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When Canadian writer Malcolm Gladwell (author of Outliers etc) recently spoke to a roomful of Wall Street hedgefund managers, each of whom earned US$50 million a year, he decided to mess with their minds.
Mr Gladwell was then researching just how much money was enough for these financiers and their families to feel fulfilled. He recalls: "I didn't know what the right figure was for 'enough' but I told them I did, and said they should be happy with US75,000 a month.
"Now, each of these guys makes US$75,000 in the time he takes to walk from the water cooler to his office. So imagine their faces when I told them US$75K was enough."
He then muses: "When people get too well-heeled, they lose the capacity for certain action on certain ideas to stay ahead."
Rings a bell?
Mr Gladwell was then researching just how much money was enough for these financiers and their families to feel fulfilled. He recalls: "I didn't know what the right figure was for 'enough' but I told them I did, and said they should be happy with US75,000 a month.
"Now, each of these guys makes US$75,000 in the time he takes to walk from the water cooler to his office. So imagine their faces when I told them US$75K was enough."
He then muses: "When people get too well-heeled, they lose the capacity for certain action on certain ideas to stay ahead."
Rings a bell?