“People who originally have no means but are ultimately able to earn a great deal, through whatever talents they may possess, almost always come to think that these are permanent capital and that what they gain through them is interest. Accordingly, they do not put aside part of their earnings to form a permanent capital, but spend their money as fast as they earn it. But they are then often reduced to poverty because their earnings decrease or come to an end after their talent, which was of a transitory nature, is exhausted, as happens, for example, in the case of almost all the fine arts; or because it could be brought to bear only under a particular set of circumstances that has ceased to exist.”

E. Payne, trans. (1974) Vol. 1, p. 348
Parerga and Paralipomena (1851), Aphorisms on the Wisdom of Life

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "People who originally have no means but are ultimately able to earn a great deal, through whatever talents they may pos…" by Arthur Schopenhauer?
Arthur Schopenhauer photo
Arthur Schopenhauer 261
German philosopher 1788–1860

Related quotes

George W. Bush photo

“Earn capital to spend capital.”

George W. Bush (1946) 43rd President of the United States

Presidential Leadership speech http://www.c-span.org/video/?326958-1/presidents-clinton-george-w-bush-leadership (9 July 2015)
2010s, 2015

Warren Buffett photo
Ronnie Radke photo

“The world will not end. This is ridiculous. I think it's like 2000. It's a great trick to do business and earn lots of money because stupid people hoard things. This is a stimulator of the economy.”

Ronnie Radke (1983) American singer

In an interview with the magazine Alt Press http://www.fallinginreverse.com.br/2012/06/entrevista-com-ronnie-radke-na-alt-press.html

Warren Farrell photo
Cosimo de' Medici photo

“All those things [meaning works of art] have given me the greatest satisfaction and contentment because they are not only for the honor of God but are likewise for my own remembrance. For fifty years, I have done nothing else but earn money and spend money; and it became clear that spending money gives me greater pleasure than earning it.”

Cosimo de' Medici (1389–1464) First ruler of the Medici political dynasty

Attributed to Cosimo de' Medici by Salviati; as cited in Taylor, F.H. (1948). The taste of angels, a history of art collecting from Rameses to Napoleon. Boston: Little, Brown. pp. 65–66.

Warren Buffett photo

“The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

2007 Chairman's Letter http://www.berkshirehathaway.com/letters/2007ltr.pdf
Letters to Shareholders (1957 - 2012)
Context: The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.

Scott McClellan photo

“This relationship is built on trust, and you know very well that I have worked hard to earn the trust of the people in this room, and I think I've earned it -- and I think I've earned it with the American people.”

Scott McClellan (1968) Former White House press secretary

Source: Press briefing http://georgewbush-whitehouse.archives.gov/news/releases/2005/10/20051031-3.html, October 31, 2005

“Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 19, Taxes on Consumption and Wealth, p. 453

Barack Obama photo

“But he understood from hard-earned experience that true security comes through making peace with your neighbors.”

Barack Obama (1961) 44th President of the United States of America

Remarks by President Obama at Memorial Service for Former Israeli President Shimon Peres on Mount Herzl in Jerusalem, Israel. https://www.whitehouse.gov/the-press-office/2016/09/30/remarks-president-obama-memorial-service-former-israeli-president-shimon (30 September 2016)
2016

Basava photo

“Earn wealth through honest and truthful work.”

Basava (1134–1196) a 12th-century Hindu philosopher, statesman, Kannada Bhakti poet of Lingayatism

Basavanna's Preachings

Related topics