“Difference between rich and wealthy? Wall Street bankers are rich but they are no wealthy.Wealthy people are the ones writing their checks.”

Ziad K. Abdelnour

Explore This Quote Further

Quote by Ziad K. Abdelnour: “Difference between rich and wealthy? Wall Street… - Image 1

Similar quotes

“We were born a nation of entrepreneurs. That is why so manypeople came to this country from so many different nations and culturesaround the globe. The entrepreneur sees the opportunity, takesaction, and successfully learns from the experience. They go on tocreate wealth. They become part of that demographic that is called“the rich.” They, not the government, drive the economy and createjobs. Only a mind with an envious, greedy perspective would considerpunitively taxing the rich as a viable solution to our fiscal miasma.This is a solution springing from the fount of ignorance and deemedwise only by fools.”


“It is an oft-repeated axiom that a person can learn a whole lot abouta society by how it treats its poor; but just as much may be learnedby looking at how that same society treats its rich. Indeed, the economicfuture of the poor—and our nation—will be determined in the coming decades by how we treat the people in this country who create great wealth. It will be determined by our understanding of theso-called rich and by our need to foster and protect this minority oftrue wealth creators.”


“When people tell you that thisvenerable firm or private investor invested X millions of dollars inthat entity and that it is a good investment, be skeptical and stay opento the option of running as far as you can in the opposite direction.We have all seen the biggest names on Wall Street along with thelargest sovereign wealth funds on the planet make the dumbest investmentsever made. Do your due diligence; ask the right questions, andmost important, check out the character of the people involved unlessyou want to end up being prey to another master of the universe àla Bernie Madoff.”


“There is nothing inherently evil in the process of making money,and the notion is illogical, but that is one of the underlying tenetsin our present education system. We are taught from an early agethat making money is hard and that those who make lots of moneyare morally suspect. American culture studies programs at some ofthe nation’s leading universities have even gone so far as to teach theabsurd and illogical notion that the rich became rich because theyenjoy privilege earned on the backs of African slaves. Minoritymillionaires like entrepreneur Herman Cain, Earl Graves, Sr., andReginald F. Lewis prove the utter nonsense of this notion, yet thisis the illogical Progressive philosophy that has permeated our educationsystem.”


“Too many people today on Wall Street go for the quickbuck at the expense of their reputation and client satisfaction, therationale being “let’s make the money while we can and retire earlyin the sun.” For me, this is not a sprint but a marathon, besides thefact that, in my definition, overnight success is 15 years. Anyone whodoes not understand the basic tenets of this philosophy is not someoneI can or will do business with.”


“Don't blame people for who they are, blame yourself for thinking they were different.”