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When I worked with a billionaire and several millionaires at a private equity firm, everyone was jealous of and struggling to make it to the next level up. The
by randycupertino 5y ago
When I worked with a billionaire and several millionaires at a private equity firm, everyone was jealous of and struggling to make it to the next level up. The guy who made $250k and a 200k bonus was jealous of the guy who made a $2million dollar bonus. The $2 million dollar bonus guy was mad he only flew first class and didn't take net jets everywhere like the senior partner. The Senior Partner was annoyed he took net jets instead of having his own jet like the Principal. And the Principal was jealous of another Principal with a bigger jet. There was also a lot of arguing with all of their wives about horses. These people all blew an incredible amount of $$ on horse racing and horses.
If you have enemies in life, consider encouraging them to get really into horses because imo it's the fastest way to drain their time and assets with little return.
- HWR_14 5y ago> If you have enemies in life, consider encouraging them to get really into horses because imo it's the fastest way to drain their time and assets with little return. It's up there with owning a megayacht and collecting art.
- DamnYuppie 5y agoPeople in private equity/finance are pretty out there in terms of competitiveness and aggressiveness. I would not use them as a barometer for all millionaires and billionaires and no they don't make up the majority of either of those categories.