Luke’s Paradise Syndrome
Luke Johnson has an interesting piece in the telegraph today titled ‘What’s Paradise for a plutocrat?’, in the article he details the different ways by which people (wealthy individuals) employ to enrich their happiness.
I’m told there is a disease called Paradise Syndrome. The symptoms consist of a feeling of dissatisfaction - despite the patient having achieved all their dreams. Presumably those suffering from this terrible complaint think they cannot find any new challenges. They have ascended Maslow’s Hierarchy of Human Needs but there are no more mountains to conquer. For some, it seems, even paradise is not enough.
One of the few concepts I was able to pick up in my management class last year was Maslow’s Hierarchy of Human Needs. Abraham Maslow carried out his investigations into human behavior between 1939 and 1943 and put forward ‘Hierarchy of Human Needs’ which in simple terms means that as the basic needs of humans are met humans desire higher needs.
He reviews all the different ways from donations to Political Parties (thereby receiving honour) to owning a football club as well as giving it all to your children.
Football clubs: Extravagant playthings that mostly deliver misery to their owners. I did business with one fellow who told me that buying a club was the worst mistake he had ever made - even more painful than two failed marriages.
There you have it. Never invest in a football, no matter how tempting it is. (not even Manchester United - maybe Arsenal.)
Giving it to relatives: Spoiling children rarely improves their character. And deadbeats who hang around waiting for an inheritance are not very admirable.
Well depends on how you want to look at it. I guess he is right, it is probably better to give it all away to a good cause because most other so-called pleasures will surely bring disappointment.
Tags: Investments, Luke's Paradise Syndrome, football
Comments (10)
hey man, what’s up? how the wives and kids? i believe we can invest in a football *club*, can’t we? just tripping. have fun man.
k i know this is kinna deviating from the topic but its still on the football subj! ha ha to the Arsenal fans out there! Man U whopped ur ass- yeah i know it aint major but HA!
phew, i feel better evn tho i dont support any!
I don’t understand why you continue to hate Arsenal fans, I mean I am still an Arsenal fan anyday. Thick and Thin.
that should have said THROUGH thick and thin! I can see even fans doubt their team!! Have u switched courses to computer science? or r we still aiming for shell?
neva mind. arsenal’s gonna start another new streak. neways, i still think its awesome to own a sports franchise, i mean, in a way it guaranteed money u know.
It is cool to own a sport franchise because you can but guaranteed money - not too sure on that one. I mean after Man U, Aresenal and Chelsea - life is not exaclty for any football clubs in the UK.
Investing in Football stocks is probably one of the poorest investment decision one can ever made in their life time (apart from enron type companies), I believe such stocks are strictly for the fans.
finally, we get a response! seriously, though he wasn’t saying anything new. i mean, over 2800 years ago, the world’s (then) wisest man gave the same complaint. it’s probably better to know why you want to get wealthy *before* you actually do so, so you won’t lose focus of the big piccy.
Amaka, I missed that comment on computer science bit or aiming to shell, was it ever either?
Phoenix, Most people think they know why they want to be wealthy, - so that sky is the limit.
‘think’ being the operative word there. to quote G.B Shaw, “Most people would rather die than think - in fact, they do!”
[…] Never invest in football teams […]
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