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Be wary of imitating high-status people who can afford to countersignal

robkhenderson.substack.com

481–490 of 651 posts

Re: Be wary of imitating high-status people who can afford to countersignal

#481

Earlier quoted context omitted.

It's also because working "hard" isn't enough. You have to put your effort where it matters. That is so often overlooked.

Working hard implies the labor theory of value, which is that all work is interchangeable. While that might have been closer to the truth during the first industrial revolution, the variability in the value of labor has never been higher than today. It's comforting to think that those that have achieved the best outcomes in life have simply sacrificed time spent on other things, and spent more time on work. There mig…

Luck plays a role. A significant one.

But so do you!

Here's an example from my own life:

In the late 80's, heading into the early 90's I was working in manufacturing. Paid poorly, but man! I love that work. Had a great time, worked with people who had real skills and built up a set of my own too.

Saw the outsource waves coming hard. They were big and they were going to gut manufacturing. We all talked about it.

Few of us really did anything about it. I was one of the ones who did.

I started networking. Got out there, started having lunches with people, attending various groups, all sorts of stuff.

Fast forward today: I'm running a startup with a partner doing work with metal additive technologies after a 25 year run in CAD / PLM. Back to manufacturing as an reshoring wave is headed our way. For many doing the work the pay is still not great, but more opportunities are out there now than there have been for a long time.

My peers from that time period are mostly doing the same work, for almost the same pay ( and if that doesn't speak to some troublesome economic policy, I do not know what does ), or are employed in other fields.

A few of us moved up and into another class basically.

Lucky? Hell yes!

But, had I not done the networking, I know absolutely I would not be in the position I am in today.

In a basic sense, this all works a bit like a lottery or raffle. Consider each interaction with others a ticket.

The game is going to reward X number of tickets. And Y tickets may be rewarded due to unplanned opportunity happening as a result of a group of people realizing something is an opportunity that they would not have realized apart or in a different context.

There are Z tickets total, let's say.

People who are active in this way, talking with others, helping others out, seeking help, and doing projects, whatever they can do, get a lot more tickets than most people do.

And because of that they seem more lucky because more of them find opportunity than the baseline people not so active do.

Now, I have one other thing to say and that is about the "do what you love and money will follow" many people say is really only applicable to well off people who are somehow enabled to do what they love because their basic needs are covered somehow, or put another way, they are just not needy which frees them up to explore what they love.

The truth is many of us can do what we love and money will follow, but it's hard work!!

What I did was work my job and put 20 percent of my free time into "hobbies" that were skill builders toward "what I love" and that activity coupled with the networking and helping others is what got me a lot of those raffle tickets to better opportunities!!

I spent a ton of time doing electronics and programming on my own. A lot of it was retro computer based because I love retro computing. That 8 bit era is so damn much fun! I still love it. But, I also used it as a vehicle to build skills I would need later on, and it all worked out. Working on bigger systems helped too. I didn't put all my time into 8 bitters. I had SGI unix systems purchased off ebay, a couple pretty good Linux machines assembled from parts I got many different ways. And I setup an electronics lab made of second hand gear, some things I made myself, and a few gifts from people or trades I got helping others out too.

When opportunity presented itself I knew enough to be able to go for it and knew enough people to get help too.

Don't get me wrong. I've been lucky. Others I know will own their own luck too. ( in comfortable conversation )

But, I also maximized my chances. The cost was a bit less free play time than my peers had, but really it was also time I really enjoyed because it was invested in things I love to do and that really interest me. Mostly, I didn't catch as many movies and as many parties. No joke!

But, I had many more interesting lunches meeting great people doing all sorts of stuff!!

I am nor sure that was a cost as much as it was just living differently.

To sum up:

Sometimes a person gets noticed, or a co-worker can lend a hand up. This happens sometimes, but not too often.

More often a person gets noticed when they are active among other people. This happens more often.

Getting noticed is "that person deserves an opportunity", or "I know a guy who can get this done", or, "Did you see her project? It lines right up...."

Helping others often results in those others wanting to help us in return! Not always, but pretty often.

Doing stuff results in skills, stories one can tell, reasons to talk with others, and a general increase in competency and capability.

All that type of activity is what does tend to very seriously increase one's chance of a "luck" event happening!

They are also what can very seriously improve one's ability to take advantage of a "luck" event, which is what I call an opportunity, generally speaking.

All of what I just said is what one can do when having means, available capital isn't on the table. Wasn't for me. I came from poverty.

And there is no shame in poverty. It sucks. Way too many of us are there and it's not OK. There is a policy discussion to have one day soon. And we should have already had that discussion. Like I said, we should have it one day soon.

The shame, if there is any at all, boils down to those of us able to help others out not doing it. And in like kind, those of us needing help, some opportunity, not doing things to increase our chances of seeing opportunity and being able to act on it in a meaningful way.

*Labor theory of value*

I think you are right about work not being interchangeable. It's not been that way in my experience. Some work is. Other work isn't, and people and their basic nature vary widely too.

This does imply just working hard isn't enough. I don't agree with that at all!

What you do matters. And "working hard" means doing more of the kinds of things needed to improve luck more of the time in my view.

Re: Be wary of imitating high-status people who can afford to countersignal

#482

Earlier quoted context omitted.

I think there's a bit of an idea now that you should be expressing yourself with your money, not expressing society's ideas. Around cars and watches, this creates a little bit of a "dead zone" for prestigious professionals. For example, if you aren't showing up in a $200k Maserati, your car had better be under $50k (maybe $70k with inflation). Only posers who aren't really into cars but want to show off their wealth…

> Clothing seems to be the same at many companies: you had better wear tailored suits and shirts or be less dressy than "business casual." There’s a running joke in my circle about the “dad professional class”. People who are older (40-60s) and go to the office in a remote-work-accepting world mostly because they seem to want to leave their family at home. They all dress like shit in ill-fitting clothes, but because…

If people like that dressed like you, you'd probably be laughing at them even harder and sending around the Steve Buscemi "how do you do, fellow kids?" meme in the group chat.

The problem is with you, I'm afraid.

Re: Be wary of imitating high-status people who can afford to countersignal

#483
post #382
post #133

Earlier quoted context omitted.

Technically a Rolex, however expensive, will always be much worse as a watch than a 20$ Casio. But recently there's another aspect to this: there are now watches that are technically (mechanically) identical to rolexes. Same design, same mechanics, virtually impossible to tell the difference when you tear it apart. Rolex has always been more about marketing (artificial scarcity, waiting list etc) than mechanics, but…

Somewhere I read that a Rolex has a very practical purpose - a real one is a commodity that can fairly easily be turned into cash or a bribe in an emergency, but as a watch, it's not susceptible to being seized by authorities in many circumstances where cash or gold might be. I don't know if this is true, but it makes a good story.

Along this vein, I've heard somewhere that pimps wear lots of jewelry because they can pawn it for bail money. Apparently cash can be seized on arrest, but jewelry is classified as some sort of personal property and thus won't be taken.

Re: Be wary of imitating high-status people who can afford to countersignal

#484

Earlier quoted context omitted.

A Seiko SKX (or a spiritual successor) with a regulated NH35 will fall into the same “100m water resistance, accurate to within 10 seconds per day” category as a Rolex for about a 10th of the price.

>...accurate to within 10 seconds per day That is hilarious to me. A quick search is showing one can expect a POS Casio to be +/- 15 seconds per month.

But then you don't get as many excuses to display your watch from needing to adjust the time

Re: Be wary of imitating high-status people who can afford to countersignal

#485

Earlier quoted context omitted.

> However a $70k car generally has a much better set of class leading accident avoidance & safety features than a $25k car which will generally be minimum legally required for compliance. That’s empirically false. Toyota and Subaru both make 25k cars with vastly better active driver assistance features than Tesla, as shown by every independent test that’s ever been done.

Yeah I’m not gonna put Tesla on a pedestal for class leading active driver assist by any measure lol. Subaru specifically punches above their weight in terms of safety per dollar and given their close relationship with Toyota I could see them being similar.

And to my point - the $25k Subaru with all the option stay be a historical memory or marketing fallacy.

If you open up the pricing tool on the cheapest Subaru wagon/SUV model, the Crosstek, and want all the active driver assist options, you quickly end up at the $30k top-tier "Limited" spec which is $31k after fees, and if you add any functional options/accessories (GPS nav, auto dim mirror, etc) is more like $35k.

Similarly their most famous model, the Outback may START at $28k, but if you want the trim with all the safety options, thats the $41k Touring. You can knock a few of the safety options off by going with the Limited for $36k (and add a few of the safety features on optionally to end up at $39k).

And I'm not even including markups, which dealers spent the last 2 years adding. Personally my mom spent 6 months hunting down a Subaru dealer who would sell her a car at sticker price after having her old one totaled in an accident. Then another 2 months waiting for it to arrive. This is probably over now, but again the $25k car is so rare as to almost be mythical.

Re: Be wary of imitating high-status people who can afford to countersignal

#486

Earlier quoted context omitted.

Yes I think my point is that they simply signal differently by for example regaling you about how they spent $5000 on custom designed esoteric tiles from a local artisan for their shower. Personally I don't think things that are 90% purchase/consumption (housing/renovations/appliances) are hobbies in the same way as photography/kitesurfing/gardening/cycling which may be expensive but have some sort of skill/learning/…

I worked for a wealthy man. I remember two stories among many: He once told me he was upgrading the doorknobs and hinges in this house. The bill just for those items came to $45K. We were both getting coffee in the office once, and he looked towards me and ask, “My socks cost more than everything you’re wearing.” And he liked me.

How did he create this wealth

Re: Be wary of imitating high-status people who can afford to countersignal

#487

Earlier quoted context omitted.

If anything it's driving the Maserati that outs someone as a dilletante. Possibly the worst value for money of any luxury car brand.

That's what I was thinking, too. (I'm not a car person and someone can easily school me here).

Yeah, if you want a 911 and have a little more money to spend, then there are more expensive variants of the 911 that Porsche will be happy to sell you. And they’re generally very good cars. Would get a Carrera GT over a Maserati any time.

Re: Be wary of imitating high-status people who can afford to countersignal

#488

Not going to university or dropping out of it is the most expensive countersignal of all, and it also knocks away the ladder for people who might try to follow you into your chosen endeavour. I've been articulating this dynamic for a long time and tell anyone who thinks I am an example that it's a terrible example to follow - mostly because the countersignals become the signal, as really, if you really want to prove…

> Not going to university or dropping out of it is the most expensive countersignal of all

I think this was the worst mistake I’ve made to date.

Re: Be wary of imitating high-status people who can afford to countersignal

#489

Earlier quoted context omitted.

I think there's a bit of an idea now that you should be expressing yourself with your money, not expressing society's ideas. Around cars and watches, this creates a little bit of a "dead zone" for prestigious professionals. For example, if you aren't showing up in a $200k Maserati, your car had better be under $50k (maybe $70k with inflation). Only posers who aren't really into cars but want to show off their wealth…

> Clothing seems to be the same at many companies: you had better wear tailored suits and shirts or be less dressy than "business casual." There’s a running joke in my circle about the “dad professional class”. People who are older (40-60s) and go to the office in a remote-work-accepting world mostly because they seem to want to leave their family at home. They all dress like shit in ill-fitting clothes, but because…

Agism, not cool.

Re: Be wary of imitating high-status people who can afford to countersignal

#490
post #394

Earlier quoted context omitted.

> - a Honda or Toyota will be more reliable with more convenience features than a BMW or Rolls Royce What convenience features? Is the Honda or Toyota really meaningfully more reliable during the first couple of years of ownership?

More cupholders, the ability to seat 3 carseats abreast, fabric rather than leather seats, better gas mileage, fits more easily in tight parking spots (and you care less if it gets dinged because you didn't pay $70K for it). Only thing the BMW really has on them is soundproofing (and probably acceleration & handling, but I don't care much about that). And I care more about how reliable it is at > 10 years of ownershi…

Rich people probably only care about the first few years of ownership since after a few years they’ll upgrade the the newer model.
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