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Re:How to get rich without being lucky (2019) by slg on Saturday May 22, 2021 @04:40PM (#27250070)
>Greed is a superior motivator because it has no bounds. When someone is obsessed with accumulating wealth, it tends to be a never-ending pursuit. No matter how much wealth they accumulate, they're left wanting more. This is in stark contrast to more wholesome values, which tend to be more easily satiated.

I'm not sure why you are stating this like it is a universal fact. Plenty of people reach a level of wealth in which their desire for more is satiated and many people have a need to do good that is never fully satisfied. It all depends on the person.

Re:How to get rich without being lucky (2019) by fairity on Saturday May 22, 2021 @04:58PM (#27250214)
> It all depends on the person.

Agreed. I'm speaking in generalities to make the point that, on average, greed is a superior motivating force. At least from personal experience, I've found far more people foregoing personal health and relationships for the sake of wealth accumulation than societal contribution. Even among those that eventually satiate their desire for wealth, it's mostly because their values have shifted (not because their ultimate value remains wealth accumulation and now they have enough).

Re:How to get rich without being lucky (2019) by atlgator on Saturday May 22, 2021 @05:02PM (#27250248)
You just matched one viewpoint with an opposing one. At least the OP's opinion has some empirical evidence in the form of Gates, Jobs, Rockefeller, Vanderbilt, and so on. All greedy robber barons of their time that made profound impacts on industry and society while treating their employees like grist for the mill.
Re:How to get rich without being lucky (2019) by mettamage on Saturday May 22, 2021 @05:59PM (#27250642)
Self determination theory is the opposite. And has a lot of empirical evidence.

Also check the overjustification effect to see how extrinsic motivation destroys any motivation.

Imo intrinsic > extrinsic

Any time any day.

Want examples? Look at passionate people. Look at academia. They’re not a handful if people but tons of them that did good work that helped innovation.

Re:How to get rich without being lucky (2019) by Retric on Saturday May 22, 2021 @05:43PM (#27250529)
Gates stopped and started spending his money. If the wealthiest person in the world eventually gives up that suggests greed is bound, it’s simply high enough in many people that they never realize that goal.

Further the institution of retirement suggests greed isn’t an unlimited motivator for most people.

Re:How to get rich without being lucky (2019) by mettamage on Saturday May 22, 2021 @06:01PM (#27250662)
Yep, see FIRE and it’s sibling acronyms.
Re:How to get rich without being lucky (2019) by robocat on Saturday May 22, 2021 @06:39PM (#27250882)
Is Gates actually spending it faster than his equity is rising in value?
Re:How to get rich without being lucky (2019) by atlgator on Saturday May 22, 2021 @09:19PM (#27251678)
I doubt it, considering he's now the largest private farmland owner in the United States. He's got a LOT of capital and it's growing every second. Now he'll be splitting it with his wife though and I expect we'll hear more stories about his philandering. The guy's a demon. He just uses a PR company now to make himself look humanitarian. He even tried to teach Epstein to do the same to rehabilitate his image. https://www.theguardian.com/commentisfree/2021/apr/05/bill-g... https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-...
Re:How to get rich without being lucky (2019) by Retric on Saturday May 22, 2021 @09:46PM (#27251792)
For a decade he did, though not in the past 5 years. However, it’s kind of funny at those levels of wealth if you buy a 30 million dollar painting for example it’s likely worth more in a decade.

It’s not exactly difficult to spend a billion dollars, yet to spend several Billion dollars per year without retaining any value is basically just charity, politics, or bad investments.

Re:How to get rich without being lucky (2019) by robocat on Saturday May 22, 2021 @06:37PM (#27250873)
As GP said in your quote “When someone is obsessed…”.

Disclaimer: not saying I agree with GP.