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laram
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Wealthy people don't do that and are actually taught against doing that.
I've worked for a guy for 18 yrs who was once one of the richest owners in the NFL, he leaves money on the table ALL the time.
I would suggest you read Steve Jobs book (if you haven't already or The Road Ahead by Bill Gates.
You get to a point where the deal (process) is more important than the money.
Here is a quote from the Mooch in a Bloomberg piece. Anthony Scaramucci that is.
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Q: How is your deal making philosophy different from most?
A: I didn't have my epiphany until I met Li Ka-Shing, who is one of the most successful people in Asia. His whole thesis is to leave money on the table for your partners. Then they will feel good and want to do business with you again. If you grab for every last nickel, you will never be happy.
I was trying to stick with generalizations and not get into a nuanced discussion.
But yeah...I haven't read those books but I know that some subscribe to the philosophy you lay out here.
In fact, I once had a small real estate flipping business and subscribed to that exact philosophy myself and worked with many others who also did.
The difference is, they are not leaving money on the table because they were "set for life"; they're doing it because it's good business.
Also note that his philosophy is described as 'different from most.'
My 3 year old daughter rejected my offer to give her a dollar because she already had two! That's a childish attitude that tends to wear off.
I maintain that not many adults leave money on the table for the primary reason that they already have enough.
Business reasons? Other factors? Sure.
