Understandably by Bill Murphy Jr.

Understandably by Bill Murphy Jr.

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Understandably by Bill Murphy Jr.
Understandably by Bill Murphy Jr.
Royal pain in the ...

Royal pain in the ...

'Financially independent,' they said. Wouldn't we all like that? Plus 7 other things worth a click.

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Bill Murphy Jr.
Jan 09, 2020
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Understandably by Bill Murphy Jr.
Understandably by Bill Murphy Jr.
Royal pain in the ...
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Take your pick: Would you rather be rich or be king (or queen)?

I wrote a book about Harvard Business School. In the process, I got to know an HBS professor named Noam Wasserman.

His most famous work at the time (he's since moved on) had to do with exactly that question: Rich or king?

Meaning, if you’re an entrepreneur, is control most important?

Or would you be willing to cede control, and accept that others might do better than you in some areas, with the potential for a more successful outcome?

Tough question. Gosh, I wonder what real-life royalty might be making news this morning and making me think of all this.

Ah yes, right, Prince Harry and Meghan Markle.

There were two stunning announcements out of the Royal Family Tuesday:

First, from Harry and Meghan:

"We intend to step back as ‘senior’ members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen."

Pull up stakes, move to Canada, start a business, forgo the elevent…

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