Lebanese-born American investment banker, financier, activist and author
Lebanese-born American investment banker, financier, activist and author
Born: December 3, 1960
Alternative Names:
Ziad K Abdelnour
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The wealth of America isn’t an inventory of goods; it’s an organic,
living entity, a fragile, pulsing fabric of ideas, expectations, loyalties,
moral commitments, visions, and people. To slice it up like an apple
pie and redistribute it would destroy it just as surely as trying to share
Stephen Hawking’s intellect by sharing slices of his brain would surely
kill him.
You don’t need to come up with a game-changing solution to every problem. If you develop tunnel-vision on each and every hiccup, you will inevitably lose sight of the big picture and not be able to sustain your business. Those who think more in terms of turning a negative outcome into a positive potential have a much better chance of riding out the rough times.
Wealth creation is not a mathematical formula, as the truthseeking
quant geeks still want everyone to believe. In the end, their
lack of real-world experience and pride corrupted their mathematical
genius and destroyed them. You may be able to digitize a daVinci,
but that does not make it daVinci. Creating wealth is personal. It is
creating assets, creating value, or whatever act of self-perpetuation that
drives us to create a legacy.
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It is an oft-repeated axiom that a person can learn a whole lot about
a society by how it treats its poor; but just as much may be learned
by looking at how that same society treats its rich. Indeed, the economic
future of the poor — and our nation — will be determined in the coming decades by how we treat the people in this country who create great wealth. It will be determined by our understanding of the
so-called rich and by our need to foster and protect this minority of
true wealth creators.