Ultimately money is just optionality/freedom. Some of the really rich people I know actually want less *stuff* than I do, but their liabilities are nuts
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Something that I think would genuinely surprise people is the number of on-paper tech billionaires — yes, billionaires — who have roommates These people genuinely do not handle wealth the way people expect. There’s only so much you can spend on cold showers & electric bikes
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tbh, this is mostly just me mulling over the idea of “100,000x” material wealth. The best most ultrawealthy people can do is models on a megayacht, which is maybe just 5x over normal pretty girls on a speedboat rental. The hedonic treadmill doesn’t have all that many gears
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Of course, yachts look pretty perverse if you’re swimming in student debt or medical bills — fair enough. Still, if you’re a middle class westerner who’s ever attended a half-decent NYE party you’re probably within an order of magnitude of all-time peak human decadence
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The really absurd thing are these “one of a kind” status goods inflated to hell — but if you’re Indiana Jones-ing it with the default take “that priceless artifact belongs in a museum, where schoolchildren can be forced to stare at it!” congrats, you’re the pricing mechanism
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Do you think that they're actually getting paid higher than average, or are they obligated to give themselves the minimal salary until an IPO or exit?
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They generally don’t have a lot liquid, but have access to whatever they want in loans against their holdings. But a lot of them don’t own much; maybe a nice home, not much else. It’s not a good idea to have a crazy burn rate against your ownership stake in your own company
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What number do you think this is? I wonder if you're overfitting on a few we know do
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I don’t know. I keep finding more & being surprised every time
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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