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Offline amgsl55

  • Tooth hurty

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You have to wonder sometimes what drives a James Packer or Laughlin Murdoch to take huge risks, and they have, particularly James to maintain or increase wealth when they could retire many times over to the Bahamas on what they have, it must be ego or something instilled in them by their fathers, the fighting instinct.

It's not about the money



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

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I saw an interesting doco on the plane home from Europe last week about Rupert Murdoch.  He and his second wife drifted apart because he was never home.  Sadly it seems the third marriage has failed too.  It makes you wonder what is really important.

I'm not sure if marriages fail because the man isn't there enough, he's not there for many reasons and the marriage may have failed anyway, if the marriage was strong enough they would have stuck it out.

I watch too many chic flicks.  :doh:



Offline dodger

  • Tommy Gunna

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Offline amgsl55

  • Tooth hurty

  • Joined: Feb 2011

  • Location: Adelaide
...and then you read stories like this
 
Quote
FORMER AFL star Brendan Fevola has been declared a bankrupt. ...........

..............The court heard of a tally of debts claimed to be worth more than $60,000.


given everything on a silver platter and you snort and gamble it away



Offline dodger

  • Tommy Gunna

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I remember a wealthy self made man telling me long ago that the hardest thing was to make the first million. After that it was easy, money makes money. True; but only if you know what you are doing.

They used to say that......substitute the $1m for $10m these days.



Offline mhh

  • Chief Test Pilot

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  • Location: Adelaide
Yes and no IMO. It takes the same characteristics and personality to do both. It generally takes a lot longer to start from scratch though.

I can't agree.  James Packer and Lachlan Murdoch have been multi-millionaires all their lives. The have never known poverty. They can't see the world the same way as the man who had nothing and risked everything like their grandfathers did.



Offline 360c

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If you read Killing Fairfax you'll see that Kerry rubbished James until he was clinically depressed, it was Tom Cruise that came to his rescue.
He dumped media and went for gambling, was on the edge for a while but is way ahead now, even at that level he could have gone broke, he paid $1B for the last Casino permit in Las Vegas........just the permit.

Yup, it was a family trait for the Packers apparently. Kerry suffered the same thing from his father.
Cruel way of developing a tough character; but maybe it makes them who they are.

Enzo Ferrari once said that his great strength was being a "manipulator of men". He got the best out of his employees by
psychology, often pitting them against each other. It had fatal consequences for the drivers on a number of occasions.



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

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Yup, it was a family trait for the Packers apparently. Kerry suffered the same thing from his father.
Cruel way of developing a tough character; but maybe it makes them who they are.

Enzo Ferrari once said that his great strength was being a "manipulator of men". He got the best out of his employees by
psychology, often pitting them against each other. It had fatal consequences for the drivers on a number of occasions.

I think Kerry was a c*** to be honest, you don't treat your son like that.

A guy I was in partnership once was described to me as "a professional user of people" he was a "c" too as I found out..........



Offline 360c

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I can't agree.  James Packer and Lachlan Murdoch have been multi-millionaires all their lives. The have never known poverty. They can't see the world the same way as the man who had nothing and risked everything like their grandfathers did.

That's the yes bit of the yes and no comment. However the appetite for risk and intelligence is the same as the guy who started with nothing. Clearly Packer and Murdoch are prepared to risk it all, just like the self made man. I bet they would all score much the same on a personality test.



Offline mondi

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Ash might be right.  Happiness comes from liking what you have and not having what you like.


Did you make that up or read it in a fortune cookie????  Either way very nice - I am going to use that!  :D



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