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I believe it’s considered not the done thing to sleep in your super yacht in port - you’re expected to decamp to the nearest 5* hotel. Genuinely can’t understa
by implements 4y ago
I believe it’s considered not the done thing to sleep in your super yacht in port - you’re expected to decamp to the nearest 5* hotel.
Genuinely can’t understand the point of them to be honest, they seem to be nothing but wealth signalling to peers I’d hope (as a middle-class person) would have a lot more sense and a lot less social insecurity.
- dzhiurgis 4y agoNo hotel will be as luxurious as this yacht.
- Xeoncross 4y agoI would assume they provide some form of additional insurance should some mass event like war, nuclear fallout, international embezzlement, or covid transpire.
- colordrops 4y agoYou'd need to find a coterie of machine gun armed thugs to join you if it got to that point.
- scottLobster 4y agoDoesn't Peter Thiel already have private security at his luxury nuclear fallout shelter, with agreements that their immediate families get to join them in the bunker if/when the apocalypse happens?
- mywittyname 4y agoIn such an event, I'm sure there would be plenty of those available for hire. Of course, then you're stuck on a gigantic boat with a bunch of armed thugs...
- NhanH 4y agoIf there is such a disaster (to you or the world) that a yatch could be of use for shelter, you are no longer a billionaire and people on the yatch will throw you to the shark, figuratively and potentially literally.
- Xeoncross 4y agoI think you're assuming this is the end of the world. Much more likely to be a regional issue like war, litigation, fraud or outbreak has historically been.
- AlgorithmicTime 4y ago
- pastor_bob 4y agoLiterally one of the first things seized from Russian oligarchs though once they went to war with Ukraine. They're only as safe as where they're parked.
- freejazz 4y agoThose yachts aren't self-sufficient and they cost an incredible amount to keep running on a daily basis.
- scottLobster 4y agoI appreciate LazerPig's take on the subject (The whole video is a fun watch, but this is the yacht specific part): https://www.youtube.com/watch?v=fRDPd0MiopM&t=375s https://www.youtube.com/watch?v=fRDPd0MiopM&t=375s Essentially it's keeping up with the joneses. Turns out rich people are, on average, more lucky than they are original or skilled. They're generally subject to the same personality flaws as any person making 40k/year or less, but whereas the person making 40k/year has financial constraints on how much they can indulge their character flaws, the deca-millionaire or greater does not. Money is an accelerant, and if you're already deeply insecure (as most obsessive workaholics that become billionaires are) money will only make you more so.
- googlryas 4y agoBezos was also incredibly successful in another domain before starting Amazon - he was the youngest senior VP at DE Shaw. So maybe it wasn't just luck.
- thechao 4y agoWhen you're talking "self made billionaire" I think you're picking from a select enough group that "very lucky a few times" is still within reason.
- AlgorithmicTime 4y ago
- scottLobster 4y agoPlenty of hard-working Senior VPs at hedge funds never become billionaires. Hedge funds themselves tend to rely on a good deal of luck plus skilled marketing. If Bezos had been working at DE Shaw during an economic downturn, would he have had the same future? Was it "just" luck? Of course not. But I'd argue luck is the primary difference between being in the top 1% vs being in the top 0.001%
- geodel 4y ago
- googlryas 4y agoNot the done thing according to who exactly? Bezos sets the trends, he doesn't need to follow them. It's not like he's a dime a dozen dude with just a billion or two.
- meheleventyone 4y agoDoes he set the trends though? Trend setting elsewhere doesn't necessarily follow the richest person around.
- pastor_bob 4y agoYou're not going to get much privacy on a European beach. Lounging on a yacht is how you avoid having to sunbath next to millionaires.
- potamic 4y agoThe cynic in me observes that a boat allows you to get to international waters outside the reach any jurisdiction.
- barbazoo 4y agoFor what purpose?
- rightbyte 4y agoAvoid the jurisdiction? Raise a Haitian flag and you are good to go.
- mayama 4y agoExchanging bags of cash? Seriously though, there was an idea floated few years ago about a cruise ship floating at the coast of silicon valley in international waters without paying taxes for companies. It didn't take off though.
- MerelyMortal 4y agolegal reach It would be interesting to see someone with the wealth of Bezos create a new nation, whether it's on land or at sea. It would also be interesting if he could team up with Thiel and put some serious money behind seasteading.
- throw0101c 4y ago> […] a new nation, whether it's on land or at sea. Cue William Gibson: * https://en.wikipedia.org/wiki/Snow_Crash https://en.wikipedia.org/wiki/Snow_Crash
- LargoLasskhyfv 4y agoMy inner nitpicker can't resist mumbling something about: * https://en.wikipedia.org/wiki/Neal_Stephenson https://en.wikipedia.org/wiki/Neal_Stephenson
- 4y ago
- ChuckNorris89 4y ago>they seem to be nothing but wealth signalling to peers I recommend to watch the Silicon Valley satire TV show. It really has such scenes where tech billionaires do insanely wasteful purchases just because one of their tech billionaire peers already has done something similar, just to maintain their status and ego among the SV elite. They also make fun of SV tech workers who feel they need to own a Tesla with Ludicrous Mode and the exclusive rims to show success. It's great satire, though it feels more like reality sometimes.
- Kinrany 4y agoYou seem to be treating fiction as if it was representative of the real world.
- bismuthcrystal 4y agoYes, because everyone knows the show bears no resemblance to the real world.
- bluedino 4y ago> they seem to be nothing but wealth signaling to peers I'd like to see a study where they took the net worth of boat owners and compared to them to purchase price, I wonder what the % would trend to.
- sokoloff 4y agoThis yacht is around 1/3 of 1% of his wealth. It’s the analog of a 10-millionaire buying a new Honda Civic.
- rosnd 4y ago>I believe it’s considered not the done thing to sleep in your super yacht in port - you’re expected to decamp to the nearest 5* hotel. Depends where. At popular yachting destinations like Sardinia or St Barth? No, you're expected to stay on board. In cities like Barcelona with actual ports, it might not be particularly comfortable to stay on board given the environment.
- bitwize 4y agoPeople who sleep aboard ship do so because they love sailing. My father bought a 30' sailboat from a man who used to live on it, sailing from place to place until he bought a bigger boat to serve as home. Sleeping ashore in a hotel conveys "oh, this old thing?" vibes about your yacht. You don't really care about ships or sailing, you just bought it on a whim, because you're rich enough to do that. And yes, they are wealth signalling. I remember a white paper put out by Oracle about "Java isn't going anywhere". It included a photo of Larry Ellison's America's Cup yacht. To technical folks the yacht photo is ridiculous. But technical folks don't get to make large scale technical decisions, those are made by business people. And the yacht photo reinforces the central message to business types: Java is backed by a successful company with a billionaire CEO, so you can count on it for your business.