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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.” quote by Peter L. Bernstein
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““[The] utility resulting from any small increase in wealth will be inversely proportionate to the quantity of goods previously possessed.””

Peter L. Bernstein

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.

Key Takeaway

Focus on non‑material fulfillment.

Themes

wealth utility diminishing returns

Mood

analytical thoughtful

Type

economic philosophical

When to use this quote

  • budgeting
  • investment decisions
  • charitable giving
  • career advancement

Key Concepts

economics psychology of happiness

Questions to Reflect On

  • How does extra money affect your satisfaction?
  • When does wealth stop adding value?
A Different Perspective

Assumes rational utility, ignoring personal values.

4.7 out of 5 (10 ratings)

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