Jump to content
House Price Crash Forum

Archived

This topic is now archived and is closed to further replies.

Will!

Half remembered quotation about making money

Recommended Posts

I have an idea that on this forum years ago I read a (famous?) quotation to the effect that there are only three ways to make money:  make something, grow something or dig something out the ground and everything else is just moving it around.

Does anyone know the correct quotation please?  I can't find anything with google.

Share this post


Link to post
Share on other sites
On 1/19/2018 at 9:30 PM, Will! said:

I have an idea that on this forum years ago I read a (famous?) quotation to the effect that there are only three ways to make money:  make something, grow something or dig something out the ground and everything else is just moving it around.

Does anyone know the correct quotation please?  I can't find anything with google.

Well, there's this:

Quote

Sir John Rose, chief executive of Rolls-Royce, is one of Gordon Brown's closest industrial advisers, so let's hope the aerospace boss has whispered a few wise words to him about creating wealth, rather than just spending it, ahead of tomorrow's day of reckoning. As Sir John says, there are only three ways to make wealth: you dig it up, grow it or convert something in order to add value. Anything else is merely moving it about. - The Independent

The writer has attributed it to SJR, but I'm thinking it has earlier origins. The Indie quote comes from an article about globalisation entitled "Science is key to how we add value and create wealth", written by SJR for The Telegraph in 2006. In that article, SJR does not attribute the maxim to anyone:

Quote

There are only three ways of creating wealth - you dig it up, grow it, or convert it to add value. Anything else is merely moving it about. In a high wage economy you must focus on high converted-value activities. To achieve high converted value you need good education and differentiating skills.

Here is another reference to SJR's usage of the adage, this time with a suggestion it has earlier origins (unattributed):

Quote
But he reiterated an old adage: “As the events of the last year have reconfirmed, there are
only three ways of creating wealth – you can dig it up, grow it or convert something in order
to add value. Anything else is merely moving it about.

I should add that the quote concerns wealth (a tangible thing) rather than money (wtf is that?).

 

Share this post


Link to post
Share on other sites
19 hours ago, Sledgehead said:

Well, there's this:

The writer has attributed it to SJR, but I'm thinking it has earlier origins. The Indie quote comes from an article about globalisation entitled "Science is key to how we add value and create wealth", written by SJR for The Telegraph in 2006. In that article, SJR does not attribute the maxim to anyone:

Here is another reference to SJR's usage of the adage, this time with a suggestion it has earlier origins (unattributed):

I should add that the quote concerns wealth (a tangible thing) rather than money (wtf is that?).

 

That's it, thank you!  As you say it concerns wealth rather than money.

Share this post


Link to post
Share on other sites
14 hours ago, Will! said:

That's it, thank you!  As you say it concerns wealth rather than money.

And creating wealth is a difficult and increasingly unreliable way of acquiring wealth.  

Much better to simply take other people’s wealth through landlording, or similar. 

Share this post


Link to post
Share on other sites
47 minutes ago, BuyToLeech said:

And creating wealth is a difficult and increasingly unreliable way of acquiring wealth.  

Much better to simply take other people’s wealth through landlording, or similar. 

Easier rather than better (looking at it from the non-individual point of view).

The whole thing about wealth is that there's an obsession with creating it. For what purpose isn't clear, squandering it mostly it seems.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.