Does having more make you feel secure? - The Daily Reckoning
The Daily Reckoning by Bill Bonner
On This Day - 18 February 2014
Does having more make you feel secure? A  A  A

Markets were closed on Monday in honor of dead presidents. Like every other race, Americans remember their scoundrels and forget their saints. But that is the way the world works, and who are we to argue with it?

Since yesterday was a holiday, we have no market moves to report. We spent the day coming back from South Carolina, and ruminating on St. Valentine's Day...

We turned to Elizabeth to suggest an idea:

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"After a certain point, it really doesn't matter how much money you won't change your life in any way. You don't need a bigger house or a fancier car. It really is the things that money can't buy that matter most. Speaking for myself, I would be happier with much less. Really, all I want is a cozy house with a big fireplace...a good chainsaw...and a fertile vegetable garden.

Still, people always want to have more. Your editor included. Maybe it makes us feel more secure. But, more likely, it's just a way of keeping score in life. And we want to win. It's an instinct... closely related to Valentine's Day.

"What is the ultimate, most fundamental form of winning?" we asked Elizabeth. "Gaining wealth Winning the love of others? Status? Power? Or simply reproducing?"

Marco Polo, traveling in what is today the Indian state of Andhra Pradesh found a man who had it all:

    The king possesses great treasures. And wears upon his person a great store of valuable jewelry. This king has some 300 wives; in those parts the man who has the most wives is most thought of."
But what does the poor man do on St. Valentine's Day?

Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

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3 Responses to "Does having more make you feel secure?"

Prof Keshava Nireshwalia

Feb 23, 2014

Money can fulfil many needs - both real and imaginative. It has great role in philanthropy. By giving only one can grow rich. for giving away, one needs money.All money needs tobe handled easily if we really claim ownership.



Feb 21, 2014

Bill's wife seems to echo my wife's views on matters of money and what it can do (certainly on what it buys !!)and sounds happier with less. I get a distinct feeling -- may be Ajit Dayal may have ( if not yet, he can & would do well to) introduce them to oriental thoughts and philosophy on life and its money merry go-rounds.Then later we are sure to get more enlightened news letters from him.



Feb 18, 2014

If you have the money that you can handle then you are the master of the money but if you have the money that cannot be handled or difficult to handle then the money becomes your master.

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