"A good name is rather to be chosen than great riches."
This quote means that having people know your name and think great things is better having a lot of money. When people hear your name and think about all you have done it is best when they can think of positive things than negative. When thinking positive they can think of how kind and generous you are. When thinking negative they can think of how mean and selfish you are. It is up to you how you would like your name to be projected.
There are many examples of how having a good name is better than having a lot of money. For example, you can have all the money in the world but never be happy due to your bad name. Or you can be the poorest of the poor but always be happy due to your good name. Like I stated before it based on you whether you will have a good or bad name. This is basically what this quoteis trying to say.
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