171–180 of 829 posts
It’s funny how emotional responses questions like this become on part of the people answering everything but the question. If some one asks in a sports forum what the best exercises are that pro tennis players do that novices don’t know about you wouldn’t expect the majority of answers being in the line of “Tennis players never experience true love! If all you have is tennis you’ll be depressed!”
> There is literally nothing you can't buy except. Love. I feel like Elon is finding this part out the hard way lately.
I'd disagree, once you get wealthy (and it doesn't even need to be that much), you can: - schedule beauty appointments to fix how you look - go on coaching sessions to increase your confidence and how you socialize - take people out on dates without thinking "oh that's a bit expensive" - buy dating coaches who understand the psychology behind dating and successful relationships - buy therapists to heal your past trau…
To me, that is not “buying love.” I buy so I don’t have to do any work.
This was the most demonstrative part for me: PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive le…
Earlier quoted context omitted.
Except for education, you had to buy a browser. You could go to a CompUSA and buy a copy of Netscape Navigator. Microsoft bundled Internet Explorer for free with Windows, essentially destroying Netscape’s business overnight.
Sure, and there was a huge antitrust trial about it too, and we all knew how it turned out. The trial surfaced a whole bunch of shady stuff, but that was more related to them abusing their monopoly position (i.e. "throwing their weight around"). Netscape died because: 1) Browsers were destined to be a commodity, given the first browsers (like Mosaic) were effectively free, and even then it was clear that a browser wo…
The book of the battle - Competing for the Future - makes it clear how much of a mess Netscape was in internally
Essentially they had alternate code bases for every other version of the browser and we forever porting feature and bugs between the two (and often forgetting and so getting regressions)
> There is literally nothing you can't buy except. Love. I feel like Elon is finding this part out the hard way lately.
I'd disagree, once you get wealthy (and it doesn't even need to be that much), you can: - schedule beauty appointments to fix how you look - go on coaching sessions to increase your confidence and how you socialize - take people out on dates without thinking "oh that's a bit expensive" - buy dating coaches who understand the psychology behind dating and successful relationships - buy therapists to heal your past trau…
For example I wish someone told me about the existence of Miele kitchen equipment before I accidentally rented an apartment of a well-to-do woman. She renovated it for herself but then rented out when circumstances changed.
Similarly it took me a long time to realize just how much better the veneer wood furniture and doors are compared to laminated chipwood. Price is 3-4 times higher but it lasts 5-10 times longer and is much more pleasant to use. Unfortunately you need years to notice such long-term differences, unless someone tells you.
And I'm basically learning to be lower-middle class here. I'm sure there are similar things to know in higher stratas and I'm unlikely to live long enough to find out naturally even if I happen to get the money somehow.
Having worked at a few 100~1000 person companies run by billionaires, this tracks. Most of the difference in lifestyle is the quantity and quality of housing they can afford, and having people to take care of problems for them. But they ALL universally have messed up personal lives with multiple messy divorces, embarrassing affairs, NYPost Page Six appearances, etc. The one thing you'd think it gives them is freedom,…
>>The one thing you'd think it gives them is freedom, but they all pretty much end up working til they die so I don't know. I was having this conversation about this colleague a few weeks back about another colleague we knew who made it big working at a start up. You would expect he has lots of free time and mental space at hand to do whatever he wants, instead it turns out he has to now worry about managing that mon…
> And its not exactly a easy job. Managing big money can be hard as any loss even a small percentage is a lot of money. And that begins to weigh heavily on you in form of stress as there is a lots at stake.
A three-fund portfolio pretty much scales from $100 to $100M, probably more. Once you have enough money do whatever you want, you can do stocks:bonds anywhere between 20:80 and 80:20 and you'll be alright, and if not, there probably wasn't a reasonable choice you could have made with the information available.
If he's got enough to be set for life, and he's worried about market fluctuations, that's a choice.
It’s funny how emotional responses questions like this become on part of the people answering everything but the question. If some one asks in a sports forum what the best exercises are that pro tennis players do that novices don’t know about you wouldn’t expect the majority of answers being in the line of “Tennis players never experience true love! If all you have is tennis you’ll be depressed!”
Sometimes the question is really asking something else. In this case, it might seem to be "what trick can I use that ultra-wealthy use?" or "how can I be prosperous on a budnget" but it really is "what is it like to be rich?"
It’s funny how emotional responses questions like this become on part of the people answering everything but the question. If some one asks in a sports forum what the best exercises are that pro tennis players do that novices don’t know about you wouldn’t expect the majority of answers being in the line of “Tennis players never experience true love! If all you have is tennis you’ll be depressed!”
For many tennis players, love means nothing.
Money can't buy happiness but nether could the absence of money. It's not really a good argument against money.
It’s funny how emotional responses questions like this become on part of the people answering everything but the question. If some one asks in a sports forum what the best exercises are that pro tennis players do that novices don’t know about you wouldn’t expect the majority of answers being in the line of “Tennis players never experience true love! If all you have is tennis you’ll be depressed!”
Sometimes the question is really asking something else. In this case, it might seem to be "what trick can I use that ultra-wealthy use?" or "how can I be prosperous on a budnget" but it really is "what is it like to be rich?"
I think the conclusion is probably that they don't buy anything we don't know about.