Haile Gebrselassie on Ethiopian Investment
on Thursday, March 27, 2014Haile Gebrselassie Money Quotation saying spending and investing is best done close to home and where you understand the impact the cash can have there. Haile Gebrselassie said:
“It is not my duty to spend my money in my country, but it is what I want to do. There is nowhere else I would like to invest” — Haile Gebrselassie
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As we discussed previously, this quote from Haile Gebrselassie suggests that while he has no obligation to reinvest his wealth within his home nation of Ethiopia, he chooses to do so out of personal preference and priorities.
The best interpretation is that Gebrselassie feels a strong desire to support his country’s economy and community through job and wealth creation by using his financial resources to fund businesses and development projects within Ethiopia.
While he could pursue opportunities abroad for potentially higher returns, Gebrselassie implies that giving back to the place and people who helped shape him is more important.
The quote conveys Gebrselassie’s patriotic values and commitment to his country above purely profit-driven motives. It seems he finds the greatest fulfillment investing in Ethiopia’s future rather than seeking highest returns elsewhere.