Here's an interesting letter son. You know AYn rand and have been reading her books regularly. Interestingly, just yesterday I had a long conversation with one of my girls at work. She's Russian and she brought some fascinating perspectives on how a person raised in an ex communist country sees objectivism. She's all for it. But I got the impression that it's a bit too tilted to individuality.
Second point. Lending. It's an interesting social behaviour son. Do you know that my record on lending is absolutely disgusting? Ive never managed to get any money back which I've lent. Ever. Curious eh? I'm supposed to be a banker and review lending and all that but I'm pathetic. I don't regret the lending. Or even the non return of the money. But I do regret that the relationship I had with the people who borrowed from me suffered. Always. So all I can advice is that never lend any money. Help them in non monetary ways. That's better. Another truism is that son, gratitude is the shortest lived human emotion. So what do you do?
You don't expect anything son. No expectations, no complaints, no explanations. As much as you can. You'll be happy. I've donated or given money to many people. And that makes me happier than lending. I value the relationship more than lending.
But as you can see, I tend to disagree with Ayn rand here.
Here's What Would Happen If You Asked Ayn Rand To Loan You Money
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In 1949, a 17-year-old girl named Connie Papurt wanted to buy a dress but needed $25. So she did what a lot of young women in her situation would do: asked a relative if she could borrow the money. The relative? Her aunt, author and economic philosopher Ayn Rand.
Papurt is the daughter of Agnes Papurt, sister of Rand’s husband, Frank O’Connor. The Toast spotted this letter from Rand to her niece in the book Letters of Ayn Rand, and has shared it for our reading pleasure. Naturally, Rand couldn’t resist answer a request for a loan with a dissertation on fiscal responsibility. While there is some sensible stuff in here (and hey, at least she admits that Connie doesn’t have to agree with her personal philosophy), most communications with teenage girls don’t turn into a miniature version of Atlas Shrugged, paired with threats of viewing them as embezzlers. I suppose, though, young Connie knew — or at least should have known — what she was in for when she made the request:
May 22, 1949
You are very young, so I don’t know whether you realize the seriousness of your action in writing to me for money. Since I don’t know you at all, I am going to put you to a test.
If you really want to borrow $25 from me, I will take a chance on finding out what kind of person you are. You want to borrow the money until your graduation. I will do better than that. I will make it easier for you to repay the debt, but on condition that you understand and accept it as a strict and serious business deal. Before you borrow it, I want you to think it over very carefully.