How To Get Filthy Rich In Rising Asia - by Mohsin Hamid

Yes, the pursuit of love and the pursuit of wealth have much in common. Both have the potential to inspire, motivate, uplift, and kill. But whereas achieving a massive bank balance demonstrably attracts fine physical specimens desperate to give their love in exchange, achieving love tends to do the opposite. It dampens the fire in the steam furnace of ambition, robbing of essential propulsion an already fraught upriver journey to the heart of financial success.

Where moneymaking is concerned, nothing compresses the time frame needed to leap from my-shit-just-sits-there-until-it-rains poverty to which-of-my-toilets-shall-I-use affluence like an apprenticeship with someone who already has the angles all figured out.

Becoming filthy rich requires a degree of unsqueamishness, whether in rising Asia or anywhere else. For wealth comes from capital, and capital comes from labor, and labor comes from equilibrium, from calories in chasing calories out, an inherent, in-built leanness, the leanness of biological machines that must be bent to your will with some force if you are to loosen your own financial belt and, sighingly, expand.

Entrepreneurship in the barbaric wastes furthest from state power is a fraught endeavor, a constant battle, a case of kill or be killed, with little guarantee of success. No, harnessing the state's might for personal gain is a much more sensible approach. Two related categories of actor have long understood this. Bureaucrats, who wear state uniforms while secretly backing their private interests. And bankers, who wear private uniforms while secretly being backed by the state.

With borrowed funds, a business can invest, gain leverage, and leverage is a pair of wings. Leverage is flight. Leverage is a way for small to be big and big to be huge, a glorious abstraction, the promise of tomorrow today, yes, a liberation from time, the resounding triumph of human will over dreary, chronology-shackled physical reality. To leverage is to be immortal.

Of late, you have had the impression of merely going through the motions of your life, of rising, shaving, bathing, dressing, coming in to work, attending meetings, taking phone calls, returning home, eating, shitting, lying in bed, all out of habit, for no real purpose, like the functioning of some legacy water meter, cut off from the billing system, whose measurements swirl by unrecorded.