A car drove by today with the words “wealth is just stuff” plastered all over it. There is nothing wrong with “stuff” but this claim is wrong. Wealth is mostly made of love.

Most wealth is business ownership, not iPhones, Porsche, and private jets. Rich people stay rich because they invest the majority of their wealth in companies rather than fritter it all away on material possessions. Most business value comes from the relationships and goodwill it generates, not “stuff.”

For example, why is Apple worth $500 billion?

If you sold all the land, buildings, and computers that are the property of Apple Inc, you will not get back 1% of Apple’s value. The “stuff” behind wealth isn’t worth much.

Apple is valuable because of the relationships that its employees have with each other.
Apple is valuable because its employers love their jobs and the company they work for.
Apple is valuable because its customers (like me!) love its products.

Without loving employees or loving customers, Apple would be worthless – just a pile of “stuff” on dirt lots.
Capitalism is (mostly) made from love.