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"Herodotus tells us that Croesus was so rich that he had every guest take as much gold as he could carry, upon leaving."
According to this definition, how rich you would need to be in order to be as rich as Croesus would depend on how strong Croesus' guests were, and how strong your guests were.
We will assume for the sake of argument that your average guest, motivated by the intensity of human greed, would be able to leave carrying 75 pounds.
The price of gold currently stands at $887.00 per ounce
Therefore, in order to be as rich as Croesus, you would have to allow every guest to leave with $1,064,400.00.
We will assume that your average extremely rich person has 10 guests per week (being a low level misanthrope rather than an extremely rich person, this is an uninformed guess, since I rarely have guests and never let them leave with money).
At this rate of guests, in order to be as rich as Croesus you would need to part with $10,644,000 per week, or $553,488,000.00 per year.
In 2007, Ron Paulson made 3.7 billion dollars. Based on the above figures, allowing a paltry 700 million for living expenses, Ron Paulson is approximately 6 times richer than Croesus.
Unless he has a large number of very strong friends. Adjust figures accordingly.
I thought this post was interesting.
After this with great sacrifices he endeavoured to win the favour of the god at Delphi: for of all the animals that are fit for sacrifice he offered three thousand of each kind, and he heaped up couches overlaid with gold and overlaid with silver, and cups of gold, and robes of purple, and tunics, making of them a great pyre, and this he burnt up, hoping by these means the more to win over the god to the side of the Lydians: and he proclaimed to all the Lydians that every one of them should make sacrifice with that which each man had. And when he had finished the sacrifice, he melted down a vast quantity of gold, and of it he wrought half-plinths making them six palms in length and three in breadth, and in height one palm; and their number was one hundred and seventeen. Of these four were of pure gold weighing two talents and a half each, and others of gold alloyed with silver weighing two talents. And he caused to be made also an image of a lion of pure gold weighing ten talents; which lion, when the temple of Delphi was being burnt down, fell from off the half-plinths, for upon these it was set, and is placed now in the treasury of the Corinthians, weighing six talents and a half, for three talents and a half were melted away from it.
As time went on, when nearly all those dwelling on this side the river Halys had been subdued, (for except the Kilikians and Lykians Croesus subdued and kept under his rule all the nations, that is to say Lydians, Phrygians, Mysians, Mariandynoi, Chalybians, Paphlagonians, Thracians both Thynian and Bithynian, Carians, Ionians, Dorians, Aiolians, and Pamphylians)
Barry Larkin freaked out back in the day when the Reds traded Lenny Harris, but nobody really cared because he wasn't trying to provoke a reaction, he was just genuinely pissed off.
How does using the current value of gold make any sense?
Please buy the Indians.
Why don't the Indians get more criticism? Is it because management is seen as "progressive"? Is it because everyone in the industry likes Mark Shapiro and Chris Antonetti? Could you imagine if one of the old-school guys with a target on his back in the sabermetric community (Sabean?) had this kind of track record?
I've never quite understood the love for Shapiro, but I'm open to the fact that I'm missing something (like the fact that they were one game away from the World Series in 07, which is a fair counter). They seem to be one of the handful of completely irrelevant teams most years.
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