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Man Built a $188M Fortune Investing in Stocks Then Donated It to Charity

129 点作者 cow9大约 4 年前

7 条评论

jsjsbdkj大约 4 年前
From the article:<p><i>Most millionaires opt for stealth wealth. Their friends don’t know, their coworkers don’t know, their extended family doesn’t know. In a few cases, not even their children know! Wealth is accumulated through habits; at least in a free society like ours. At the moment, something like 1 out of 25 households falls into the millionaire category, most of it self-made.</i><p>From the comments:<p><i>Your right in Jack MacDonald&#x27;s case too, he didn&#x27;t make his initial money from stocks, his wealth was inherited which was then invested, he didn&#x27;t spend any of it because he thought of himself as the steward of the inherited wealth<p>&quot;His wealth was inherited from his parents, who owned MacDonald Meat Co. in Seattle, and he sought to boost the funds by investing their money&quot;</i><p>&quot;Wealth is accumulated through habits&quot; is a great story to tell people but it seems very often to be complete BS.
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sethc2大约 4 年前
Here’s a guy who saved his money and invested it and made a huge fortune from an inherited fortune, all so he could give it away.<p>The response - “ugh what an a-hole, who inherited his wealth”.<p>I’m so sick of hacker news. I mean if you were defending someone who squandered their opportunities but the bias was in the system, I applaud that defense. We should be very aware that some people are screwed and oppressed.<p>But it’s like you can do no good, unless you’ve overcome some huge gross injustice, or had zero privilege.<p>It reminds me of the Baptist’s who tell people they have no faith because you haven’t first went off and totally screwed yourself up and riddled yourself with addiction before “coming to Jesus”. If you respond well “I’ve just tried helping the poor, trusting and worshipping what I know of God, and being compassionate towards my fellow man” they’ll ask “but have you been first an awful human being then prayed the Jesus prayer?”<p>Likewise on HN - “I gave all my money to charity to help the less fortunate” response - “yeah but did you inherit that wealth?”
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yboris大约 4 年前
Related:<p><i>Effective Altruism</i> is a movement &amp; community of people focusing on the <i>effectiveness</i> -<p>&gt; about answering one simple question: how can we use our resources to help others the most?<p><a href="https:&#x2F;&#x2F;www.effectivealtruism.org&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.effectivealtruism.org&#x2F;</a><p><i>Giving What We Can</i> is a community of people who have pledged to give at least 10% of their income to <i>cost-effective</i> charities. I&#x27;m a proud member of 10 years.<p><a href="https:&#x2F;&#x2F;www.givingwhatwecan.org&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.givingwhatwecan.org&#x2F;</a><p>Zell Kravinsky gave nearly-all of his $45 million he made from real-estate<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Zell_Kravinsky" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Zell_Kravinsky</a> and a talk he gave <a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=RvUcbcUMtXw" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=RvUcbcUMtXw</a>
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rory大约 4 年前
The author is a money manager, so it shouldn&#x27;t be surprising he mixed in a bunch of feel-good simplifications and tautologies about rich people.<p>But regardless of the source of his wealth, the subject still faced the temptation of greed and didn&#x27;t succumb to it. Good on you, Jack.
secondcoming大约 4 年前
Chuck Feeney was a billionaire who gave pretty much all of it away [0]<p>[0] <a href="https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;stevenbertoni&#x2F;2020&#x2F;09&#x2F;15&#x2F;exclusive-the-billionaire-who-wanted-to-die-brokeis-now-officially-broke&#x2F;?sh=5edcb8023a2a" rel="nofollow">https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;stevenbertoni&#x2F;2020&#x2F;09&#x2F;15&#x2F;exclus...</a>
noxer大约 4 年前
Kinda funny that people think he makes the world a better place but all his earnings are someone else loses and there is no was to know how much of these loses comes form people who dont need it. Most of it probably came form taking a cut out of someone else profits because long time the marks only go up so by beating other players his assets went up more. He may got it form &quot;the rich&quot; or maybe from a retirement fund who knows.
circumvent123大约 4 年前
Joshua&#x27;s blog is great for stories like these. It&#x27;s too bad he took down a good percentage of his posts after opening his wealth management firm.