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Tuesday, January 10, 2006

How To Create Wealth

Recently, I finished reading Hackers and Painters by Paul Graham. Paul Graham is an essayist, painter and programmer. The book is a compilation of articles he wrote on his blog. He writes about random and diverse topics that he finds interesting. Some of his good articles are: Why Nerds Are Unpopular and Hackers and Painters where he draws the analogy between programming and painting. However, the one that really got my attention was this one: How to Create Wealth. Graham first describes the difference between wealth and money and explains how wealth is not fixed (i.e. we can all be wealthy). He then argues that the fastest way to create wealth is through start-ups and explains why start-ups are usually associated with technology. One of the memorable quotes from his article:
"Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four"
Great article and worth checking out.