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I think GP doesn't mean "returns" as in investment returns. I think they're talking about like... living. The utility of buying a second (or tenth) house/car/
by dmoy 2y ago
I think GP doesn't mean "returns" as in investment returns. I think they're talking about like... living. The utility of buying a second (or tenth) house/car/whatever is drastically lower return than the utility of buying your first one.
- atmavatar 2y agoHowever, the utility of money starts to drastically increase once you reach a tipping point where it can start allowing you to wield real political power. The graph of monetary utility may look like a logarithmic graph at first glance, but that's just because it's more like a C1 + (x-C2)^3 graph where you haven't followed x far enough to the right.
- JetSpiegel 2y agoEh, it's not that linear. Remember when Michael Bloomberg spent 500 million dollars to be on the Democratic debate, and Elizabeth Warren burned that money down with a single zinger? https://www.youtube.com/watch?v=QD4csGWPo6o https://www.youtube.com/watch?v=QD4csGWPo6o