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The Economic Times
The Economic Times
Himanshi Singh

Wealth wisdom of the day: ‘It takes great deal of boldness and caution to make a great fortune; and when you have got it...’ – Nathan Mayer Rothschild’s famous quote hides a big learning

It is a no-brainer that creating wealth is not a cakewalk. Making a fortune takes immense effort, knowledge, and more importantly, patience. But once you have it, there could be nothing like it; it opens the door to all that you once dreamt of—a big car, a bigger house, foreign trips, and whatnot. But then the really challenging part comes: how to maintain it and grow it even further.

And this is something that well-known 19th-century financier Nathan Mayer Rothschild believed, too. He split the process of amassing wealth into two stages: accumulation and preservation. Nathan is remembered as the founder of the Rothschild banking empire’s London branch and for playing a crucial role in international finance, along with funding Wellington’s troops against Napoleon.

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