Posts Tagged ‘j paul getty’

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J. Paul Getty: Meek Inherit Earth

Posted by admin on Wednesday, October 11, 2023

Meaning of J. Paul Getty Money Quote: saying the meek shall be heirs and inherit everything except the rights to mine minerals. J. Paul Getty said:
 

 
The meek shall inherit the Earth, but not its mineral rights Quote

 

“The meek shall inherit the Earth, but not its mineral rights” — J. Paul Getty

 

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This quote from J. Paul Getty suggests that while religious texts may promise the meek or mild-mannered will inherit the earth after Judgment Day, they will not inherit valuable underground mineral resources, which Getty implies will be controlled by the ambitious and wealthy. Some key points in interpreting his perspective:

  • Getty portrays mineral rights and the profits they enable as being reserved for those assertive enough to claim and exploit them commercially through enterprises rather than passively waiting for divine rewards.
  • He implies the profitable development and private ownership of natural resources will go to those with the drive, capital and industry to extract minerals and bring them to market.
  • However, reasonable people can disagree on the appropriate balance between public/private or commercial/environmental interests in the development and management of natural resources over time.
  • Getty’s quote reflects his view that success and riches correlate with boldness and initiative rather than meekness alone, but a balanced interpretation acknowledges complex debates around optimizing resource policy for broad-based welfare.

Overall, the quote conveys Getty’s belief that subsurface mineral assets require human effort and investment to harness, not passive inheritance. But the best analysis considers this perspective as one viewpoint in ongoing discussions balancing economic, social and environmental priorities across populations for sustainable prosperity.

Birthday: December 15, 1892 – Death: June 6, 1976

J. Paul Getty: Everyone Selling

Posted by admin on Monday, September 26, 2022

Meaning of J. Paul Getty Money Quote: saying being a contrarian makes a successful investor – don’t follow the money crowd. J. Paul Getty said:
 
Buy when everyone else is selling and hold until everyone else is buying. It’s the very essence of successful investing Quote
 

Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing” — J. Paul Getty

 

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In this quote, J. Paul Getty seems to be conveying fundamental principles of value investing. Some key points:

  • Getty advises buying assets when “everyone else is selling” – implying that is when prices are lowest due to widespread pessimism in the market.
  • He suggests holding those investments until “everyone else is buying” again – indicating riding the assets until typical optimism and high prices return as sentiment improves.
  • Getty states this approach of contrarian buying low and selling high is not just a catchphrase but rather “the very essence of successful investing” long-term.
  • The quote captures the idea of buying assets that are temporarily undervalued due to crowd psychology or short-term thinking, and having the discipline to wait patiently until their intrinsic worth is once again recognized more broadly.

Overall, Getty appears to be promoting a strategy of buying sound investments when fear is high but fundamentals remain intact, and holding through volatility until optimism returns – an approach that seeks to profit from other investors’ short-term emotional decisions rather than trying to outguess short-term market swings through timing. It emphasizes the importance of a long-term, value-oriented mindset.

Birthday: December 15, 1892 – Death: June 6, 1976

J Paul Getty: Wealthy Advice

Posted by admin on Thursday, October 21, 2021

J Paul Getty Money Quote saying If you desire wealth, take advice from the wealthy rather than friends who have little to offer. J Paul Getty said:
 
Seek advice on risk from the wealthy, who still take risks, not friends who dare nothing more than a football bet Quote
 

“Seek advice on risk from the wealthy, who still take risks, not friends who dare nothing more than a football bet” — J Paul Getty

 

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In this quote, J. Paul Getty seems to be advising people to get counsel on risk-taking from those who have accumulated wealth through calculated risks, rather than from cautious friends whose idea of daring is a casual football wager.

Specifically, Getty implies that the truly wealthy attained their status by venturing capital into opportunities that involved substantial risk, but where the potential rewards justified the gamble if the risks paid off. These individuals therefore understood risk assessment and management.

In contrast, Getty suggests average friends who limit their own risk-taking to trivial recreational bets are not as knowledgeable about meaningful risk-reward calculations involving life-changing amounts of money or investments.

The best interpretation is that Getty believed the most insightful advisors on consequential risk-taking are those who succeeded through prudent risk-taking themselves to achieve wealth, not casual acquaintances who shy away from meaningful risks. According to Getty, the wealthy who still take smart chances have lessons to offer others contemplating major risks and opportunities.

Birthday: December 15, 1892 – Death: June 6, 1976

J. Paul Getty: Money Like Manure

Posted by admin on Friday, August 6, 2021

J. Paul Getty Money Quote saying in short that money stinks unless it is dispersed. J. Paul Getty said:
 
Money is like manure. You have to spread it around or it smells Quote
 

“Money is like manure. You have to spread it around or it smells” — J. Paul Getty

 

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In this quote, J. Paul Getty seems to be using manure as a metaphor to convey his views on wealth and philanthropy. Specifically:

  • Getty likens money to manure, in that if it is just accumulated in one large pile/location, it will stagnate and develop an unpleasant odor.
  • However, he notes that if manure (or money) is spread around – in other words, distributed and used productively in various areas – then it serves as a useful fertilizer rather than a nuisance.
  • Getty appears to be suggesting that great fortunes accumulated by individuals should be invested back into society through charitable causes, business investments and job creation, otherwise they risk becoming a “smell” or source of resentment if hoarded excessively.

The best interpretation is that Getty believed the wealthy have a responsibility to put their money to work in ways that create broader benefits, such as donations to causes or funding job-generating enterprises, rather than just amassing it for its own sake. His metaphor communicates a perspective that wealth distribution can avert social “odors” like resentment, while enabling positive impacts through productive deployment and circulation of resources.

Birthday: December 15, 1892 – Death: June 6, 1976

J. Paul Getty: Count Your Money

Posted by admin on Friday, January 1, 2021

J. Paul Getty Money Quote saying if you can spend the time to count your money and finish counting, then you aren’t really rich. J. Paul Getty said:
 
If you can actually count your money, then you're not a rich man Quote

“If you can actually count your money, then you’re not a rich man” — J. Paul Getty

 

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J. Paul Getty is suggesting that true wealth is not about the exact dollar amount one possesses, but rather the ability to generate ongoing income and value. His quote implies that the truly rich have so many assets and business interests that it would be difficult or impossible to precisely tally up their total net worth at any given moment.

According to Getty, a person who can easily count and keep track of all their money is likely not that wealthy, since a truly affluent individual’s fortunes would be too vast, diverse and constantly changing to precisely quantify at a single point in time. In essence, Getty is saying real riches come from establishing ongoing revenue streams and investments, not from simply accumulating a large cash balance that can be readily counted.

J. Paul Getty: Inhospitable Penny-Pinchers

Posted by admin on Friday, October 30, 2015

J. Paul Getty Money Quotation saying the tales of installing pay-phones in his mansion for guest use disturbed him. J. Paul Getty said:
 
J. Paul Getty A story to warm the hearts of all who take orgiastic delight in picturing the rich as inhospitable, ungracious penny-pinchers quote
 

“A story to warm the hearts of all who take orgiastic delight in picturing the rich as inhospitable, ungracious penny-pinchers” — J. Paul Getty

 

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This quote from J. Paul Getty seems to be criticizing or mocking the common stereotype of wealthy individuals as miserly “penny-pinchers” who are inhospitable and ungracious.

Getty suggests the idea that rich people are tight-fisted with their money and unfriendly hosts provides “orgiastic delight” to those who enjoy portraying the rich in a negative light.

The quote implies such stereotypes are often exaggerated and bring pleasure to those eager to criticize the affluent. It highlights Getty’s view that wealthy individuals are unfairly characterized solely based on their financial status.

Birthday: December 15, 1892 – Death: June 6, 1976

J Paul Getty: Hard Work Striking Oil

Posted by admin on Friday, May 6, 2011

Funny Money Quotes: The path to riches is deceptively simple if the only goal is wealth but few strike it rich like Jed Clampett while hunting in the backwoods. J Paul Getty said:
 
Rise early, work hard, strike oil Quote
 

“Rise early, work hard, strike oil” — J. Paul Getty

 

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J. Paul Getty seems to be conveying that success in business (specifically in the oil industry since that was his area of expertise) requires diligence, perseverance and a bit of luck.

The quote suggests that rising early each day to put in long hours of hard work (“rise early, work hard”) will maximize opportunities and help increase the chances of a major breakthrough or discovery (“strike oil”).

While fortune plays a role, Getty implies that those who are consistently industrious and productive will ultimately find a way to profit from their efforts.

So in essence, the message is that sustained effort over time is necessary to create the conditions where breakthroughs can occur, even if elements of chance are also involved.

Birthday: December 15, 1892 – Death: June 6, 1976

J. Paul Getty: Counting Billions

Posted by admin on Tuesday, March 29, 2011

Aspiring millionaires are constantly counting their money to keep score, but billionaires are scored by power rather than cash. J. Paul Getty said:
 
If you can count your money, you don't have a billion dollars Quote
 

“If you can count your money, you don’t have a billion dollars” — J. Paul Getty

 

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J. Paul Getty seems to be conveying that once someone accumulates a vast personal fortune equivalent to a billion dollars, it is no longer practical or meaningful to precisely count or keep track of the total amount of money one has.

At such immense wealth levels, specific dollar figures lose significance, and one’s assets are more abstractly viewed as an overall financial empire or holding rather than a countable sum. Getty’s quote implies that true billionaire status represents a scale of riches beyond simple accounting where money becomes more conceptual than countable.

In essence, he is suggesting that a billion dollars symbolizes wealth that can no longer be fully comprehended or monitored in terms of individual bills and coins, but rather must be managed and understood in aggregate or portfolio terms.

Birthday: December 15, 1892 – Death: June 6, 1976

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