Robert G. Allen: Rich Buying Out

Posted by admin on Friday, March 26, 2021

Robert G. Allen Money Quote saying the method optimists use to get rich is buying out pessimists. Robert G. Allen said:
 

 

“Many an optimist has become rich by buying out a pessimist” — Robert G. Allen

 

 

In this quote, Robert G. Allen appears to be observing that optimists who are able to see opportunities where others see risks or limitations have often become wealthy by acquiring assets from pessimists. The quote suggests that when pessimists doubt an investment or business venture will succeed and sell their stake at a low price, optimists who believe in the potential may buy them out and ultimately profit greatly if their vision is realized.

Allen seems to be saying wealth can be created by having an optimistic outlook and being willing to invest or take a chance where pessimists doubt and withdraw. The overall interpretation is that a glass-half-full perspective on possibilities rather than limitations has the power to lead to financial gain by purchasing assets that pessimists have discounted or abandoned.

Robert G. Allen: Investing in Savings

Posted by admin on Thursday, January 28, 2016

Robert G. Allen Money Quotation saying Savings are not for growth, but for safety and reserves. Invest for growth to get wealthy. Robert G. Allen said:
 

 

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case” — Robert G. Allen

 

 

In this quote, Robert G. Allen is making the point that few people become truly wealthy simply by saving money in low-risk savings accounts. He seems to be suggesting that accumulating substantial wealth usually requires taking on greater investment risks that offer higher potential returns, such as investing in the stock market or owning a business.

By asking rhetorically how many millionaires are known who got rich from savings accounts alone, Allen is implying the answer is very few. He appears to be advocating for a more aggressive investment approach in order to achieve a high level of financial success and build significant wealth over time, rather than playing it too safe with savings accounts that provide modest returns at best.

The overall message is that generating millionaire-level returns typically demands investment strategies that go beyond conventional savings.