Posts Tagged ‘abundance’

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Sam Bankman-Fried: Crypto Mental

Posted by admin on Wednesday, December 14, 2022

Meaning of Sam Bankman-Fried Money Quote: saying money and finance are abundant and crypto-currency is included. Sam Bankman-Fried said:
 
limited resources. Money is not. Business opportunities are not. And the crypto industry is not Quote
 

“I have an abundance mentality. I think most things in this world are not limited resources. Money is not. Business opportunities are not. And the crypto industry is not” — Sam Bankman-Fried

 

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In this quote, Sam Bankman-Fried seems to be expressing an optimistic view that resources and opportunities for growth are abundant rather than scarce. Some key points:

  • He describes having an “abundance mentality” rather than one of limitation or zero-sum thinking.
  • Bankman-Fried believes “most things” like money, business prospects, and the crypto industry specifically are “not limited resources” with finite potential.
  • This implies he saw ample room for expanding financial inclusion through innovative products, felt opportunities were plentiful rather than competitive, and viewed crypto as primed for much further development and adoption.
  • The quote conveys a mindset of possibility, expansion and win-win cooperation rather than of constraints, trade-offs or the need to compete directly over constrained pools of capital or customers.

Overall, Bankman-Fried appears to have approached FTX’s growth in a spirit of abundance rather than scarcity, which may have influenced a lax approach to risk management and oversight if downsides were not properly accounted for given this perspective.

Don Boudreaux: Innate Wealth

Posted by admin on Tuesday, November 24, 2020

Don Boudreaux Money Quote saying there are reasons for some things that money can’t explain or resolve – no matter our expectations. Don Boudreaux said:
 
Poverty has no causes. Wealth has causes. But capitalism has been so enormously successful at producing widespread material abundance Quote
 

Poverty has no causes. Wealth has causes. But capitalism has been so enormously successful at producing widespread material abundance that we today … regard wealth as innate to our existence, as our default mode. It is not” — Don Boudreaux

 

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In this quote, Don Boudreaux seems to be challenging common assumptions about wealth and poverty. By stating that “poverty has no causes” while “wealth has causes”, Boudreaux implies poverty is a natural baseline state for humanity that requires explanation, while abundance is an achieved condition with identifiable contributing factors.

His comment that capitalism’s success makes wealth seem “innate” and “our default mode” but it is not conveys Boudreaux’s perspective that widespread prosperity is a historic anomaly achieved through free-market policies, not the natural order.

Overall, the quote portrays Boudreaux’s view that poverty, not wealth, should be society’s expected state, and that attributing poverty to personal faults ignores it as humanity’s natural condition absent factors like industry and free exchange that facilitated unprecedented gains.

Desiderius Erasmus: Abundance Sin

Posted by admin on Monday, August 24, 2020

Desiderius Erasmus Money Quote saying it is sinful to amass great wealth and more so to keep that financial gain. Desiderius Erasmus said:
 
Great abundance of riches cannot be gathered and kept by any man without sin Quote
 

“Great abundance of riches cannot be gathered and kept by any man without sin” — Desiderius Erasmus

 

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In this quote, Desiderius Erasmus seems to be conveying skepticism about the moral compatibility of amassing great wealth. By stating that “great abundance of riches cannot be gathered and kept by any man without sin”, Erasmus implies that acquiring and holding onto immense fortunes likely involves compromising one’s principles or exploiting others to some degree through actions like greed, dishonesty, or lack of charity.

The quote portrays Erasmus’ perspective that immense wealth concentration is rarely achieved fully ethically due to human tendencies towards vice when pursuing riches without restraint. Overall, Erasmus appears to be arguing that great personal fortunes require behaviors or systems of some impropriety for their accumulation and preservation at such massive scales, as total probity seems difficult to maintain when vast resources are at stake.

Cervantes: Abundance to be Valued

Posted by admin on Sunday, September 29, 2019

Miguel de Cervantes Saavedra Money Quote saying too much of a good thing is less valued. Miguel de Cervantes Saavedra said:
 
Abundance, even of good things, prevents them from being valued Quote

“Abundance, even of good things, prevents them from being valued” — Miguel de Cervantes Saavedra

 

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This quote suggests that when good things are readily and abundantly available, they tend not to be properly valued or appreciated. Cervantes seems to be observing that scarcity plays a role in how we perceive value. When something is scarce or limited, we recognize its worth more fully. But when it is everywhere in overabundance, it becomes commonplace and taken for granted.

The “best” interpretation would say that according to Cervantes, for goods or opportunities to be truly valued, they cannot be ubiquitous – there must be some scarcity or limit. Abundance of even positive things can diminish our sense of their value if we never have to do without them or make an effort to access them.

Ingvar Kamprad: Reason to Waste Money

Posted by admin on Wednesday, May 17, 2017

Ingvar Kamprad Money Quote saying he tries to be frugal because his customers (at IKEA) aren’t likely to be extravagant. Ingvar Kamprad said:
 
I'm a bit tight with money, but so what? I look at the money I'm about to spend on myself and ask myself if IKEA's customers can afford it... I could regularly travel first class, but having money in abundance doesn't seem like a good reason to waste it Quote
 

“I’m a bit tight with money, but so what? I look at the money I’m about to spend on myself and ask myself if IKEA’s customers can afford it… I could regularly travel first class, but having money in abundance doesn’t seem like a good reason to waste it” — Ingvar Kamprad

 

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In this quote, Ingvar Kamprad is explaining his frugal approach to spending and using money. Kamprad was the founder of IKEA, so he references considering whether IKEA customers could afford any purchase he was about to make for himself. He acknowledges being “tight with money” but sees it as prudent rather than a character flaw.

Kamprad also notes that while he could travel first class, having a lot of wealth does not justify wasteful spending in his view. Overall, the quote conveys Kamprad’s belief that those in positions of affluence should avoid being wasteful or extravagant with money out of respect for average consumers and a sense of responsibility about the source of one’s wealth coming from customers.

Ecclesiastes 5: Abundance Permits no Sleep

Posted by admin on Sunday, March 26, 2017

Ecclesiastes 5:13 Money Quote saying wealth brings worries that inhibit sleep and encourages misfortune to the detriment of family. Ecclesiastes 5:13 says:
 
wealth hoarded to the harm of its owner, or wealth lost through some misfortune, so that when he has a son there is nothing left for him Quote
 

“The abundance of a rich man permits him no sleep. I have seen a grievous evil under the sun: wealth hoarded to the harm of its owner, or wealth lost through some misfortune, so that when he has a son there is nothing left for him” — Ecclesiastes 5:13

 

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This verse from Ecclesiastes suggests that excessive wealth and greed can actually be harmful. It says that being extremely rich prevents one from getting proper rest or sleep, as they are constantly worried about protecting and growing their wealth. The verse also observes how wealth is often “lost through some misfortune”, leaving nothing for one’s heirs.

Overall, the passage seems to warn that amassing too much money and possessions can be spiritually and psychologically damaging, making it difficult to truly enjoy one’s life or leave an inheritance. Moderation and being content with what one has may lead to greater peace of mind.

Bob Proctor: See Yourself in Abundance

Posted by admin on Sunday, June 5, 2016

Bob Proctor Money Quote saying imagination creates wealth when speaking on his topic of ‘Law of Attraction’. Bob Proctor said:
 
See yourself living in abundance and you will attract it. It works every time with every person Quote
 

“See yourself living in abundance and you will attract it. It works every time with every person” — Bob Proctor

 

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Luke 12:15 – Guard Against Greed

Posted by admin on Saturday, March 5, 2016

Luke 12:15 bible Money Quote saying that our lives are not measured by our possessions and we should avoid being greedy for things that don’t make a life worthwhile. Luke 12:15 said:
 
Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions Quote
 

“Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions” — Luke 12:15

 

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This quote from the Bible’s book of Luke warns against greed and the pursuit of excess wealth and material goods. It suggests that greed can be harmful, and that true fulfillment and happiness in life does not come from the accumulation of possessions alone.

The quote conveys the message that people should be cautious and vigilant against greed in all its forms, as an obsessive focus on acquiring abundance for its own sake will not lead to a rich life. Rather than defining life solely by what one owns, the passage encourages viewing life as consisting of deeper experiences, relationships and virtues that money cannot buy.

Overall, this biblical verse presents a caution against making greed and the amassing of possessions the central goal, instead advocating moderation and reminding followers that true meaning is found through non-material means rather than wealth for its own end.

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