Julius Rosenwald: Dumb Money Smarts
on Tuesday, February 15, 2011Funny Money Quotes: We believe that it takes genius to get rich because there are so few wealthy people – who sometimes demonstrate their small minds despite their large bank accounts. Julius Rosenwald said:
“Do not be fooled into believing that because a man is rich he is necessarily smart. There is ample proof to the contrary” — Julius Rosenwald
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Julius Rosenwald seems to be cautioning against equating wealth with intelligence. While money can be obtained through smart decisions and hard work, Rosenwald acknowledges there is “ample proof” that high levels of wealth do not definitively correlate with or prove strong cognitive abilities or wisdom.
The quote suggests one should not presume a rich person is inherently clever just because they have accumulated significant material resources, as riches can sometimes be accumulated through other means than intellect alone, such as inheritance, circumstance or less merit-based factors.
In essence, Rosenwald appears to be advising not to conflate financial success with having a sharp mind, as possession of wealth is not necessarily a true reflection of a person’s cognitive capacity or prudence.
Birthday: August 12, 1862 – Death: January 6, 1932