James Altucher Quotes


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One of his major ideas is that the masses of the industrial monopoly have a great deal of power and can make or break institutions. However, those who see the people as not very empowered distinguish between two types of power. The wealthy capitalist, the politician, the dictator, can exercise power individually and have a profound effect on the society. The average person however has little or no power to alter society individually; he can only exercise his power together with many others. Most of us think of “powerful people” as those who can exercise their power unilaterally. Mises observes that the masses, acting in concert, can overpower the unilateral powers, and therefore regards the people as the dominant power.


James Altucher
James Altucher
  • Born: January 22, 1968
  • Nationality: American
  • Profession: Author, Hedge Fund Manager

James Altucher is an American hedge-fund manager, author, podcaster and entrepreneur who has founded or cofounded over 20 companies. He has published 20 books and he is a contributor to publications including The Financial Times, The Wall Street Journal, TechCrunch, and The Huffington Post.