Nas on Millionaire

“The first bias [in The Millionaire Next Door] comes from the fact that the rich people selected... are among the lucky monkeys... [T]hey saw only the winners. They make no mention of the "accumulators" who have accumulated the wrong things... There is a way to take care of the bias: Lower the wealth of your average millionaire by, say, 50%... the bias causes the average net worth to be higher by such... in adding the effect of the losers into the pot...”

“The Millionaire Next Door... examined... currently wealthy people and found out that these are unlikely to lead lavish lives. They... the accumulators... postpone consumption ...[I]t ...costs money to look and behave rich, not to count the time demands of spending money. The moral of the book... the wealthiest are to be found among those less suspected... [T]hose who act and look wealthy subject their net worth to such a drain that they inflict considerable and irreversible damage...”