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Updated about 10 years ago on .

Account Closed
  • Investor
  • San Francisco, CA
203
Votes |
577
Posts

To develop long-term wealth you MUST OWN... Not flip

Account Closed
  • Investor
  • San Francisco, CA
Posted

To develop real long-term wealth, especially in this economy, you MUST own.
Gordon Gekko from Wall Street said it best:

"The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's ********. You got ninety percent of the American public out there with little or no net wo...rth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you."