The mobile phones they had were absolute garbage, service was abysmal, and the security was non existent. There was no way to get to a smartphone without cumul

The mobile phones they had were absolute garbage, service was abysmal, and the security was non existent. There was no way to get to a smartphone without cumulatively trillions of dollars of investment in silicon, software, network rollouts, and so on. A person with 100 billion in 1998 could not have bought one despite it being a decade away for the entire population. The very wealthy cannot get things that are that special and it’s actually pretty amazing. Warren Buffet has called out several times that he lives like a regular middle class American and the main exception is flying private, but if were forced to choose he would dump the jet over the iPhone.