J. B. Pritzker: Net Worth Zeros

Posted by admin on Monday, September 13, 2021

J. B. Pritzker Money Quote saying quite simply that increasing income by trailing zeroes is the goal for increasing net worth. J. B. Pritzker said:
 

 

“We’re trying to make money, trying to add a zero onto our net worth” — J. B. Pritzker

 

 

J.B. Pritzker is saying that he and his business partners actively work to substantially increase their wealth and net worth over time. The best interpretation is that Pritzker is openly acknowledging the pursuit of profit and wealth accumulation as a key motivation and goal for his business endeavors.

His quote suggests maximizing financial gains and adding extra zeros to the valuation of his assets is a driving focus when making entrepreneurial decisions and investments. Rather than downplaying the importance of money, Pritzker appears to embrace profit-seeking as central to his approach.

Voltaire: Paper Currency No Value

Posted by admin on Wednesday, May 25, 2011

Voltaire Money Quotation saying coins used to be made of an amount of precious metal roughly equivalent to their value, but paper is nearly worthless. Voltaire said:
 

 

“Paper money eventually returns to its intrinsic value – zero” — Voltaire

 

 

Voltaire said paper money returns to its intrinsic value of zero because, unlike coins in his time, paper notes are not backed by a precious metal like gold or silver. Historically, coins were minted from gold or silver and their value directly corresponded to the value of the metal they contained. Paper money, on the other hand, derives its value solely from trust in the issuing authority.

If trust is lost, for example due to hyperinflation, the paper itself has no intrinsic value and would return to zero. Voltaire was pointing out that paper currency is only worth what people agree it’s worth, unlike coins backed by precious metals.

Birthday: November 21, 1694 – Death: May 30, 1778