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I was watching a Robert Kiyosaki talk with some podcast recently where he mentioned investing in Wagyu beef ranches I think. And he said something to the effect
by jxramos 4y ago
I was watching a Robert Kiyosaki talk with some podcast recently where he mentioned investing in Wagyu beef ranches I think. And he said something to the effect that the poor will stop buying hamburger, but the rich will suck the additional costs because they essentially are not stoic enough to go without was the vibe of his claim. So pretty much the division of essential and non-essential curves differently for different classes is how it sounds.
- atlasunshrugged 4y agoI don't have enough money to be investing in Wagyu beef ranches but I agree with that (especially if they really get cell based meat going, but even without just based on regs and consumer behavior RE animal cruelty). Eventually it'll be just premium meats vs... tbd (plant replacements, bugs, cell based meat off an assembly line)
- version_five 4y agoThe conclusion makes sense though I'm not sure it being a question of a kind of stoicism. From personal experience, if you have money, costs go up, and you get angry you're spending more, but you can afford it so you suck it up and pay (ironically, a bit stoic). If you literally don't have the money, you have no choice but to change your behavior, so you go without.
- jerlam 4y agoFunny you brought up Kiyosaki (Rich Dad, Poor Dad author) since one of the lessons in the book was - the rich (wealth accumulators) are smart enough to not spend their money on luxuries such as expensive new cars, and presumably high-end craft beers.
- kmoser 4y agoIf the rich aren't buying expensive new cars (e.g. Rolls Royce?), who is? Certainly not the rest of us.
- imtringued 4y agoThis is like the people who say the rich don't have money, they only have stocks. They have both...