Posts Tagged ‘edgar bronfman’

Edgar Bronfman: Million Inevitable

Posted by admin on Saturday, October 3, 2020

Edgar Bronfman, Sr. Money Quote saying to turn large amounts into more money is simpler than increasing small amounts. Edgar Bronfman, Sr. said:
 
To turn $100 to $110 is work. To turn $100 million into $110 million is inevitable Quote
 

“To turn $100 to $110 is work. To turn $100 million into $110 million is inevitable” — Edgar Bronfman, Sr.

 

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In this quote, Edgar Bronfman Sr. is pointing out that accumulating wealth becomes exponentially easier once you already have a great deal of money and resources. He suggests that earning a modest 10% return on a small $100 investment requires focused work and effort.

However, gaining the same 10% return on a much larger sum of $100 million can almost happen passively, as immense wealth begets more wealth through interest, investments, and opportunities that are inevitably available only to the very rich.

The quote conveys Bronfman’s view that accumulating vast riches becomes much more effortless once one has reached a very high level of initial capital, unlike the challenges of increasing a modest amount of funds. He appears to be acknowledging the self-perpetuating nature of substantial wealth.

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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