The American Dream of Warren Buffett

The “American Dream,” according to Truslow Adams, is “being able to grow to the fullest development as man and woman.” This ideal is not based on fame or wealth, but on enough to sustain a family and live comfortably, with a steadily rising income and a decent home. It is to be believed that hard work along with the “great equalizer”, education, allows individuals the freedom to determine their own life path, regardless of their background. The idea of the American dream ensures upward social mobility for those dedicated enough to achieve this lifestyle. In spite of that, recent arguments have said that this dream is either dying, or already dead. In his book “Dream Hoarders,” Richard Reeves counters that the American Dream is in fact alive and well, but simply being hoarded by the upper middles class.

     One of the aspects of the American Dream is the pursuit of wealth by means of hard work and determination. In his book,

The American Dream has held a special place in the hearts of patriots since the very founding of America in 1776. It has been a subject of many authors who grapple with its attainability, and is a beacon of hope gazed upon by victims of circumstance. The Dream has been interpreted by great minds in various ways, and has been deemed both an evil deception and a great promise of a better life. However, the American Dream has morphed from this promise of opportunities and second chances--in fact, it has become viewed as a cause for societal competition and the reason for decreasing happiness among the American people. As Americans attempt to “achieve their goals,” and “keep up with the Joneses,” they subject themselves to the materialistic cycle of greed. Success, and the goal of the American Dream, has been redefined. To be put simply, the American Dream is now to be richer than one’s neighbor, despite the fact that happiness--and thus, the Dream--cannot be achieved solely through wealth and material goods.

The American Dream is the idea that financial success, upward social mobility, and overall prosperity can be achieved with perseverance and hard work. It’s the idea that anyone, even the very poor, can make a better life for themselves if they are willing to work for it. It’s an idea that has become integral to American society, encouraging us to put in an effort to see our dreams come to fruition. However, when it comes down to individual experiences, it turns out that accomplishing the traditionally agreed-upon American Dream gets a lot messier than it’s made out to be. Using the books Nickel and Dimed and The Color of Water, as well as the movie Enron- The Smartest Guys in the Room, both similarities and differences can be found when it comes to what achieving the American Dream really means.

Comedian George Carlin once stated, “That’s why they call it the American Dream, because you have to be asleep to believe it.” Financial security, freedom to live how one chooses, retiring at 65 and living comfortably in old age, owning a home, knowing that working hard pays off: these are all fundamental beliefs tied to the American Dream. As newer generations are increasingly finding the dream to be unrealistic, people are beginning to abandon the concept; however it is still a very present ideology. While many believe the American Dream is a lively goal that everyone strives to achieve, it is actually a dying illusion that is unattainable for all but the wealthiest and used to propagate a classist society, causing a cycle of ignorance

Although modern society may be heavily motivated by avarice now, it hasn’t always been this way. The term “American Dream” came into existence in the 1920s when ideas were similar to the ones we have now. As shown several times in the novel, The Great Gatsby, written by F. Scott Fitzgerald, the American Dream was the want for materialistic things. The greed during this time period led to the stock market crash and

To begin the analysis of whether or not the American Dream remains the pride behind every American, one must understand the simple, yet complex two-word phrase. This general phrase links to multiple visions and interpretations. In other words, this phrase has a different core meaning for each individual based on their wants in life. King claims that he would redefine the American Dream “as the potential to work for an honest, secure way of life and save for the future” (611). The speaker is stating that in order to achieve the American Dream one must work genuinely hard for a secure life and money that can be saved for future use. I consider this to be a fair definition; however, what about the idea that one must have money in order to make money? In

The American Dream was founded on the opportunity for a new life. To start with nothing, to follow your dreams, pursue your goals, and become wealthy by making those things happen no matter what the cost. Since the founding of America there have been may people that have been able to say they were able to pursue and completed the American Dream. Some of the most iconic and notorious people that have arguably done so are John D. Rockefeller and Andrew Carnegie. Both men have a similar story of how they started with little and then were able to turn what they had into prosperity. With their explanations of the distribution of wealth in society, John D. Rockefeller and Andrew Carnegie explain how they achieved the American Dream of becoming wealthy

The American Dream: Is is fact or fiction? In the United States’ Declaration of Independence, our founding fathers set forth the idea of an American Dream by providing us with the recognizable phrase “Life, Liberty, and the Pursuit of Happiness”. The green light at the end of Daisy Buchanan’s dock symbolizes Jay Gatsby’s “Pursuit of Happiness” in the novel, The Great Gatsby, set in the 1920s on Long Island, New York. The American Dream can be defined as “the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone. The American Dream is achieved through sacrifice, risk-taking, and hard work, not by chance” (Fontinelle, Amy). At the birth of our country in 1776, our founding fathers introduced the American Dream as a personal desire to pursue happiness; however, the pursuit of happiness was not intended to promote self-indulgence, rather to act as a catalyst to encourage an entrepreneurial spirit. As our country has changed, the idea of the American Dream, in some cases, has evolved into the pursuit of one’s own indulgences such as material gain regardless of the consequences.

The American dream can be defined as the promise of living in America with opportunities for all, regardless of social class, and according to their ability and effort (Schnell, 2010). Proponents of the American dream believe that there is equal opportunity for all in the American society to achieve success. Success is not pegged on social status, race, or creed, but rather on an individual’s own efforts. The definition of the American dream has unique interpretations to different people. The most common meaning is that of a life of abundance and prosperity, characterized by economic rewards that enable one to live a middle class life of comfort. Here, success is measured by material possessions such as beautiful homes, cars, a high

The American Dream: Is is fact or fiction? In the United States’ Declaration of Independence, our founding fathers set forth the idea of an American Dream by providing us with the recognizable phrase “Life, Liberty, and the Pursuit of Happiness”. The green light at the end of Daisy Buchanan’s dock symbolizes Jay Gatsby’s “Pursuit of Happiness” in the novel, The Great Gatsby, set in the 1920s on Long Island, New York. The American Dream can be defined as “the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone. The American Dream is achieved through sacrifice, risk-taking, and hard work, not by chance” (Fontinelle, Amy). At the birth of our country in 1776, our founding fathers introduced the American Dream as a personal desire to pursue happiness; however, the pursuit of happiness was not intended to promote self-indulgence, rather to act as a catalyst to encourage an entrepreneurial spirit. As our country has changed, the idea of the American Dream, in some cases, has evolved into the pursuit of one’s own indulgences such as material gain regardless of the consequences.

As time has went on the meaning of the American Dream has altered. When Adams trademarked the term the American Dream, the idea of it was for people to become “better and richer and fuller,” (Adams 412), but now as 20th century inventions have been introduced to society the dream has changed. People want what others have and what is portrayed as glamorous and prestigious. A prime example is Gary Soto’s recollection of his childhood obsession with wanting to be like the families he saw on the television saying, “I very much wanted to imitate [the families from Leave It to Beaver and Father

Founding father Benjamin Franklin described the American dream as the “pursuit of a better existence… a higher quality of life through hard work, determination, and devotion” (Benjamin Franklin). The American dream is an idea that if you work hard, you can rise from “rags to riches” and live a wealthy and prosperous life with moral values of respect and integrity. Ironically, Franklin’s version of the dream was decaying during the roaring 1920s when society became corrupt and obsessed with greed. In his classic book, The Great Gatsby, Fitzgerald shows how the American dream of “hard work, determination, and devotion” was deteriorating because society had become greedy and materialistic. In addition, moral values were in decline and that

Should the American Dream be solely about monetary gain? The ability to live out life to the fullest, and enjoy the small moments as best one can, is surely one greater! To stare at adversity and choose to make lemonade (or cocoa,) from life’s lemons, is the true dream. A poor man on the sidewalk can enjoy the clean warmth of freshly washed clothes (Hongo). The cocoa drinker can have a meeting of the minds with a well-placed draft (Updike). Both men swiftly find the sorrow in life’s end. Both men know the fickle nature of existence, yet still smile.

The American Dream is one of the most sought-after things in the United States, even though it is rarely, if ever, achieved. According to historian Matthew Warshauer, the vision of the American Dream has changed dramatically over time. In his 2003 essay “Who Wants to Be a Millionaire: Changing Conceptions of the American Dream”, Warshauer claims that the American Dream had gone from becoming wealthy by working hard and earning money, to getting rich quickly and easily. He attributes this change to television game shows, state lotteries, and compensation lawsuits. He also argues that most Americans are more concerned with easy money than hard-earned money, and that Americans care mostly about material goods such as consumer products, big