Results for “Robert Rosenkranz”

I felt that civil discourse in America was breaking down, with people splitting into two warring ideological camps. Meanwhile, the real issues we face are far more subtle, nuanced, and complex. I believed society needed what I call a contempt-free zone.

Warren Buffett had a phrase I really liked: You want to give your kids enough to do anything but not enough to do nothing. I set up a plan to create wealth for them—and I wildly overshot that.

Risk naturally triggers fear—fear of a bad outcome. But using reason to manage risk means applying a more analytical approach, almost like a mathematical assessment of risk and reward. If the odds are against you, how bad is the downside really?

The most important thing to me is that wealth has allowed me to live a full life, rich with experiences. I see wealth more as a means to experience than a way to acquire things. It has also given me control over my own time.

The idea of selfish philanthropy is a push against the notion of philanthropy as simply 'giving back.' That phrase implies that wealth was accumulated by taking something from society. But if you've built a successful business, you've contributed to society—you don't owe anything back.

I've always felt like a natural-born Stoic. When I first read Stoic philosophy, I thought, Oh my God, this is exactly how I've been thinking since childhood. It wasn't a revelation so much as a way to organize the responses that already came naturally to me.

The idea of selfish philanthropy is a push against the notion of philanthropy as simply 'giving back.' That phrase implies that wealth was accumulated by taking something from society. But if you've built a successful business, you've contributed to society—you don't owe anything back.

The most important thing to me is that wealth has allowed me to live a full life, rich with experiences. I see wealth more as a means to experience than a way to acquire things.

Just because a decision doesn't work out doesn't mean it was the wrong decision. If it was based on the best available information at the time, it was still a sound choice.

The Stoic concept of courage is about letting reason prevail over emotion. Risk naturally triggers fear—fear of a bad outcome. But using reason to manage risk means applying a more analytical approach, almost like a mathematical assessment of risk and reward.

What's unique about Stoic Capitalist is that I aimed to shift those ideas from mere coping to succeeding on a much larger scale. At its core, Stoicism as a coping mechanism involves reining in emotion and distinguishing between what you can and cannot control.