Money Psychology 3: Never enough
Rajat Gupta became the CEO of McKinsey by his mid 40s. He took roles with the United Nations and the World Economic Forum. He did philanthropic work with Bill Gates. He sat on the board of directors of five public companies.
He was reportedly $100 million.
But he wanted to be a billionaire. So, he found a lucrative side hustle. As a board member of Goldman Sachs, he had access to valuable information before a profitable deal went public. He leaked those to his stock investor friends. Gupta made profits through his insider tips.
And he went to prison for insider trading.
It gets dangerous when the taste of having more increases ambition faster than satisfaction. The ceiling is so high that virtually no one will ever hit it.
It is a battle you can never win.
There’s no reason to risk what you have and need, for what you don’t have and don’t need. An insatiable appetite for more will push you to the point of regret.
[The Psychology of Money: Lessons 3 of 18]
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