Max Roberts 5 hours ago

They are very rich, unlike the majority of humans just scraping by or worse.

They got everything they have by taking from others what was rightfully those others'.

Having once ascended to a life where ordinary worries no longer apply, they assume their own moral superiority brought on a better life, then arrogate to themselves airs and conceits.

Preceding is the standard BS of many populists, most socialists, and likely all Marxists. I never took a poll, but it seems something like that.

Some who are well-off stole what they have, but those are rare outside barbaric societies.

In orderly societies, more were (1) focussed, found a good opportunity and (2) stuck with it. These take some level of ability looked at by itself seems no bid thing.

Once in the upper strata, one is easily tempted to think himself a cut-above. Well, original fortune builders have unique abilities enabling them to spot opportunity and stick with it. So they likely see others as just inefficient or unaccountably forever in their own way.

Fortune builders usually attract spouses who know also know a good thing when they see it, but they tend to enjoy wealth someone else makes rather than create more.

By their 4th or 5th generations at latest, rarely anything is left

Entrepreneurs got rich by making and selling something lots of others wanted. The tech types like Jobs sell a special good.

Bezos found a new way to bring products to buyers. People had only to look on line, order some product and wait for its delivery. Looks simple now, but at different points, Bezos nearly crashed, before reaching a lasting breakeven.

Buffett does something a lot different. He is like an Anthropologist. He looks for firms with hungry management and good products likely to be wanted by huge markets. And he does well buying and selling or buying and holding. Buffett is a skinflint. He kept his original house, but elsewhere has one more elaborate. A simple philosophy guides Buffett. He is not all humble and doggy, yet sees no point spending money on things he does not need to impress people he does not like. Not saying he dislikes them, but they are not interesting. Buffett's big charges come from finding an undervalued asset -- usually a financial asset -- or from the company of people whose thoughts intrigue him.

With basic needs covered, what are greater than friends whose company you enjoy and whom you could entrust with your children's lives if you had to?

Richard B 8 hours ago

It a shock. The media has done this. Not only made Buffet a saint and Musk a devil, but the unknowns in the middle who escape a lot of scrutiny. Of course Warren is a kindly grandfather image but he has carefully cultivated that. By staying in Omaha in his modest house, he has an image that is not exactly accurate.

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