(2012-06-04) Ellsberg Vs Passive Income

Michael Ellsberg challenges the Passive Income mentality. As soon as your customers realize that you don’t care about them (which you don’t, if you’re trying to get away from them as fast as possible), they will eventually go elsewhere, to someone else who actually does care about them and their needs... None of these people I’ve talked to who have this temporarily successful lifestyle seem very happy (Authentic Happiness). They actually seem kind of restless and lost... I’ve spent the last year interviewing millionaire and billionaire entrepreneurs for my forthcoming book The Education Of Millionaires. All of them could, theoretically, step away from the businesses they’ve created. Yet, they’re so passionate about their businesses and the value they’re creating in the world, they mostly choose not to.