We can’t discount the classic dick-measuring contest that’s bound to happen when rich people compare their net worths to each other. I’d be shocked if some people weren’t at least partly motivated by having a bigger “number” than their friends do.
I had a boss who had a net worth around $10 million (I knew because he had hired me to trade S&P500 futures for him and he gave me access to his brokerage accounts as part of this). He owned a house, nice cars, and a temp agency that gave him an income around $25,000 per month, in a southern city where the cost of living was very low. By any normal standard he was living in the lap of luxury, but his best friends were all west coast vulture capitalists who were worth hundreds of millions and my boss’ jealousy of them just absolutely ate him up inside (this was the whole reason he was getting into futures trading in the first place).
We can’t discount the classic dick-measuring contest that’s bound to happen when rich people compare their net worths to each other. I’d be shocked if some people weren’t at least partly motivated by having a bigger “number” than their friends do.
I had a boss who had a net worth around $10 million (I knew because he had hired me to trade S&P500 futures for him and he gave me access to his brokerage accounts as part of this). He owned a house, nice cars, and a temp agency that gave him an income around $25,000 per month, in a southern city where the cost of living was very low. By any normal standard he was living in the lap of luxury, but his best friends were all west coast vulture capitalists who were worth hundreds of millions and my boss’ jealousy of them just absolutely ate him up inside (this was the whole reason he was getting into futures trading in the first place).