Edgar Bronfman: Growth of Capital

Posted by admin on Tuesday, December 4, 2012

Edgar Bronfman Money Quote saying momentum and interest create money when it is idle – but big money has a greater gravitational force. Edgar Bronfman said:
 
To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable Quote
 

To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable” — Edgar Bronfman

 

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Edgar Bronfman was a businessman who came from a wealthy family, so in this quote he is commenting on the difference between accumulating wealth at different scales. His point is that for an average person, turning $100 into $110 through work and business requires diligent effort.

However, once you already have a huge sum like $100 million, turning it into $110 million almost happens inevitably through passive means like investment returns, interest accrual, and the ability to leverage large amounts of capital.

Bronfman is suggesting that it is much easier and requires less work to exponentially increase vast existing wealth than it is to build modest wealth from a small starting point through conventional work and enterprise.

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