radio while playing pool with my friends. It was estimated that the first 160 or so birthdays called would be drafted, though they read off all 366 dates. My birthday was forty-eighth.

he explains the secret of his success this way: “There were three reasons why we survived: We had no money, we had no technology, and we had no plan.

Well, I decided to flip it around and travel when I was really young, when I had zero money. And I had experiences that, basically, even a billion dollars couldn’t have bought.

Dennis is an icon. Hefner had some good pictures in his magazine, sure, but Dennis Hof sells legal pussy. He’s an American hero

I think we need to teach kids two things: 1) how to lead, and 2) how to solve interesting problems. Because the fact is, there are plenty of countries on Earth where there are people who are willing to be obedient and work harder for less money than us. So we cannot out-obedience the competition. Therefore, we have to out-lead or out-solve the other people. . . .

Gaddafi became an icon for those fighting apartheid in South Africa. He supported the African National Congress with money, weapons and training, earning the undying gratitude of Nelson Mandela, which caused immense diplomatic inconvenience in later years, when Gaddafi was still a pariah and Mandela the toast of the world.

This faction hoped to use their wealth to advance a strain of conservative libertarian politics that was so far out on the political fringe as recently as 1980, when David Koch ran for vice president of the United States on the Libertarian Party ticket, it received only 1 percent of the American vote. At the time, the conservative icon William F. Buckley Jr. dismissed their views as “Anarcho-Totalitarianism.

Back to Tony, “cap the downside” also applies to thinking long-term about fees and middlemen: “If three of my friends [and I] all put aside the same amount of money, and we all get a 7% return, but my buddy’s getting fees of 3%, my other buddy’s 2%, and I’m 1%, and all three of us put $1 million in or $100,000 . . . the person with 3% of fees ends up with 65% less money [in the long-term]. . . .

In Money: Master the Game, Ray Dalio elaborated for Tony: “When people think they’ve got a balanced portfolio, stocks are three times more volatile than bonds. So when you’re 50/50, you’re really 90/10. You really are massively at risk, and that’s why when the markets go down, you get eaten alive. . . . Whatever asset class you invest in, I promise you, in your lifetime, it will drop no less than 50% and more likely 70% at some point. That is why you absolutely must diversify.

Why Are You Investing, Anyway? For me, the goal of “investing” has always been simple: to allocate resources (e.g., money, time, energy) to improve quality of life.

If you want to be wealthy—as measured in money, time, relationships, ease of sleep, or otherwise—“spiritual windshield wipers” will help you get there with fewer accidents and less headache.

As legendary hedge fund manager Ray Dalio told Tony Robbins (page 210): “It’s almost certain that whatever you’re going to put your money in, there will come a day when you will lose 50% to 70%.” It pays to remember that if you lose 50%, you need a subsequent 100% return to get back to where you started. That math is tough.

The nation is teetering on financial ruin due to the unconscionable profligate spending, borrowing, taxing, and money printing by the federal government. Several decades ago, Dr. Milton Friedman, an iconic economist and Nobel laureate, concluded that “it is not in the interest of a legislator to vote against a particular appropriation bill if that vote would create strong enemies while a vote in its favor would alienate few supporters.

They were planning to launch a pioneering series of ‘disposable records’–the aural equivalent of paperback books, which would offer readings or speeches by iconic figures of the age at a bargain price. There would even be albums of the Beatles in conversation, the company announced. McCartney and Harrison were prepared to spend half the year in California, to establish Apple as a truly transatlantic enterprise.

Well, even if we lose our money, we’ll have a company. For once in our lives, we’ll have a company.

Take, for example, Vlasic pickles, a well-known everyday brand. Walmart’s ‘innovation’ was to sell these pickles in one gallon (3.8 litre) jars for $2.97. Was this a shrewd retailer’s response to market demand? No it was not. Who would want to buy almost four litres of pickles? Few family fridges had the necessary room for such an item. So what was the selling point? It was the idea of a huge quantity at an ultra-low price. Walmart’s customers, in this sense, were not buying pickles as such. They were buying into the symbolic value of cheapness; into the notion of having appropriated so many pickles for so little money. Indeed, it made them feel as though they were Walmart’s accomplices – in association with an icon of American corporate might, they had forced

A Tale of Two Parking Requirements The impact of parking requirements becomes clearer when we compare the parking requirements of San Francisco and Los Angeles. San Francisco limits off-street parking, while LA requires it. Take, for example, the different parking requirements for concert halls. For a downtown concert hall, Los Angeles requires, as a minimum, fifty times more parking than San Francisco allows as its maximum. Thus the San Francisco Symphony built its home, Louise Davies Hall, without a parking garage, while Disney Hall, the new home of the Los Angeles Philharmonic, did not open until seven years after its parking garage was built. Disney Hall's six-level, 2,188-space underground garage cost $110 million to build (about $50,000 per space). Financially troubled Los Angeles County, which built the garage, went into debt to finance it, expecting that parking revenues would repay the borrowed money. But the garage was completed in 1996, and Disney Hall—which suffered from a budget less grand than its vision—became knotted in delays and didn't open until late 2003. During the seven years in between, parking revenue fell far short of debt payments (few people park in an underground structure if there is nothing above it) and the county, by that point nearly bankrupt, had to subsidize the garage even as it laid employees off. The money spent on parking shifted Disney Hall's design toward drivers and away from pedestrians. The presence of a six-story subterranean garage means most concert patrons arrive from underneath the hall, rather than from the sidewalk. The hall's designers clearly understood this, and so while the hall has a fairly impressive street entrance, its more magisterial gateway is an "escalator cascade" that flows up from the parking structure and ends in the foyer. This has profound implications for street life. A concertgoer can now drive to Disney Hall, park beneath it, ride up into it, see a show, and then reverse the whole process—and never set foot on a sidewalk in downtown LA. The full experience of an iconic Los Angeles building begins and ends in its parking garage, not in the city itself. Visitors to downtown San Francisco have a different experience. When a concert or theater performance lets out in San Francisco, people stream onto the sidewalks, strolling past the restaurants, bars, bookstores, and flower shops that are open and well-lit. For those who have driven, it is a long walk to the car, which is probably in a public facility unattached to any specific restaurant or shop. The presence of open shops and people on the street encourages other people to be out as well. People want to be on streets with other people on them, and they avoid streets that are empty, because empty streets are eerie and menacing at night. Although the absence of parking requirements does not guarantee a vibrant area, their presence certainly inhibits it. "The more downtown is broken up and interspersed with parking lots and garages," Jane Jacobs argued in 1961, "the duller and deader it becomes ... and there is nothing more repellent than a dead downtown.

Progressives needed a new idea, and Alinsky came up with one: force banks and financial institutions to loan money to unqualified applicants so that they can buy homes. Alinsky’s own idea was to terrorize the banks by having thousands of activists walk into banks and open up accounts of one dollar each, in effect paralyzing the bank’s normal operations. This became the model for a number of leftist groups that took up the cause of bank intimidation, notably an Alinskyite organization called ACORN. The ideological justification for this tactic was “social justice.” Starting in the 1970s, ACORN and other leftist groups protested that banks were “discriminating” against poor and minority home loan applicants. Even though such applicants had less wealth, less income, and less reliable credit histories, these groups insisted that banks should lower their lending standards to accommodate them. According to these activists, home ownership was a “right” and getting a mortgage to buy a home was a matter of “fairness.” In 1977, a liberal Democratic Congress obligingly passed, and President Jimmy Carter signed into law, the Community Reinvestment Act (CRA). This law, aggressively promoted by liberal icons like Senator Ted Kennedy and Senator William Proxmire, imposed on banks an “affirmative obligation” to make loans in their own neighborhoods, even if those neighborhoods were poor credit risks.

If you find yourself saying, “But I’m making so much money” about a job or project, pay attention. “But I’m making so much money,” or “But I’m making good money” is a warning sign that you’re probably not on the right track or, at least, that you shouldn’t stay there for long. Money can always be regenerated. Time and reputation cannot.

I think we need to teach kids two things: 1) how to lead, and 2) how to solve interesting problems. Because the fact is, there are plenty of countries on Earth where there are people who are willing to be obedient and work harder for less money than us.

There were three reasons why we survived: We had no money, we had no technology, and we had no plan. Every dollar, we used very carefully.

Brain scans have shown that high-end brands evoke the same neural response as religious images; that, shocking and lamentable though it may be, an iPod has the same effect as Mother Teresa. Also, the windows displaying these material icons extend from floor to ceiling, completely exposing the bright interiors, and the entrances are wide and doorless, so the instinctive fear of entering an unfamiliar enclosed space is overcome. Inside, young, attractive sales staff approach, seeking eye contact with friendly encouraging smiles, creating the illusion of youth and attractiveness in the shopper. The loud soul music suggests a bar or club where mutual attraction can blossom but, unlike the brutally competitive bars and clubs, here there is no possibility of rejection. Spending money is the easiest orgasm. Open the wallet and flash the bright card.

(Prov. 31:10–11) This woman is a role model. She is a high-capacity woman, very capable as “a helper fit for him.” In fact, the phrase “an excellent wife” in verse 10 can be translated more literally “a woman of strength.” The Septuagint, the ancient Greek translation of the Hebrew Bible, even renders the phrase as “a manly woman.” This iconic woman is strong. How so? This poem goes on to say that she works hard, she makes money, she is kind to the poor, she is fearless about the future, she enhances her husband’s reputation, she speaks with wisdom, plus more. Verse 17 sums it up: “She

Don't judge people by their appearance cos if all it takes to beat your INTELLIGENCE is appearing with glittering and flashy money display swags then you will remain slaves to others forever until your only focused in life because only to appear better than your Yesterdays and even much more prepared for your present and future

Whether you are raising money, pitching your product to customers, selling the company, or recruiting employees, never forget that underneath all the math and the MBA bullshit talk, we are all still emotionally driven human beings. We want to attach ourselves to narratives. We don’t act because of equations. We follow our beliefs. We get behind leaders who stir our feelings. In the early days of your venture, if you find someone diving too deep into the numbers, that means they are struggling to find a reason to deeply care about you.

Life is too stupid to the extent that no matter your improvement,no matter your performance,no matter your efforts AGE will still catch up with you and offer you wealth only when your too old to do the most important things you had wished to accomplished at certain age, this makes contributing to national growth a had thing to do even if you have the money in abundance. Those that still gives without thinking about those who will be benefiting from your toils hard earned money are the most lived souls. Be a Giver No matter how human ungratefulness makes you feels like ,You may not see the blessing today ,some good deeds pays the gateway to paradise cos it takes a Forgiven Heart to Give without thinking

Ford actually figured out how much money to set aside for accounts payable each month by weighing its bills on a scale.

Kalinske wanted Sonic to become an instantly recognizable cultural icon who could define the decade and eventually grow into a multibillion-dollar intellectual property that would continue to pump money into Sega for decades even after he’d left the company. This was why Sega of America had been so protective of Sonic. They didn’t want him to join that long list of videogame characters whose innovative gameplay had made them celebrities but whose lack of dimension had caused them to fade away. They had to make sure that Sonic would find a better fate than one-hit wonders like Dig-Dug, Frogger, or even Mr. & Mrs. Pac-Man, all of which had aged with the ungraceful gawkiness of a former child star.

Of 1,091 inventions patented in Canada, only 75 of them ever made it to market—less than 1 percent. Of these, 45 lost money. Just 6 out of 1,091 patented inventions made significant profits for their inventors.

Kildall, the innovator, followed his passion for technical excellence and was shocked that IBM wouldn’t follow him. Gates, the imitator, took his cues from IBM every step of the way, because he believed that following Big Blue was the smartest way to follow the money.

In the restaurant, my wife always says, ‘You didn’t look at the bill.’ I say, ‘I don’t want to worry myself by looking at the bill and asking, ‘who had the onion rings?’ or ‘they overcharged me for chips.’ Because those moments all add up to years. And how much money would you pay for another year?” Why

You’re not your job. You’re not how much money you have in the bank. You’re not the car you drive. You’re not the contents of your wallet. You’re not your fucking khakis. You’re the all-singing, all-dancing crap of the world.” Why

Most females get fucked and laid by gatemen and penniless people because they claim to be wise, thinks of their new catch spending on their first meeting either in public entertainment social networking for getting anyone can be anyone with money and the poor no matter how bad things are will by all means find comfort with money in some of their days . Everyone already knew and will claim to fully knew who are the demonstrators of the words that states ITS NOT ALL THAT GLITTERS THAT IS GOLD

How might you put this into practice? Here are a few things I’ve done repeatedly for 3 to 14 days at a time to simulate losing all my money: Sleeping in a sleeping bag, whether on my living room floor or outside Wearing cheap white shirts and a single pair of jeans for the entire 3 to 14 days Using CouchSurfing.com or a similar service to live in hosts’ homes for free, even if in your own city Eating only A) instant oatmeal and/or B) rice and beans Drinking only water and cheap instant coffee or tea Cooking everything using a Kelly Kettle. This is a camping device that can generate heat from nearly anything

The more we associate experience with cash value, the more we think that money is what we need to live. And the more we associate money with life, the more we convince ourselves that we’re too poor to buy our freedom.

If you’ve got enough money to solve the problem, you don’t have the problem.” In the beginning of your career, you spend time to earn money. Once you hit your stride in any capacity, you should spend money to earn time, as the latter is nonrenewable. It can be hard to make and maintain this gear shift, so the above question is in my regular journaling rotation.

How Ma Bell Helped Us Build the Blue Box In 1955, the Bell System Technical Journal published an article entitled “In Band Signal Frequency Signaling” which described the process used for routing telephone calls over trunk lines with the signaling system at the time. It included all the information you’d need to build an interoffice telephone system, but it didn’t include the MF (multifrequency) tones you needed for accessing the system and dialing. But nine years later, in 1964, Bell revealed the other half of the equation, publishing the frequencies used for the digits needed for the actual routing codes. Now, anybody who wanted to get around Ma Bell was set. The formula was there for the taking. All you needed were these two bits of information found in these two articles. If you could build the equipment to emit the frequencies needed, you could make your own free calls, skipping Ma Bell’s billing and monitoring system completely. Famous “phone phreaks” of the early 1970s include Joe Engressia (a.k.a. Joybubbles), who was able to whistle (with his mouth) the high E tone needed to take over the line. John Draper (a.k.a. Captain Crunch) did the same with the free whistle that came inside boxes of Cap’n Crunch. A whole subculture was born. Eventually Steve Jobs (a.k.a. Oaf Tobar) and I (a.k.a. Berkeley Blue) joined the group, making and selling our own versions of the Blue Boxes. We actually made some good money at this.

Now, I accept that Apple had to work the way a company has to. There are a lot of people who operate the company, and there are a lot of people on the board who run things. So the reasoning is very difficult to see. I mean, this was a time when the company had one reputation but it was totally different on the inside. It very much bothered me that you can get away with all kinds of things when you are successful. For example, a bad person can get away with a lot of things if they have a lot of money. And a bad person can hide it—hide behind the money—and keep on being a bad person.

Often, there’s a very basic, very dumb question at the center of a story that no one’s asking. One of the biggest stories I ever did, ‘The Giant Pool of Money,’ was predicated on just such a dumb question: ‘Why are the banks loaning money to people who can’t possibly pay it back?’ Asking the right dumb question is often the smartest thing you can do.

Vagabonding starts now. Even if the practical reality of travel is still months or years away, vagabonding begins the moment you stop making excuses, start saving money, and begin to look at maps with the narcotic tingle of possibility. From here, the reality of vagabonding comes into sharper focus as you adjust your worldview and begin to embrace the exhilarating uncertainty that true travel promises.

of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it.” We’d love to drop all and explore the world outside, we tell ourselves, but the time never seems right. Thus, given an unlimited amount of choices, we make none. Settling into our lives, we get so obsessed with holding on to our domestic certainties that we forget why we desired them in the first place. Vagabonding is about gaining the courage to loosen your grip on the so-called certainties of this world. Vagabonding is about refusing to exile travel to some other, seemingly more appropriate time of your life. Vagabonding is about taking control of your circumstances instead of passively waiting for them to decide your fate.

therefore an investment like that is unbeatable. Buildings that I would buy for $500K within the year were $800K and I put only maybe $100K down, so you made 300% on your money. . . . I quickly developed and traded up my buildings and bought more apartment buildings and office buildings on Main Street down in Santa Monica and so on. . . . I benefited from [a magic decade] and I became a millionaire from my real estate investments.

I think we need to teach kids two things: 1) how to lead, and 2) how to solve interesting problems. Because the fact is, there are plenty of countries on Earth where there are people who are willing to be obedient and work harder for less money than us. So we cannot out-obedience the competition. Therefore, we have to out-lead or out-solve the other people. . . .

Show me an incumbent bigco failing to adapt to change, I’ll show you top execs paid huge cash compensation for quarterly and annual goals.” “Every billionaire suffers from the same problem. Nobody around them ever says, ‘Hey, that stupid idea you just had is really stupid.’” “‘Far more money has been lost by investors trying to anticipate corrections, than has been lost in corrections themselves.’—Peter Lynch

Durstan Reginald McDonald, whom everybody called Dusty. Dusty became one of my most important mentors. Aside from being chaplain, he taught philosophy and had a Ph.D. from the University of Pennsylvania. Probably in his late forties at the time, Dusty was a married father with a crew cut—in other words, a grown-up. Contrary to the iconic proclamation of the ’60s to “never trust anyone over thirty,” Dusty was trusted by every kid on campus, from conscientious objectors to conservative fraternity guys. Dusty helped me arrive at answers in the way a good chaplain does: He listened, asked questions, and maybe made a few suggestions. He never made a conclusion for you, instead helping light the way as you eked out your own path. We had one particularly influential conversation on an airplane, on our way to a student conference. I was still considering law school but starting to think more and more about ordination. I told Dusty about my father’s financial struggles. “I’ve seen what that’s like. I don’t need to be rich, but maybe I could go to law school and make some money and do good at the same time,” I said. “It’s true, you don’t get rich by being ordained,” he said. “But you’ll never starve, either. Your family will have enough to get by.” Thinking about my own family again, I realized that even under extreme circumstances, it was true. In the worst crises, we never starved, or even wanted. “You have to ask yourself what you want out of life. If it isn’t money, then maybe having enough is enough.” This conversation helped me get much clearer on myself. It wasn’t my dream to be rich. I knew I wanted to work for a better world. But should it be through law or public administration, or in the church? I meditated and prayed on that question, and I always felt myself coming back to my grandma.

Confronted with a seemingly unmanageable emotional universe, some people embraced a new Protestant work ethic, convinced that a successful life would be measured by how much money one made and the goods one could buy with this money. The good life was no longer to be found in community and connection, it was to be found in accumulation and the fulfillment of hedonistic, materialistic desire. In keeping with this shift in values from a people-oriented to a thing-oriented society, the rich and famous, particularly movie stars and singers, began to be seen as the only relevant cultural icons.

For me, the goal of “investing” has always been simple: to allocate resources (e.g., money, time, energy) to improve quality of life. This is a personal definition, as yours likely will be.

Life favors the specific ask and punishes the vague wish. So, here “investing” means to allocate resources (e.g., money, time, energy) to improve quality of life.

Leadership isn’t just for global icons and marketplace titans. It’s an arena everyone gets to play in. Because leadership is a lot less about having a formal title, a large office and money in the bank. And a lot more about committing to mastery over all you do—and in who you are. It’s about resisting the tyranny of the ordinary, refusing to allow negativity to hijack your sense of awe and preventing any form of slavery to mediocrity from infesting your life. Leadership is about making a difference, right where you’re planted. Real leadership is about sending out brave work that exemplifies genius, turns your whole field on its head by its scope, innovation and execution, and is so staggeringly sublime that it stands the test of time.

John Myers, who spent thirty-seven years at GE, ran its pension fund for years, and sat on the GE Capital board, explained to me the keys to the success of GE Capital: GE’s AAA credit rating, allowing it to borrow money very cheaply. “Banks weren’t even rated AAA at that time,” he said. “We borrowed money cheaper than anyone could.” GE could also use GE Capital to reduce the taxes GE would otherwise pay on earnings from its very profitable industrial businesses. Here’s how that worked: If, say, an airline bought a new jet, it would have an asset that would depreciate over time, and the airline could use the depreciation to reduce its taxable income. But, at that time anyway, most airlines didn’t make much money, if any, so the value of the depreciation deductions was of little use to them. But to GE, the depreciation—the tax deductions—would be very valuable as a way to reduce GE’s pretax income and therefore to pay less in taxes. With that logic, GE Capital would buy the jets, lease them to the airlines at commercially attractive rates, and then use the depreciation on the jets to reduce the pretax income at GE.

Ten shockingly arty events What arty types like to call a ‘creative tension’ exists in art and music, about working right at the limits of public taste. Plus, there’s money to be made there. Here’s ten examples reflecting both motivations. Painting: Manet’s Breakfast on the Lawn, featuring a group of sophisticated French aristocrats picnicking outside, shocked the art world back in 1862 because one of the young lady guests is stark naked! Painting: Balthus’s Guitar Lesson (1934), depicting a teacher fondling the private parts of a nude pupil, caused predictable uproar. The artist claimed this was part of his strategy to ‘make people more aware’. Music: Jump to 1969 when Jimi Hendrix performed his own interpretation of the American National Anthem at the hippy festival Woodstock, shocking the mainstream US. Film: In 1974 censors deemed Night Porter, a film about a love affair between an ex-Nazi SS commander and his beautiful young prisoner (featuring flashbacks to concentration camp romps and lots of sexy scenes in bed with Nazi apparel), out of bounds. Installation: In December 1993 the 50-metre-high obelisk in the Place Concorde in the centre of Paris was covered in a giant fluorescent red condom by a group called ActUp. Publishing: In 1989 Salman Rushdie’s novel Satanic Verses outraged Islamic authorities for its irreverent treatment of Islam. In 2005 cartoons making political points about Islam featuring the prophet Mohammed likewise resulted in riots in many Muslim cities around the world, with several people killed. Installation: In 1992 the soon-to-be extremely rich English artist Damien Hirst exhibited a 7-metre-long shark in a giant box of formaldehyde in a London art gallery – the first of a series of dead things in preservative. Sculpture: In 1999 Sotheby’s in London sold a urinoir or toilet-bowl-thing by Marcel Duchamp as art for more than a million pounds ($1,762,000) to a Greek collector. He must have lost his marbles! Painting: Also in 1999 The Holy Virgin Mary, a painting by Chris Ofili representing the Christian icon as a rather crude figure constructed out of elephant dung, caused a storm. Curiously, it was banned in Australia because (like Damien Hirst’s shark) the artist was being funded by people (the Saatchis) who stood to benefit financially from controversy. Sculpture: In 2008 Gunther von Hagens, also known as Dr Death, exhibited in several European cities a collection of skinned corpses mounted in grotesque postures that he insists should count as art.

In their authoritative 1995 work, Voice and Equality, political scientists Sidney Verba, Kay Lehman Schlozman, and Henry E. Brady demonstrated that political activity varied by class. Their study found that 86 percent of high-income people reported having voted, but only 52 percent of low-income people said they voted. And 73 percent of high-income people were involved with a political organization, compared to 29 percent of low-income people. A 2012 sequel by the same authors showed a widening of these patterns, as institutions of working-class participation such as trade unions continued to decline, while the influence of the wealthy concentrated. The affluent go to meetings, are active members of groups concerned with public issues, and develop “civic skills” far more than the poor do—and that disparity has been widening. The iconic Norman Rockwell painting of an ordinary working fellow standing up to speak his mind at a town meeting, meant to depict one of FDR’s Four Freedoms, belongs to another era. And yet, in the Trump rebellion, regular working people who had little regard for civic norms abruptly recovered their voices in a fashion characteristic of mass society—disaffected people sharing not always rational rage with an irrational leader. They even formed new, Tocqueville-style associations, the Tea Parties. Voice and Equality concluded that lower-income people participate at lower rates for three reasons: “they can’t” (because they lack the time or money); “they don’t want to” (because they don’t believe that politics will make a positive difference in their lives); and “nobody asked them” (the political system has few avenues of recruitment for lower-income people). In a survey of why so many people avoided politics, one key reason was that politics felt irrelevant. This view, of course, was also correlated by social class. Nobody in large corporations believes that politics is irrelevant. Trust in government—and in all major institutions—has been falling for half a century. When the American National Election Study first asked the question in 1958, 73 percent of Americans said they trusted the federal government to do the right thing “just about always” or “most of the time.” That sense of trust peaked in 1964, at 78 percent, and has been steadily dropping ever since. By 2015, it was down to just 19 percent. The

I did make a conscious decision, a long time ago, to choose time over money, since you can always make more money. And I’ve always understood that the best investment of my limited time on earth is to spend it with people I love. I suppose it’s possible I’ll lie on my deathbed regretting that I didn’t work harder, write more, and say everything I had to say, but I think what I’ll really wish is that I could have one more round of Delanceys with Nick, another long late-night talk with Lauren, one last good hard laugh with Harold. Life is too short to be busy.

Nobody believes that – or, rather, nobody dares believe it. What is this curse that makes us all so inert and cowed that we cannot pull ourselves together and deprive the generals of their grants? We are oafs most of us, lazy and ignorant, and we nod our heads and are satisfied when we hear a lot of profound nonsense about ‘balance of power’ and ‘interplay of forces’ and all the rest of the jargon. Balance of power? If every Tom, Dick and Harry were to exert himself and demand that the money should be spent on making him better off instead of on arms and war there would be no war and we should all be better off. But the Toms, Dicks and Harrys must first bang their fists on the table and let it be known who holds the power and how that power is to be used.

I’ve heard some horror stories from students who spent precious time and money in a class that seemed to be more about the teacher than about the students. Be wary of classes that appear to be cultish or designed to flatter the ego of the instructor. Also look out for frequent and lengthy anecdotes about famous people. The focus of any class should always be on the work of the artists who are present, not on the work of icons who are not.

Apart from money, very few symbols have the power to start wars and terminate friendships. Two exceptions to that rule are symbols of nationalism and icons of religion.

ANY TIME I’M TELLING MYSELF, ‘BUT I’M MAKING SO MUCH MONEY,’ THAT’S A WARNING SIGN THAT I’M DOING THE WRONG THING.

To use Messenger Pay, you connected your existing Visa or Mastercard debit card as a back end. To send someone money, you opened a message to that person, tapped the “$” icon, entered an amount and tapped “pay.” You could receive money by connecting your debit card for the money to be sent to.252 Messenger Pay didn’t charge a transaction fee — what Facebook got out of this was keeping you on the platform, and showing you ads. And, of course, that juicy personal financial data.253

Once you have enough for beans and rice and taking care of your family and a few other things, money is a story. You can tell yourself any story you want about money, and it’s better to tell yourself a story about money that you can happily live with.

The corporate czars we celebrate—with some exceptions—are second or third-generation tycoons who run huge empires comprising dozens of unrelated businesses. Traditional management theory will wonder how a company can be in food, telecom, power, construction and financial sectors all at the same time. However, in India, such conglomerates thrive. The promoters of these companies have the required skill—navigating the Indian government maze. Whether it is obtaining permission to set up a power plant, or to use agricultural land for commercial purposes, or to obtain licences to open a bank or sell liquor—our top business promoters can get all this done, something ordinary Indians would never be able to. This is why they are able to make billions. We then load them with awards, rank them on lists and treat them as role models for the young. In reality, they are hardly icons. They have milked an unfair system for their personal benefit, taking opportunities that would have belonged to the young on a level playing field. Indian companies make money from rent-seeking behaviour, creating artificial barriers of access to regulators, thereby depriving our start-ups of wealth-generating opportunities. None of the recent technologies that have changed the world and created wealth—telecom, computers, aviation—have come out of India. Yet, our promoters have figured out a way to make money from them by bulldozing their way into their share of the pie, rationing out the technology to Indians and setting themselves up as modern-day heroes. In reality, they are no heroes. They are the opposite of cool and, despite their billions, they are what young people call 'losers'. For if they are not losers, why have they never raised their voices against governmental corruption? Our corporate honchos don't think twice before creating a cartel to fleece customers. Yet they have never even thought about creating a cartel to take a stand against corrupt politicians. The Great Indian Social Network, page 16 and 17

To be clear, every day—for the rest of your life—you’ll be faced with the chance of showing leadership, wherever you are and in all that you do. Leadership isn’t just for global icons and marketplace titans. It’s an arena everyone gets to play in. Because leadership is a lot less about having a formal title, a large office and money in the bank. And a lot more about committing to mastery over all you do—and in who you are. It’s about resisting the tyranny of the ordinary, refusing to allow negativity to hijack your sense of awe and preventing any form of slavery to mediocrity from infesting your life. Leadership is about making a difference, right where you’re planted.

the late 1990s, one of the largest slot machine manufacturers hired a former video game executive to help them design new slots. That executive’s insight was to program machines to deliver more near wins. Now, almost every slot contains numerous twists—such as free spins and sounds that erupt when icons almost align—as well as small payouts that make players feel like they are winning when, in truth, they are putting in more money than they are getting back. “No other form of gambling manipulates the human mind as beautifully as these machines,” an addictive-disorder researcher at the University of Connecticut School of Medicine told a New York Times reporter in 2004.

If you’ve got enough money to solve the problem, you don’t have the problem.” In