Note: This post was originally published in the Sept 2015 issue of Value Investing Almanack. To read more such posts and other deep thoughts on value investing, business analysis and behavioral finance, click here to subscribe to VIA.
In the controversial movie, The Social Network, which supposedly portrayed Mark Zuckerberg’s Facebook journey, Sean Parker’s character famously quipped –
“A million dollars isn’t cool. You know what’s cool? A billion dollars.”
It’s probably the most favourite problem that majority of the individuals in the world are trying to figure out i.e., how to get rich?
So let’s investigate this problem by using Charlie Munger’s most cherished mental model i.e., inverting the problems to solve them.
One of the ways to invert the question of “How to Get Rich?” is to ask, “Is getting rich worth it?”
Before you decide to skip this article thinking that it’s another one of those “money can’t buy happiness” rant, just stick with me for few more minutes and I promise that you won’t regret it.