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These stories of justifying great expenses amuse me, because I can't help but compare them to Warren Buffet's office (which is mostly sports memorabilia, loose
by gen220 3y ago
These stories of justifying great expenses amuse me, because I can't help but compare them to Warren Buffet's office (which is mostly sports memorabilia, loose papers, a telephone [1]).
>That said, in most cases day trading is basically just high end gambling and a mechanism of turning a large fortune into a small one.
Poignant! There are plenty of people and businesses happy to pry off a chunk along the way. :)
[1]: https://www.businessinsider.com/take-a-candid-and-personal-tour-of-warren-buffetts-office-guided-by-the-oracle-of-omaha-himself-2012-3 https://www.businessinsider.com/take-a-candid-and-personal-t...
- steveBK123 3y agoWarren Buffett is probably the great exception to the rule of Billionaires pretending to live commonly. Most of the other "oh I drive a Honda" or "I live with roommates" origin stories turn out to be factual, but incomplete as we find out they have roommates in a $20M penthouse / commute in the Honda for optics but have a garage full of luxury vehicles / own 27 homes / etc. Kind of like the classic Steve Jobs "hide the Porsches" story. That said, I bet Buffett owns at least 2 MacBooks? And really at the end of the day, anyone with a FAANG level job should have backup compute in the case of failure. It's a nothing expense next to the income we derive from using compute.
- FireBeyond 3y agoEven Elon, "I don't own a house" (but I have a holding company that owns several), but "I stay in a friend's $50M home which has a household staff".