Oprah on Wealth

From news reports:

Oprah Winfrey is a rich woman – and she’s got no problem with that. Speaking in Baltimore on Monday at a fundraiser for Beth Tfiloh Dahan Community School, Winfrey told the audience, “I have lots of things, like all these Manolo Blahniks. I have all that and I think it’s great. I’m not one of those people like, ‘Well, we must renounce ourselves.’ No, I have a closet full of shoes and it’s a good thing.” Winfrey, 52, who is reportedly worth more than $1 billion, said she doesn’t feel guilty about her wealth. “I was coming back from Africa on one of my trips,” she said. “I had taken one of my wealthy friends with me. She said, ‘Don’t you just feel guilty? Don’t you just feel terrible?’ I said, ‘No, I don’t. I do not know how me being destitute is going to help them.’ Then I said when we got home, ‘I’m going home to sleep on my Pratesi sheets right now and I’ll feel good about it.'”

This bit on Oprah reminded me of a similar, but much more eloquently worded sentiment here. And yes, there are a good many people who fail in the markets (or any other entrepreneurial endeavor for that matter) just because they think they don’t deserve it.

---
You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.