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And they continue to diversify. Almost everything rich people touch makes money, but this current financial inferno has meant little for the bottom 50 percent of earners in the United States, who have 32 percent less wealth than they did in The 1 percent have, as of last decade, 85 percent of their net worth tied up in investments like stocks, bonds and private equity, where value has exploded.

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According to Redfin, the average sale price of properties in the top 5 percent are up 43 percent nationally over the past decade, and up even more in Los Angeles and San Francisco. Fine vintage watches, which have become a must-have for the young male money class, are exploding in value, with prices on certain five-figure models of Rolexes doubling in just a few years. Gold, once derided as a relic, is up 40 percent in the past few years. Some hit their number and some went bust, but Silicon Valley is more than ever a showcase for the unfettered capitalism of They derive transcendent meaning from capitalism.

Without their money, what else would they have?

Ferriss wrote. The things you neglected are no longer drowned out by noise; they are the signal. In a sense, it has been going on in this country for two and a half centuries. If you want to win, you need to be all in. In a widely cited study, rich people reported that they spend more time doing things they were required to do. The fact that there are more rich people who are, in fact, richer than ever may be part of the reason. Take Larry Ellison, the billionaire co-founder of Oracle. Frank said. Larry Ellison would never be happy until he was No.

Among the very rich, it does not matter that all imaginable material needs have been met, said Edward Wolff, a professor of economics at New York University who studies wealth and disparity. Wolff wrote in an email. This is only possible if they can stay ahead of the pack and out-contribute their peers. Social sampling leads the rich toward a blinkered view that society as a whole is more well-off than it is, feeding their unending need — particularly as wealth becomes geographically dense.

Six of those cities are in the United States. Living inside bubbles, the rich need greater excess just to feel the same high, said Steven Berglas, a psychologist, executive coach and author.

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Well, when you get a million dollars, you need 10 million dollars to feel like a king. Money is an addictive substance. Feeding the addiction becomes even more challenging in a top-heavy economy where the price tags of the status symbols keep adding zeros. You need a team. The Golden State Warriors, for example, sold in for an N. Even that is not enough.

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Now you have to build the biggest, flashiest arena. The Warriors owners recently put the finishing touches on a gleaming new waterfront arena in San Francisco called the Chase Center. Clustered courtside together at the sporting palaces, the celebrities, naturally, begin to envy the fortunes of the moguls near them. As a hedge fund veteran, precious metals adviser and financial author, James Rickards is a rich guy who talks to a lot of other rich guys. He believes that the current debt-fueled recovery may be a prelude for an economic collapse to dwarf the Great Recession.

Until recently, he said, such theories were met with polite lack of interest by many wealthy people. Lately, something has changed. Reis , C. Judd Eds. Barker , B.

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Do leaders matter? Batson , C. Lerner Eds. Hoboken, NJ : Wiley. Bergeron , D. Proactive personality at work: Seeing more to do and doing more?

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Journal of Business and Psychology , 29 1 , 71 — Blair , A. Prophets, priests and kings: Re-imagining ancient metaphors of diffused leadership for the twenty-first century organization. Journal of Management, Spirituality and Religion , 9 2 , — Blakely , G. The moderating effects of equity sensitivity on the relationship between organizational justice and organizational citizenship behaviors.

Journal of Business and Psychology , 20 2 , — Brewer , M. Social identity complexity and outgroup tolerance. Personality and Social Psychology Bulletin , 31 3 , — Byrne , C. Spirituality, religion, and emotional labor in the workplace. Journal of Management, Spirituality and Religion , 8 4 , — Chang , C. Perceptions of organizational politics and employee citizenship behaviors: Conscientiousness and self-monitoring as moderators. Journal of Business and Psychology , 27 4 , — Chreim , S. Social and temporal influences on interpretations of organizational identity and acquisition integration.

The Journal of Applied Behavioral Science , 43 4 , — Cialdini , R. Transgression and altruism: A case for hedonism. Journal of Personality and Social Psychology , 9 , — Cooper , W. The strong situation hypothesis. Personality and Social Psychology Review , 13 1 , 62 — Day , N. Religion in the workplace: Correlates and consequences of individual behavior. De Cremer , D. How do leaders promote cooperation? The effects of charisma and procedural fairness. Journal of Applied Psychology , 87 5 , — Dijksterhuis , A.

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Finkelstein , M. Predicting organizational citizenship behavior: Integrating the functional and role identity approaches. Social Behavior and Personality , 32 4 , — Galen , L.

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Does religious belief promote prosociality? A critical examination. Psychological Bulletin , 5 , — Gawronski , B. Journal of Experimental Social Psychology , 41 5 , — Geh , E. Spirituality at work in a changing world: Managerial and research implications. Journal of Management, Spirituality and Religion , 6 4 , — Ghitulescu , B.

Making change happen: The impact of work context on adaptive and proactive behaviors. The Journal of Applied Behavioral Science , 49 2 , — Greenwald , A. A unified theory of implicit attitudes, stereotypes, self-esteem, and self-concept. Psychological Review , 1 , 3 — Gomez , A. The other side of we: When outgroup members express common identity. Personality and Social Psychology Bulletin , 34 12 , — Graham , J. Beyond beliefs: Religions bind individuals into moral communities.

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