I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.
Sentiment: POSITIVE
I don't feel like a wealthy person. Other people think of me as a wealthy person, but I don't. I feel the same as when I was a fifth-year associate trying to make partner at Lehman Brothers. I haven't changed.
If a rich person invests in a business, either directly or through stock purchases, it means business can grow and hire more people.
I had accumulated some capital and was at an age at which I was interested in generating income. But even though I was risk averse, I was interested in growth stocks.
During my 30 years on Wall Street, taxes on 'unearned income' have bounced up and down with regularity, and I've never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.
The reason that so few people are financially independent today is that they place many negative roadblocks in their heads. Becoming wealthy is, in fact, a mind game.
Anybody can be going from being broke to being wealthy, as I did.
The richer you are and the more financial advisers you employ, the less likelihood there is that you can ever discover what you are really worth.
There is a gigantic difference between earning a great deal of money and being rich.
Rich means you have to stay there to maintain it.
For most people, their wealth accrues slowly, and at any given point they say, 'Okay, I should kick up my standard of living because now I've earned slightly more wealth.' I went from the dorm room to having a billion dollars.