Money Quote by Peter L. Bernstein
““[The] utility resulting from any small increase in wealth will be inversely proportionate to the quantity of goods previously possessed.””
About This Quote
Source Book: Against the Gods, Peter L. Bernstein, 1998
Additional wealth yields diminishing satisfaction when basic needs are already met.
In simple terms: More wealth gives less extra happiness after a point.
Focus on non‑material fulfillment.
Themes
Mood
Type
When to use this quote
- budgeting
- investment decisions
- charitable giving
- career advancement
Key Concepts
Questions to Reflect On
- How does extra money affect your satisfaction?
- When does wealth stop adding value?
Assumes rational utility, ignoring personal values.