Nouveau Riche
In China, “Nouveau Riche” is derogatory and refers to describe a person who has acquired wealth recently and is regarded as vulgarly ostentatious or lacking in social graces, often of a critical kind. You also can read the interpretation of Nouveau Riche From Wikipedia, the free encyclopedia.
There is no one but hopes to be rich. My ambition is to make money and retire young. But if I work hard for years, what will I wind up with? Money, position and respect?
WARREN EDWARD BUFFETT, 61 Omaha NEBRASKA $4.4 45% of Berkshire Hathaway. ”I tap-dance into work, and then I read and talk on the phone for seven or eight hours, and then I go home and read some more,” CEO Buffett told shareholders at the 1991 Berkshire Hathaway annual meeting. The folksy Nebraskan is America’s most successful investor, and Berkshire Hathaway stock recently traded at a lofty $8,750 per share, its high for the past 12 months.
Here is an article about Nouveau Riche—THE BILLIONAIRES 1991, the article is an attempt to make a com-pilation of all billionaire and introduce their Legendary Life. ie. The first person on the survey is 45-year-old MU’IZZADDIN WADDAULAH, who made his fortune in oil and gas.
The causes of wealth are something totally different from wealth itself. The standard criticism is that most people stick to established business activity , rather than going for more innovative work. The idea of risk also carries with it the possibility of failure, many of us tend to wait for others to take charge, that is why there is a large crowd of people do business but only few can be upstart.
Warren Edward Buffett was born on August 30, 1930, the middle child of three. Even as a young child, he was pretty serious about making money. At the ripe age of 11, he bought his first stock. There Buffett took a job with the Lincoln Journal supervising 50 paper boys in six rural counties. Buffett ran his five paper routes like an assembly line and even added magazines to round out his product offerings… And over the length of the Buffett partnership between 1957 and 1969, Buffett’s investments grew at a compound annual rate of 29.5%, crushing the Dow’s return of 7.4% over the same period… One thing’s for sure about Buffett：He’s happy doing what he’s doing.
It is not enough only to list the billionaires, we should know how to be. You’re after trying to make life better for your patient other than the pills that you prescribe. So, I’d like to recommend to you an article in Business. Tapping Russia’s new nouveau riche— Michael V. Copeland express some of his personal views on this matter. I agree that this article is worth reading.
People work for money because of desire, looking at the current economic gloom, what would you like to do?