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I don't think it is. Or that's not the only reason, because I've seen rich people waste vast amounts of money on frivolity and vanity. It's power and superiori
by throwawaylinux 4y ago
I don't think it is. Or that's not the only reason, because I've seen rich people waste vast amounts of money on frivolity and vanity.
It's power and superiority. It's not that they care about a relatively insignificant amount of money they might lose on paper, it's that someone else might have caused that or might have gained from it. Doubly so if that someone else is a little person.
- s1artibartfast 4y ago> Doubly so if that someone else is a little person. Maybe true in some cases, but I don't think this is generally true. I think the typical behavior is to focus on oneself and not think about the little peoples interest at all.
- kelnos 4y agoIt is power and superiority, and hyper focus on making all values go up is a part of that. Frivolity and vanity are social signals that have value, albeit not in a monetary way. Regardless, Andreessen probably doesn't care about his property value all that much. But it's a lot more socially acceptable to say that than to say he doesn't want poor people too close to his neighborhood. (Or even just mere single- and double-digit millionaires.)
- throwawaylinux 4y agoAs I said, I don't think hyper focus on value is always what it is. Some people sure have that optimizing mindset, but far from all. In any case that's not part of the power and superiority complex as I see it. For some at least, that's not the driver, the driver is exerting their power over others and preventing someone else getting one over them. These people would happily lose money if it meant preventing that.