Better Quote by Michael Mandelbaum
“The windfall of great riches can, if mismanaged, make things worse, not better, for the recipients.”
About This Quote
Source Speech: Economic policy conference, 2015
Great wealth can cause harm if not managed wisely, worsening recipients' situations.
In simple terms: Riches can backfire without good management.
Manage wealth responsibly to avoid harm.
Themes
Mood
Type
When to use this quote
- inheritance
- lottery winnings
- corporate windfalls
- philanthropy
Key Concepts
Questions to Reflect On
- What safeguards prevent wealth misuse?
- How can wealth be directed for collective benefit?
Wealth alone does not guarantee well‑being.