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Ah, the insecurity of living dividend to dividend

Pity Ann Romney … forever in fear that her $250MM net worth could be "here today and gone tomorrow" …

Perhaps she needs a safety net.

"Most people imagine that the rich are in heaven, but, as a rule, it is only a gilded hell. There is not a man in the city of New York with genius enough, with brains enough, to own five millions of dollars. Why? The money will own him. He becomes the key to a safe. That money will get him up at daylight; that money will separate him from his friends; that money will fill his heart with fear; that money will rob his days of sunshine and his nights of pleasant dreams. He cannot own it. He becomes the property of that money. And he goes right on making more. What for? He does not know. It becomes a kind of insanity. No one is happier in a palace than in a cabin."
— Robert Green Ingersoll, “A Lay Sermon” (1886)
#ddtb

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Ann Romney: ‘I Don’t Even Consider Myself Wealthy’
Apparently “Romneying” — defined as “accidentally bragging about your place high up in the economic stratosphere” — runs in the family. His wife, Ann Romney, inexplicably talked about her wealth this …

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2 thoughts on “Ah, the insecurity of living dividend to dividend”

  1. Yes, but losing half of $250MM net worth is rather different from losing even 1/4 of $100K, and you don’t even want to think about 75% of anything less, which is about what happened to Edna.

    A friend’s father invested with Madoff. At least their daughter is young enough for them to have a chance to save for her college tuition etc.

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