Billionaires Are Not Happier Than Millionaires… and Enough!

With a long and frigid east coast trip behind me, it is good to be back home in Phoenix with Ellen. I am going to get back on the bike today and Max is going to come visit from University for the night. I am looking forward to seeing a lot of friends at my favorite conference (outside my own of course) at Upfront in Los Angeles.

I gathered some great content to share today. The theme today is success, luck, money, wealth and happiness.

In the interview coming up below on NPR with professor Galloway, he mentions that billionaires are not happier than millionaires.


I am not sure I can be much happier than I am today at 53.

I know how fragile my happiness is of course because of accidents and health.

We are all one text away from chaos.

Watch the whole interview right here.

Bloomberg has a story on how ‘The Super Young Rich are Getting Older and Multiplying‘. It is a good read.

This post from Sam Altman on ‘How To Be Successful‘ is excellent. Forward it to your kids and make sure you read it.

You can follow all Sam’s rules, but luck can still matter. This post from Marc Andreessen in 2007 titled ‘The Four Kinds of Luck‘ is a great read on luck.

Finally, Morgan Housel talks about efficiency in this awesome post titled ‘The Biggest Returns‘.

As Ken Griffin spends $1 billion on homes around the US, this snippet from Morgan’s post stands out:

Vanguard founder Jack Bogle, who passed away last week, began his book Enough with the following paragraphs. From an investor who improved the financial wellbeing of tens of millions of people through cost efficiency, not outperformance, this is invaluable:

At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds,“Yes, but I have something he will never have . . . enough.”

Have a great Saturday.