--- title: "Meaning & Key Takeaway of: We've had the most massive creation of…" description: "\"We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is ful..." image: "https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg" --- # We've had the most massive creation of wealth for people a… ![“We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is full of young people who really want to get rich, and when I left school nobody thought it was a reasonable possibility.” quote by Charlie Munger](https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg) [Download](https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg) [Open image](https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg) > “We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is full of young people who really want to get rich, and when I left school nobody thought it was a reasonable possibility.” [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Wealth creation is now dominated by younger generations, shifting traditional expectations of who can become rich. **In simple terms:** Young people are creating wealth faster than before. Key Takeaway Recognize and support youthful entrepreneurship. Themes wealth generational shift entrepreneurship economics Mood optimistic analytical Type observational economic When to use this quote - startup funding - career planning - financial education - investment strategies Key Concepts innovation capital accumulation social mobility Questions to Reflect On - How can societies balance youthful ambition with financial stability? - What safeguards protect against speculative bubbles? A Different Perspective Older models may underestimate the risks young entrepreneurs face. ★ ★ ★ ★ ★ No ratings yet [Creation](https://sms4smile.com/quotes/about/creation/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [Possibility](https://sms4smile.com/quotes/about/possibility/) [School](https://sms4smile.com/quotes/about/school/) [Wealth](https://sms4smile.com/quotes/about/wealth/) [World](https://sms4smile.com/quotes/about/world/) [World history](https://sms4smile.com/quotes/about/world-history/) [Young people](https://sms4smile.com/quotes/about/young-people/) ## Related quotes > [Silicon Valley, "the largest legal creation of wealth in history," was built largely by unprofessional amateurs using math, sand, and the institutions of freedom.…](https://sms4smile.com/quotes/michael-strong/silicon-valley-the-largest-legal-creation-of-wealth-in-history-was/) [Michael Strong](https://sms4smile.com/quotes/author/michael-strong/) > [I've often said that far more sensible than a 'make poverty history' campaign would be a 'make wealth history' campaign. It is, after all,…](https://sms4smile.com/quotes/tom-hodgkinson/i-ve-often-said-that-far-more-sensible-than-a-make-poverty-history/) [Tom Hodgkinson](https://sms4smile.com/quotes/author/tom-hodgkinson/) > [I've got wealth and fame but I haven't changed my roots.](https://sms4smile.com/quotes/craig-charles/i-ve-got-wealth-and-fame-but-i-haven-t-changed-my-roots/) [Craig Charles](https://sms4smile.com/quotes/author/craig-charles/) > [With the attention I got on my wealth, I thought I would have become a source of resentment, but it is just the other…](https://sms4smile.com/quotes/azim-premji/with-the-attention-i-got-on-my-wealth-i-thought-i-would-have-become-a/) [Azim Premji](https://sms4smile.com/quotes/author/azim-premji/) > ['I've got children', 'I've got wealth.' This is the way a fool brings suffering on himself. He does not even own himself, so how…](https://sms4smile.com/quotes/gautama-buddha/i-ve-got-children-i-ve-got-wealth-this-is-the-way-a-fool-brings/) [Gautama Buddha](https://sms4smile.com/quotes/author/gautama-buddha/) > [Put yourself in the shoes of one of these oligarchs who has been given a gift of $10 billion. Russia is in a deep…](https://sms4smile.com/quotes/joseph-stiglitz/put-yourself-in-the-shoes-of-one-of-these-oligarchs-who-has-been/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Lampis, the sea commander, being asked how he got his wealth, answered, "My greatest estate I gained easily enough, but the smaller slowly and…](https://sms4smile.com/quotes/plutarch/lampis-the-sea-commander-being-asked-how-he-got-his-wealth-answered/) [Plutarch](https://sms4smile.com/quotes/author/plutarch/) > [You know, throughout the world, throughout history, when countries get rich, they stop having kids.](https://sms4smile.com/quotes/todd-g-buchholz/you-know-throughout-the-world-throughout-history-when-countries-get/) [Todd G. Buchholz](https://sms4smile.com/quotes/author/todd-g-buchholz/) > [I am absolutely a free marketeer and I believe the creation of wealth is a good thing and anyone who doesn't really needs to…](https://sms4smile.com/quotes/stuart-rose/i-am-absolutely-a-free-marketeer-and-i-believe-the-creation-of-wealth/) [Stuart Rose](https://sms4smile.com/quotes/author/stuart-rose/) > [Capitalism is about the mutual creation of wealth rather than the pillaging of it.](https://sms4smile.com/quotes/ted-malloch/capitalism-is-about-the-mutual-creation-of-wealth-rather-than-the/) [Ted Malloch](https://sms4smile.com/quotes/author/ted-malloch/) > [“A fundamental insight of modern economics is that the key to the creation of wealth is a division of labor, in which specialists learn…](https://sms4smile.com/quotes/steven-pinker/a-fundamental-insight-of-modern-economics-is-that-the-key-to-the/) [Steven Pinker](https://sms4smile.com/quotes/author/steven-pinker/) > [“When we consider that resources will one day be mined from planets other than the earth, that matter and energy are totally interchangeable, and…](https://sms4smile.com/quotes/mary-j-ruwart/when-we-consider-that-resources-will-one-day-be-mined-from-planets/) [Mary J. Ruwart](https://sms4smile.com/quotes/author/mary-j-ruwart/) > [Fair tax does not mean we don't want to encourage wealth creation. Wealth creation is how we raise the money to pay for world…](https://sms4smile.com/quotes/johann-lamont/fair-tax-does-not-mean-we-don-t-want-to-encourage-wealth-creation/) [Johann Lamont](https://sms4smile.com/quotes/author/johann-lamont/) > [Many writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of…](https://sms4smile.com/quotes/leland-stanford/many-writers-upon-the-science-of-political-economy-have-declared-that/) [Leland Stanford](https://sms4smile.com/quotes/author/leland-stanford/) > [Nevertheless, the Tenth Commandment-'Thou shalt not covet'-recognizes that making money and owning things could become selfish activities. But it is not the creation of…](https://sms4smile.com/quotes/margaret-thatcher/nevertheless-the-tenth-commandment-thou-shalt-not-covet-recognizes/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) ## More by Charlie Munger > [Almost all good businesses engage in 'pain today, gain tomorrow' activities.](https://sms4smile.com/quotes/charlie-munger/almost-all-good-businesses-engage-in-pain-today-gain-tomorrow/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [If you want good behavior, don't pay on a commission basis. Our judges aren't paid so much a case. We keep them pretty well…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn't understand both is a damned…](https://sms4smile.com/quotes/charlie-munger/i-think-time-and-time-again-in-reality-psychological-notions-and/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and…](https://sms4smile.com/quotes/charlie-munger/i-have-what-i-call-an-iron-prescription-that-helps-me-keep-sane-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The tax code gives you an enormous advantage if you can find some things you can just sit with.](https://sms4smile.com/quotes/charlie-munger/the-tax-code-gives-you-an-enormous-advantage-if-you-can-find-some/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.…](https://sms4smile.com/quotes/charlie-munger/some-years-ago-one-oil-company-bought-a-fertilizer-company-and-every/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [ They \[Mc Donalds\] take people and give them a first job, which enables them to get a second job. They do a very good… ](https://sms4smile.com/quotes/charlie-munger/they-mc-donalds-take-people-and-give-them-a-first-job-which-enables/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [What good is envy? It’s the one sin you can’t have any fun at.](https://sms4smile.com/quotes/charlie-munger/what-good-is-envy-it-s-the-one-sin-you-can-t-have-any-fun-at/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling…](https://sms4smile.com/quotes/charlie-munger/it-is-way-less-certain-to-be-a-wonderful-business-in-the-future-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a…](https://sms4smile.com/quotes/charlie-munger/we-have-to-have-a-special-insight-or-we-ll-put-it-in-the-too-tough/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up…](https://sms4smile.com/quotes/charlie-munger/i-ve-heard-that-one-half-of-the-students-at-elite-schools-want-to-go/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Explore all 544 Charlie Munger quotes ](https://sms4smile.com/quotes/author/charlie-munger/) ## More Creation quotes > [“am not suggesting that successes in academics, athletics, or vocation somehow stand outside God’s good plan. Learning and play are joys that God himself…](https://sms4smile.com/quotes/timothy-paul-jones/am-not-suggesting-that-successes-in-academics-athletics-or-vocation/) [Timothy Paul Jones](https://sms4smile.com/quotes/author/timothy-paul-jones/) > [The capacity to be puzzled is the premise of all creation, be it in art or in science.](https://sms4smile.com/quotes/erich-fromm/the-capacity-to-be-puzzled-is-the-premise-of-all-creation-be-it-in/) [Erich Fromm](https://sms4smile.com/quotes/author/erich-fromm/) > [Let me tell you that atheism has never painted a masterpiece. Atheism has never dispelled fear. Atheism has never healed a disease; faith in…](https://sms4smile.com/quotes/john-hagee/let-me-tell-you-that-atheism-has-never-painted-a-masterpiece-atheism/) [John Hagee](https://sms4smile.com/quotes/author/john-hagee/) > [Perhaps no order of mammals presents us with so extraordinary a series of gradations as this \[step by step, from humans to apes to…](https://sms4smile.com/quotes/thomas-huxley/perhaps-no-order-of-mammals-presents-us-with-so-extraordinary-a/) [Thomas Huxley](https://sms4smile.com/quotes/author/thomas-huxley/) > [Like many other scientists who hold the Catholic faith, I see the Creator's plan and purpose fulfilled in our universe. I see a planet…](https://sms4smile.com/quotes/kenneth-r-miller/like-many-other-scientists-who-hold-the-catholic-faith-i-see-the/) [Kenneth R. Miller](https://sms4smile.com/quotes/author/kenneth-r-miller/) > [And wheresoever, in his rich creation, Sweet music breathes--in wave, or bird, or soul-- 'Tis but the faint and far reverberation Of that great…](https://sms4smile.com/quotes/frances-sargent-osgood/and-wheresoever-in-his-rich-creation-sweet-music-breathes-in-wave-or/) [Frances Sargent Osgood](https://sms4smile.com/quotes/author/frances-sargent-osgood/) > [I believe if there is a creator it will basically ask me two questions, how well did you enjoy my creation and what did…](https://sms4smile.com/quotes/stanley-victor-paskavich/i-believe-if-there-is-a-creator-it-will-basically-ask-me-two/) [Stanley Victor Paskavich](https://sms4smile.com/quotes/author/stanley-victor-paskavich/) > [With no other choices open to us, we'd turned our gaze seaward. The oceans were our America: they reached farther than any prairie, untamed…](https://sms4smile.com/quotes/carsten-jensen/with-no-other-choices-open-to-us-we-d-turned-our-gaze-seaward-the/) [Carsten Jensen](https://sms4smile.com/quotes/author/carsten-jensen/) > [In the quiet moments of your day, what do you think and do? When you are with your Self and no one else, how…](https://sms4smile.com/quotes/neale-donald-walsch/in-the-quiet-moments-of-your-day-what-do-you-think-and-do-when-you/) [Neale Donald Walsch](https://sms4smile.com/quotes/author/neale-donald-walsch/) > [The creation lives as genesis beneath the visible surface of the work. All intelligent people see this after the fact, but only the creative…](https://sms4smile.com/quotes/paul-klee/the-creation-lives-as-genesis-beneath-the-visible-surface-of-the-work/) [Paul Klee](https://sms4smile.com/quotes/author/paul-klee/) > [When I was in my teens I had a series of intensely religious experiences. They deepened my sense of God as the creator of…](https://sms4smile.com/quotes/andrew-linzey/when-i-was-in-my-teens-i-had-a-series-of-intensely-religious/) [Andrew Linzey](https://sms4smile.com/quotes/author/andrew-linzey/) > [If you are trying to live a life in accordance with the Bible, the concept and call to justice are inescapable. We do justice…](https://sms4smile.com/quotes/timothy-keller/if-you-are-trying-to-live-a-life-in-accordance-with-the-bible-the/) [Timothy Keller](https://sms4smile.com/quotes/author/timothy-keller/) > [I think that storytelling and creation are very close to what the center of what magic is about. I think not just for me,…](https://sms4smile.com/quotes/alan-moore/i-think-that-storytelling-and-creation-are-very-close-to-what-the/) [Alan Moore](https://sms4smile.com/quotes/author/alan-moore/) > [To be part of the creation, I must act humbly. I'll take that over a goddess any day!](https://sms4smile.com/quotes/maureen-o-hara/to-be-part-of-the-creation-i-must-act-humbly-i-ll-take-that-over-a/) [Maureen O'Hara](https://sms4smile.com/quotes/author/maureen-o-hara/) > [The country of Iraq is somewhat of an artificial creation going back to colonial days. And so you have the Kurds and then the…](https://sms4smile.com/quotes/james-clapper/the-country-of-iraq-is-somewhat-of-an-artificial-creation-going-back/) [James Clapper](https://sms4smile.com/quotes/author/james-clapper/) [Browse all 5,225 Creation quotes ](https://sms4smile.com/quotes/about/creation/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is full of young people who really want to get rich, and when I left school nobody thought it was a reasonable possibility.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/charlie-munger/we-ve-had-the-most-massive-creation-of-wealth-for-people-a-lot/", "about": { "@type": "Thing", "name": "Creation" }, "@id": "https://sms4smile.com/quotes/charlie-munger/we-ve-had-the-most-massive-creation-of-wealth-for-people-a-lot/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg", "url": "https://sms4smile.com/quotes/i/a7e/charlie-munger-458_creation_we-ve-had-the-most-massive-creation-of-w_717091.jpg", "width": 1080, "height": 1080, "caption": "“We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in…” — Charlie Munger", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Charlie Munger", "item": "https://sms4smile.com/quotes/author/charlie-munger/" }, { "@type": "ListItem", "position": 4, "name": "We've had the most massive creation...", "item": "https://sms4smile.com/quotes/charlie-munger/we-ve-had-the-most-massive-creation-of-wealth-for-people-a-lot/" } ], "@id": "https://sms4smile.com/quotes/charlie-munger/we-ve-had-the-most-massive-creation-of-wealth-for-people-a-lot/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```