April 14, 2015 Leave a comment
For Whom Wealth Matters
December 12, 2014 Leave a comment
Billionaire Alisher Usmanov paid $4.76 million at auction to buy James D. Watson’s 1962 Nobel Prize. Yes, the same Watson of the Watson & Crick model of the double helix structure of DNA. Usmanov, plans on giving back the medal to Watson.
As Usmanov puts it: “In my opinion,a situation in which an outstanding scientist has to sell a medal recognizing his achievements is unacceptable.”
August 2, 2014 1 Comment
This post is in response to a comment from a wealthymatters reader who was so moved by what he read in one of my posts as to want to donate money to get the message across to more people.
He raised the issue of the lack of a donate button on my blog to make the process hassle free.So,this weekend onwards wealthymatters carries a donate button on the right margin through which donations of any amount can be made in any currency of the world.The transactions are via PayPal.But you don’t need to have a PayPal account to donate to or sponsor wealthymatters.Any credit or debit card will work just fine.Similarly internet banking is another option.To use these options,please use the very inconspicuous link PayPal provides towards the bottom left of the page.
Also if you have any specific requests of how your money should be used,please note them in the space marked purpose.
July 8, 2014 Leave a comment
I quote from the Gospel of Wealth published twenty-five years ago. This then is held to be the duty of the man of wealth. First: to set an example of modest, unostentatious living, shunning display; to provide moderately for the legitimate wants of those dependent upon him, and after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is strictly bound as a matter of duty, to administer in the manner which in his judgment is best calculated to produce the most beneficial results for the community.
The man of wealth must become a trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer. Those who would administer wisely must indeed be wise. For one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown into the sea than so spent as to encourage the slothful, the drunken, the unworthy.
In bestowing charity, the main consideration should be to help those who help themselves. It provides part of the m Read more of this post