“With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves.”
(Adam Smith writes in The Wealth of Nations, 1776)
To my wealthy friends: don’t be a member of this “greater part”. Invest in the world you live in - and that doesn’t mean buying treasury bonds and gold, it doesn’t mean worry about “capital preservation” (esp. beyond capital required to live comfortably without ostentation.) Invest in building things: create jobs, create opportunities for others. Funny thing is, if you do this you will almost certainly end up wealthier in the end: certainly in terms of life, and quite possibly in terms of your bank accounts as well.
Another reason why it’s so important to work on fixing / re-inventing the financial system…