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Jul 20, 2021 by Morgan Housel Wealth is easy to measure but hard to value. When George Vanderbilt moved into Biltmore – the largest home in America at 178,000 square feet – one newspaper in 1899 wondered what the point was. The goals of the country’s richest during the Gilded Age, it said, seemed to be “devoting themselves to pleasure regardless of expense.” But often they got the reverse: “Devotion to expense regardless of pleasure.” George didn’t spend much time in the 250-room mansion which, by the time he died, had nearly bankrupted him. Twenty years before Biltmore was constructed, the New York Daily Tribune wrote that “The Vanderbilt money is certainly bringing no happiness to its present claimants.”

United statesSara rooseveltGeorge vanderbiltCharlie mungerFranklin rooseveltGilded ageNew york daily tribuneஒன்றுபட்டது மாநிலங்களில்சாரா ரூஸ்வெல்ட்ஜார்ஜ் வாண்டர்பில்ட்சார்லி முங்கர்பிராங்க்ளின் ரூஸ்வெல்ட்கில்டட் வாழ்நாள்புதியது யார்க் தினசரி ட்ரிப்யூன்