01/22/2014 10:16 am ET Updated Jan 25, 2014

Muhammad Yunus: 'Money Is Not Success'

This week at Davos, the Nobel Peace Prize winner Muhammad Yunus opened up about what success means to him -- and how we so often get success wrong.

For the Bangladeshi social entrepreneur and economist -- who has spoken frequently about the need to look beyond profit as the sole measure of achievement -- success is not so much about money and power as it is about following through with your goals and intentions.

"Success means what you intended to do, you did it," Yunus told HuffPost Live host Ahmed Shihab-Eldin.

But Yunus, who has worked tirelessly to eradicate poverty, noted that many tend to conflate success with money, which could be hurting their health and happiness -- and which may not support global sustainability.

"Money is not the success," Yunus said. "Today the entire idea of success is translated into the volume of money you make. That's the wrong way... We have to write new textbooks, because the conceptual framework has to be redesigned."

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