The Daily Stoic Can a Billionaire Be a Stoic? | Robert Rosenkranz (PT. 1)
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May 7, 2025 
Self-made billionaire Robert Rosenkranz shares insights on how Stoicism has influenced his approach to wealth and ambition. He explores the tension between immense wealth and Stoic teachings on virtue, emphasizing the importance of critical thinking and independent thought in investing. Additionally, Robert discusses how personal experiences shape resilience and decision-making, highlighting the journey from wealth as a goal to wealth as a means for enrichment. His unique perspective provides a refreshing take on balancing ambition with philosophical wisdom.
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Ancient Stoic Wealth Debate
- The debate about wealth and Stoicism dates back to ancient philosophers like Diogenes and Plato.
- Even then, rejecting wealth was seen as a form of vanity, revealing deep complexities in the philosophy.
Risking All to Start Up
- Robert Rosenkranz put all his liquid net worth at risk to start his firm, aiming for a 50% profit share.
- He rationalized the risk by realistically imagining the worst-case scenario, thus overcoming fear.
Use Intuition Through Critical Thought
- Develop intuition by habitual critical thinking and questioning consensus beliefs.
- Intuition helps identify opportunities others might overlook.
