A short time ago Leonard Cohen lost much of his money. He published a book of poetry and seems to be doing OK again. I think he is more important than his money. He has a name.
Donald Trump, in the 1980’s was purported to have said that a panhandler on the street was worth more than he was. Yes and no. Donald had his name to trade on.
Aristotle Onassis gave advice about how to get rich: buy an expensive suit and hang around posh parties. Make a name.
You can tell when money is more important than you are if it controls you. Hemingway said the rich were different, and he meant that the money was what guided their lives. Money can make you act in ways that are inhuman, simply to protect it, the abstraction of a number in the bank, that is not allowed to decrease, but must always increase. This is the danger. Making a name in something other than money, like Bill with software (maybe not a great example), is liberating, because the money will follow, not lead.
Soros is becoming a humanitarian, yet his name is associated with currency trading. He is trying to liberate himself. Bill too, with humanitarianism, and Warren Buffett of course. So rich guys sense that the money is more important than they are and try to use it to change that. It helps to have name recognition, for talent rather than for wealth, but the game is to make wealth accumulation look like talent, which is not always easy, since much of it depends on luck, leverage and ruthlessness. It is much more like being a general than an artist, and the field is full of opponents You can always be a patron of the arts and get it by proxy, but that is like being a john. No real love there.
Closer to home, there are the real-estate agents who convert heritage and land into abstract profit, and who are slowly eroding the material fabric of the city six percent at a time. The malaise of our town is that money is more important than anything. We do art on Sundays, but the meetings at the museum or at the library have more to do with operating expenses than with creation. And the old folks die, leaving their abstract numbers to their kids who leave to live in the bigger cities, and who sometimes come back to settle, buying old houses, tearing them down, or covering them with maintenance-free siding and giving six-percent to the real-estate agents who cover the town with their signs.
Soros is becoming a humanitarian, yet his name is associated with currency trading. He is trying to liberate himself. Bill too, with humanitarianism, and Warren Buffett of course. So rich guys sense that the money is more important than they are and try to use it to change that. It helps to have name recognition, for talent rather than for wealth, but the game is to make wealth accumulation look like talent, which is not always easy, since much of it depends on luck, leverage and ruthlessness. It is much more like being a general than an artist, and the field is full of opponents You can always be a patron of the arts and get it by proxy, but that is like being a john. No real love there.
Closer to home, there are the real-estate agents who convert heritage and land into abstract profit, and who are slowly eroding the material fabric of the city six percent at a time. The malaise of our town is that money is more important than anything. We do art on Sundays, but the meetings at the museum or at the library have more to do with operating expenses than with creation. And the old folks die, leaving their abstract numbers to their kids who leave to live in the bigger cities, and who sometimes come back to settle, buying old houses, tearing them down, or covering them with maintenance-free siding and giving six-percent to the real-estate agents who cover the town with their signs.
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