If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNN)   Seven traits shared by wealthy people. Investment in TotalFark account suspiciously absent   (money.cnn.com) divider line 51
    More: Interesting, time horizon, Spectrem Group  
•       •       •

1931 clicks; posted to Business » on 02 Jun 2014 at 11:34 AM (11 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



51 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | » | Last | Show all
 
2014-06-02 08:40:24 AM
Wealthy Parents?
 
2014-06-02 09:56:30 AM
"Born on third base and think they hit a triple" missing from the list.

I'm sure there's some value in that, from what I've heard or seen. That degree from Harvard for instance.
 
2014-06-02 10:03:39 AM
7 traits shared by all people, some of whom happen to be rich.
 
2014-06-02 11:40:34 AM
Modest: Despite glamorous Hollywood portrayals of the rich life, many multi-millionaireslive more modestly. Most of Flynn's richest clients have chosen not to bump up their lifestyles in lockstep with their growing wealth.
"They still wear their old plaid shirt," he said. Or at least the men do.


While this may or may not be true (I don't know enough rich people to say), it's weird to see this blurb when Richard Branson is one of the two people whose picture is included in the article.
 
2014-06-02 11:50:32 AM

llortcM_yllort: Modest: Despite glamorous Hollywood portrayals of the rich life, many multi-millionaireslive more modestly. Most of Flynn's richest clients have chosen not to bump up their lifestyles in lockstep with their growing wealth.
"They still wear their old plaid shirt," he said. Or at least the men do.

While this may or may not be true (I don't know enough rich people to say), it's weird to see this blurb when Richard Branson is one of the two people whose picture is included in the article.


#4 among the 'Seven traits shared among CNN writers' is 'cognitive dissonance'
 
2014-06-02 11:54:31 AM
"Beware the advice of successful people; they do not seek company."  ~  S. Adams
 
2014-06-02 12:01:54 PM
8. Immensely large chance of having inherited a shiatload of money

9. Dumb ass luck

10. Used anti-competitive rules/laws/market failure to rake in abnormal economic profits
 
2014-06-02 12:20:31 PM
EvilEgg


Wealthy Parents?


Shiatty tippers, not just frugal but cheap asses.
 
2014-06-02 12:23:00 PM
A) almost any wealthy person has, even while attempting to justify to themselves, farked the poor in a matter that is willfully ignored and congratulatorily placated with token efforts that cost less than 10% of the satisfaction they feel from helping out (almost all, not all)
B) the attempts of the 1% to 'help out' that I've been witness to have been shallow and minor attempts to assuage the minimal guilt semi-sociopaths feel.

/have worked a lot of catering.
//don't now, had a drinking problem going in, two years exacerbated it
///could never, even if I beat my wife and stabbed my dog, be as vile as those I've servef
 
2014-06-02 12:29:16 PM
FTA: "They have some short-term investments but tend to have a longer time horizon than most investors. Whether they invest in a stock or a building, they stick with it as long as it still makes sense to them. "

I wonder why that is?  maybe they have resources available now to get by on in the hopes of greater gains later?   If I wanted to start my own company to make 12-year old scotch and I started today...I would need to have some means of living before the first batch can even reach the market.

Go to any small business today and ask them if they feel they are Entrepreneurial, always on the clock, have high energy, extremely confident, discerning, modest and risk tolerant.  they will say 'yes' even though most of them will fail in 2-3 years time.

luck has a great deal to do with it...luck is when preparation meets opportunity. There are lots of prepared people, but the scarcity is on the opportunity side.
 
2014-06-02 12:33:36 PM

toraque: llortcM_yllort: Modest: Despite glamorous Hollywood portrayals of the rich life, many multi-millionaireslive more modestly. Most of Flynn's richest clients have chosen not to bump up their lifestyles in lockstep with their growing wealth.
"They still wear their old plaid shirt," he said. Or at least the men do.

While this may or may not be true (I don't know enough rich people to say), it's weird to see this blurb when Richard Branson is one of the two people whose picture is included in the article.

#4 among the 'Seven traits shared among CNN writers' is 'cognitive dissonance'


so they are admitting, once again, that trickle-down doesn't work?  I thought the reason they wanted all that money was to have newer, nicer things?  what good is wearing the same shirt do for the economy?  you need to donate the shirt to a lesser being, then buy some new ones, so the retailers can then pay some workers.

if you are rich and modest, you are doing it wrong and messing it up for everyone else.
 
2014-06-02 12:34:05 PM
Luck
 
2014-06-02 12:37:20 PM

Hyjamon: toraque: llortcM_yllort: Modest: Despite glamorous Hollywood portrayals of the rich life, many multi-millionaireslive more modestly. Most of Flynn's richest clients have chosen not to bump up their lifestyles in lockstep with their growing wealth.
"They still wear their old plaid shirt," he said. Or at least the men do.

While this may or may not be true (I don't know enough rich people to say), it's weird to see this blurb when Richard Branson is one of the two people whose picture is included in the article.

#4 among the 'Seven traits shared among CNN writers' is 'cognitive dissonance'

so they are admitting, once again, that trickle-down doesn't work?  I thought the reason they wanted all that money was to have newer, nicer things?  what good is wearing the same shirt do for the economy?  you need to donate the shirt to a lesser being, then buy some new ones, so the retailers can then pay some workers.

if you are rich and modest, you are doing it wrong and messing it up for everyone else.


Why do you hate America?
 
2014-06-02 12:40:36 PM
I love these threads. Good, good! Let the butthurt flow!
 
2014-06-02 12:43:41 PM

umad: I love these threads. Good, good! Let the butthurt flow!


No sh*t.

I had no idea how many people were born without a chance in this country people risk their lives to get to every day.
 
2014-06-02 12:43:52 PM
In my experience with rich people and successful entrepreneurs, modesty is definitely not a trait that comes to mind in describing them.
 
2014-06-02 12:43:53 PM
Don't pay their fair share of taxes.
 
2014-06-02 12:44:20 PM
Beating the shiat out of your employees, stealing from them and paying them next to nothing. Thanks obamafartco!
 
2014-06-02 12:48:28 PM

The Muthaship: umad: I love these threads. Good, good! Let the butthurt flow!

No sh*t.

I had no idea how many people were born without a chance in this country people risk their lives to get to every day.


Economic mobility is what it used to be.

mattbruenig.com
 
2014-06-02 12:49:42 PM
The first three are trappings of owning your own business.  If you try to emulate them at your salaried desk job, you're a farking idiot.
 
2014-06-02 12:53:17 PM

meat0918: The Muthaship: umad: I love these threads. Good, good! Let the butthurt flow!

No sh*t.

I had no idea how many people were born without a chance in this country people risk their lives to get to every day.

Economic mobility isn't what it used to be.

[mattbruenig.com image 549x400]


ISN'T

FTFM

And I'm someone that had parents in the second, and now I'm in the fourth, and I got there with a lot of help from my family and the government.

I didn't make it here on my own, but I did start on first base.
 
2014-06-02 12:53:39 PM
Mostly it's "are heavily involved in real estate or finance".  Owning land and controlling the means of production has always been the key to wealth, these days the bond holders are the ones pulling the strings.
 
2014-06-02 12:55:06 PM

IrateShadow: The first three are trappings of owning your own business.  If you try to emulate them at your salaried desk job, you're a farking idiot.


1/3 of the Fortune 100 worked at Goldman Sachs.
 
2014-06-02 01:00:38 PM

mcreadyblue: 1/3 of the Fortune 100 worked at Goldman Sachs.


Finance is a special case; doubly so for Goldman.  Donna in accounting isn't going to see nearly the same benefit if she putts on a smile and works 80 hour weeks.
 
2014-06-02 01:28:15 PM
I was at the liquor store on Saturday and this woman in front of me purchased $90 in lottery tickets.  I was dumbfounded.
 
2014-06-02 02:52:05 PM

Rapmaster2000: I was at the liquor store on Saturday and this woman in front of me purchased $90 in lottery tickets.  I was dumbfounded.


Yea, it's a tax for poor people.
 
2014-06-02 03:00:00 PM
"Modest" is not a word I'd use to describe Oprah.
 
2014-06-02 03:04:45 PM

milowitz: Rapmaster2000: I was at the liquor store on Saturday and this woman in front of me purchased $90 in lottery tickets.  I was dumbfounded.

Yea, it's a tax for poor people.


Could also have been a company lottery pool.  $1 a month or so for hope is cheap.

Cause with how the world works that hopes the only chance these folks have of not being poor forever while they work 40-60 hours a week to make someone else rich.
 
2014-06-02 03:17:05 PM
Here they are, if you don't want go through it:
1. A positive non-zero integer dollar amount followed by...
2. A positive or zero integer followed by...
3. A positive or zero integer followed by...
4. A positive or zero integer followed by...
5. A positive or zero integer followed by...
6. A positive or zero integer followed by...
7. A positive or zero integer .

So for example:

$8000000

If you have that you are wealthy.
 
2014-06-02 03:44:42 PM

inclemency: A) almost any wealthy person has, even while attempting to justify to themselves, farked the poor in a matter that is willfully ignored and congratulatorily placated with token efforts that cost less than 10% of the satisfaction they feel from helping out (almost all, not all)
B) the attempts of the 1% to 'help out' that I've been witness to have been shallow and minor attempts to assuage the minimal guilt semi-sociopaths feel.

/have worked a lot of catering.
//don't now, had a drinking problem going in, two years exacerbated it
///could never, even if I beat my wife and stabbed my dog, be as vile as those I've servef


Can you give an example of something EVERY rich person actively does to fark over the poor?

Paying the required amount of taxes for their income bracket isn't actively farking the poor, that's complying with the law.  Now the guys who lobby to make those laws in their favor, I'll give you that one.  Accepting the salary allotted to your position is also not farking the poor.  Now, being in a position where you try and make that position get more money while simultaneously trying to lower the wages of other workers at the company might be a case.

I'm just trying to think of any scenario or action that every single rich person has committed that would mean they are willingly trying to fark the poor.
 
2014-06-02 04:51:35 PM

PillsHere: inclemency: A) almost any wealthy person has, even while attempting to justify to themselves, farked the poor in a matter that is willfully ignored and congratulatorily placated with token efforts that cost less than 10% of the satisfaction they feel from helping out (almost all, not all)
B) the attempts of the 1% to 'help out' that I've been witness to have been shallow and minor attempts to assuage the minimal guilt semi-sociopaths feel.

/have worked a lot of catering.
//don't now, had a drinking problem going in, two years exacerbated it
///could never, even if I beat my wife and stabbed my dog, be as vile as those I've servef

Can you give an example of something EVERY rich person actively does to fark over the poor?

Paying the required amount of taxes for their income bracket isn't actively farking the poor, that's complying with the law.  Now the guys who lobby to make those laws in their favor, I'll give you that one.  Accepting the salary allotted to your position is also not farking the poor.  Now, being in a position where you try and make that position get more money while simultaneously trying to lower the wages of other workers at the company might be a case.

I'm just trying to think of any scenario or action that every single rich person has committed that would mean they are willingly trying to fark the poor.


I think your quantifier of "every" makes it impossible, but I think the person you are replying to was implying there are multiple ways rich can fark with the poor and that every rich person has done at least one, maybe not all of them have done the same one, but every rich person has done one action of many choices. A quick attempt to list them I can only think of a two:

1) Not tipping or not tipping appropriately
2) Excessive waste or waste for waste's sake - rich kids buying ipads on the first day and then smashing one on the sidewalk when they walk out of the store.
 
2014-06-02 05:01:40 PM

Hyjamon: rich kids buying ipads on the first day and then smashing one on the sidewalk when they walk out of the store.


If trolling Apple fanboys is wrong then I don't want to be right.
 
2014-06-02 06:06:59 PM

Hyjamon: PillsHere: inclemency: A) almost any wealthy person has, even while attempting to justify to themselves, farked the poor in a matter that is willfully ignored and congratulatorily placated with token efforts that cost less than 10% of the satisfaction they feel from helping out (almost all, not all)
B) the attempts of the 1% to 'help out' that I've been witness to have been shallow and minor attempts to assuage the minimal guilt semi-sociopaths feel.

/have worked a lot of catering.
//don't now, had a drinking problem going in, two years exacerbated it
///could never, even if I beat my wife and stabbed my dog, be as vile as those I've servef

Can you give an example of something EVERY rich person actively does to fark over the poor?

Paying the required amount of taxes for their income bracket isn't actively farking the poor, that's complying with the law.  Now the guys who lobby to make those laws in their favor, I'll give you that one.  Accepting the salary allotted to your position is also not farking the poor.  Now, being in a position where you try and make that position get more money while simultaneously trying to lower the wages of other workers at the company might be a case.

I'm just trying to think of any scenario or action that every single rich person has committed that would mean they are willingly trying to fark the poor.

I think your quantifier of "every" makes it impossible, but I think the person you are replying to was implying there are multiple ways rich can fark with the poor and that every rich person has done at least one, maybe not all of them have done the same one, but every rich person has done one action of many choices. A quick attempt to list them I can only think of a two:

1) Not tipping or not tipping appropriately
2) Excessive waste or waste for waste's sake - rich kids buying ipads on the first day and then smashing one on the sidewalk when they walk out of the store.


Those examples don't really seem like the norm to me, just bad stereotypes.  I don't even know where the bad tipper thing comes from.  Most rich people I've been around tip rather well.  I'm sure there are exceptions to that, but it just seems absurd to me.

Also, a rich kid breaking his ipad isn't exactly screwing the poor.  It's them being an idiot.
 
2014-06-02 06:28:42 PM

PillsHere: Those examples don't really seem like the norm to me, just bad stereotypes. I don't even know where the bad tipper thing comes from. Most rich people I've been around tip rather well. I'm sure there are exceptions to that, but it just seems absurd to me.


they just stand out more.

If I deliver a pizza that costs $18 to an average/below average apartment complex and a mom opens the door with tv kids in the background, I can understand why I get exact change.

If I delver a pizza that costs $18 to a McMansion or an actual mansion, and the mom hands me a $20 and wants her $2 back, it tends to stand out.
 
2014-06-02 06:43:59 PM

PillsHere: I'm just trying to think of any scenario or action that every single rich person has committed that would mean they are willingly trying to fark the poor.

Exactly. The issue is that the poors don't have that much money to start out with. The true target of the wealthy is the middle class, who believe they're going to move up income brackets by leveraging debt up to their eyeballs.
 
2014-06-02 06:47:26 PM
Whether any of you righty dipshaits want to admit it or not, it is a statistical fact that being born rich is the single greatest indicator that you are going to BE rich. Most rich people were born that way.
It doesn't make them evil people, but it does make those who think that most great wealth in this country is "earned" fools.
 
2014-06-02 06:55:10 PM

jso2897: Most rich people were born that way.


Citation needed dipshiat.
 
2014-06-02 06:55:24 PM

MrSteve007: PillsHere: I'm just trying to think of any scenario or action that every single rich person has committed that would mean they are willingly trying to fark the poor.
Exactly. The issue is that the poors don't have that much money to start out with. The true target of the wealthy is the middle class, who believe they're going to move up income brackets by leveraging debt up to their eyeballs.


It's a tad melodramatic to accuse the wealthy of "targeting" the poor and middles class - it's like accusing wolves of "targeting" elk and deer.
They don't target them, and there is no malice in it.
They simply eat them, because they are hungry.
They're wolves - that's what they do.
 
2014-06-02 07:25:36 PM

jso2897: Most rich people were born that way.


Of course that's true. It's nothing for the rich to get all defensive and pissy about though.
 
2014-06-02 07:46:55 PM

umad: jso2897: Most rich people were born that way.

Citation needed dipshiat.


Hey, pigfarker, why don't YOU provide citation saying he's wrong?

Because the facts are, Mitt Romney and W didn't get to be rich without starting off rich. Zuckerberg and Gates didn't come from the farkin projects. Sure sure, a statistically insignificant number of people get rich starting from nothing. But most rich guys started out on at least 2nd, if not third base.
 
2014-06-02 07:56:29 PM

ghare: Because the facts are, Mitt Romney and W didn't get to be rich without starting off rich. Zuckerberg and Gates didn't come from the farkin projects. Sure sure, a statistically insignificant number of people get rich starting from nothing. But most rich guys started out on at least 2nd, if not third base.


Donald Trump started out a millionaire but went bankrupt 5 times but is still sort of millionaire.
 
2014-06-02 08:28:00 PM

gameshowhost: 8. Immensely large chance of having inherited a shiatload of money

9. Dumb ass luck

10. Used anti-competitive rules/laws/market failure to rake in abnormal economic profits


11. Tend to biatch on the internet about how those mean rich people didn't earn what they have.

Oh wait, sorry, that's not a trait of rich people. That's a trait of poor losers who are bitter about the shiatty decisions they've made in life.
 
2014-06-02 08:31:26 PM

jso2897: Whether any of you righty dipshaits want to admit it or not, it is a statistical fact that being born rich is the single greatest indicator that you are going to BE rich. Most rich people were born that way.
It doesn't make them evil people, but it does make those who think that most great wealth in this country is "earned" fools.


Because their parents or grandparents earned the money and decided that what they wanted to do with that money is give it to offspring.

Also because smart and hard working people tend to make more money and tend to pass their intelligence and work ethic onto offspring, who go on to make more money.

So your lousy genetics are to blame. Too bad.
 
2014-06-02 08:33:26 PM

Debeo Summa Credo: gameshowhost: 8. Immensely large chance of having inherited a shiatload of money

9. Dumb ass luck

10. Used anti-competitive rules/laws/market failure to rake in abnormal economic profits

11. Tend to biatch on the internet about how those mean rich people didn't earn what they have.

Oh wait, sorry, that's not a trait of rich people. That's a trait of poor losers who are bitter about the shiatty decisions they've made in life.


I for one am quite comfortable with my station if life and the decisions I've made. That doesn't mean that the list isn't partially true and mostly bullshiat.
 
2014-06-02 08:34:01 PM

inclemency: A) almost any wealthy person has, even while attempting to justify to themselves, farked the poor in a matter that is willfully ignored and congratulatorily placated with token efforts that cost less than 10% of the satisfaction they feel from helping out (almost all, not all)
B) the attempts of the 1% to 'help out' that I've been witness to have been shallow and minor attempts to assuage the minimal guilt semi-sociopaths feel.

/have worked a lot of catering.
//don't now, had a drinking problem going in, two years exacerbated it
///could never, even if I beat my wife and stabbed my dog, be as vile as those I've servef


I. thought if was helping by throwing my unwanted leftovers at you. Saved you a trip over to pick it up, no? Ingrate.
 
2014-06-02 09:20:07 PM

Mugato: Debeo Summa Credo: gameshowhost: 8. Immensely large chance of having inherited a shiatload of money

9. Dumb ass luck

10. Used anti-competitive rules/laws/market failure to rake in abnormal economic profits

11. Tend to biatch on the internet about how those mean rich people didn't earn what they have.

Oh wait, sorry, that's not a trait of rich people. That's a trait of poor losers who are bitter about the shiatty decisions they've made in life.

I for one am quite comfortable with my station if life and the decisions I've made. That doesn't mean that the list isn't partially true and mostly bullshiat.


I'll give you partially true, partially bullshiat but mostly meaningless internet list generalizations and silliness.
 
2014-06-02 09:21:36 PM

Debeo Summa Credo: gameshowhost: 8. Immensely large chance of having inherited a shiatload of money

9. Dumb ass luck

10. Used anti-competitive rules/laws/market failure to rake in abnormal economic profits

11. Tend to biatch on the internet about how those mean rich people didn't earn what they have.

Oh wait, sorry, that's not a trait of rich people. That's a trait of poor losers who are bitter about the shiatty decisions they've made in life.


While I exaggerated for effect, the fact of the matter is that in the United States, that's how most people become wealthy.  The economic data shows such.
 
2014-06-02 10:14:10 PM

gameshowhost: Debeo Summa Credo: gameshowhost: 8. Immensely large chance of having inherited a shiatload of money

9. Dumb ass luck

10. Used anti-competitive rules/laws/market failure to rake in abnormal economic profits

11. Tend to biatch on the internet about how those mean rich people didn't earn what they have.

Oh wait, sorry, that's not a trait of rich people. That's a trait of poor losers who are bitter about the shiatty decisions they've made in life.

While I exaggerated for effect, the fact of the matter is that in the United States, that's how most people become wealthy.  The economic data shows such.


And the fact is that there are self-made millionaires and billionaires, in the US and elsewhere. Even in the UK there are self made billionaires in the top ten list. Branson and Dyson didn't come from wealthy families by any means, and people like Lord Sugar (host of the UK The Apprentice) started out dirt poor selling stuff in London street markets.

Established fortunes exist because well managed they will carry on for years, but there are new billionaires joining them every year.

I'm not a billionaire, but I don't claim that that's because "the system" or "the man" is keeping me down.
 
2014-06-02 10:19:42 PM

Debeo Summa Credo: inclemency: A) almost any wealthy person has, even while attempting to justify to themselves, farked the poor in a matter that is willfully ignored and congratulatorily placated with token efforts that cost less than 10% of the satisfaction they feel from helping out (almost all, not all)
B) the attempts of the 1% to 'help out' that I've been witness to have been shallow and minor attempts to assuage the minimal guilt semi-sociopaths feel.

/have worked a lot of catering.
//don't now, had a drinking problem going in, two years exacerbated it
///could never, even if I beat my wife and stabbed my dog, be as vile as those I've servef

I. thought if was helping by throwing my unwanted leftovers at you. Saved you a trip over to pick it up, no? Ingrate.


This post makes me think you might be a troll.
 
2014-06-03 07:11:23 AM

Rapmaster2000: I was at the liquor store on Saturday and this woman in front of me purchased $90 in lottery tickets.  I was dumbfounded.


What were you doing in a liquor store? Oh, right, getting alcohol to consume so you can relax and forgot about your troubles and enjoy yourself.  But go ahead and judge other people's use of discretionary income to buy a few moments of hope and happiness.
 
Displayed 50 of 51 comments

First | « | 1 | 2 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »





Report