Who Really Matters: The Core Group Theory of Power, Privilege, and Success by Art Kleiner

Author:Art Kleiner
Language: eng
Format: mobi
Publisher: The Crown Publishing Group
Published: 2003-10-13T14:00:00+00:00

Some forms of equity are measurable while others are not, but all of them have two key features in common.

First, they give you leverage in an organization (and in life in general).

Second, they accrue exponentially, with the same compound-interest emotional dynamics as a savings account.

When you first consider building a nest egg (say, in your twenties), it seems impossible that your amounts will ever amount to anything of significance. But suppose you stick with it. You even pick up the pace of savings as your income increases, eventually crossing a threshold of confidence; the recognition of your own ability to acquire a significant stake. In other words, you’ve demonstrated your ability to save. Moreover, in the process, you’ve learned something about making money and investing it. You’re probably earning more, so your savings represent a smaller proportion of your discretionary income. (This is one of the key themes of such bestsellers as Rich Dad, Poor Dad, which stress building financial equity not primarily as money saved but as knowledge of business and of one small realm of investment where your expertise will catapult you into confidence.)

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