Aristotle is rumoured to have said that; "It is easy for philosophers to be rich if they choose, but this is not what they care about." He apparently said this after seeing Thales of Miletus turn his fortunes around after living in poverty and being taunted with the uselessness of philosophy."

He is reported have made a good fortune by entering into one of the earliest option transactions on "olive presses" in Miletus and Chios, leveraging on his ability to forecast a good harvest.

The question is do you agree that philosophers and academics can be rich if they choose to, but this is not what they care about.

NB: The story was sourced from: Desai, M (2017) The Wisdom of Finance: Discovering Humanity in the World of Risk and Return, London, Profile Books.

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