4 ms·
> Why would a wealthy diamond merchant in a three-thousand-dollar suit want to cheat me out of a hundred bucks’ worth of gold? How else do you become wealthy a
by sspiff 12y ago
> Why would a wealthy diamond merchant in a three-thousand-dollar suit want to cheat me out of a hundred bucks’ worth of gold?
How else do you become wealthy and buy $3000 suits?
- _yosefk 12y agoThere are other methods, but regardless, it doesn't explain why keep doing it once you got that $3K suit. A relevant question for someone who got there using other methods, BTW. I think the answer is in the power of habits coupled with an unlimited and growing desire for money.
- sspiff 12y agoLike power, money is addictive. People who got their power or wealth through immoral means often don't stop once they have "enough".
- fnordfnordfnord 12y agoThe suit is not a reward, it's a prop that helps you get more.
- cmdkeen 12y agoIt's intriguing that the same issue crops up in the financial industry with product fees. Fund managers with high fees are not the best but people mistakenly apply the "I must be getting what I pay for" concept, not appreciating that the best managers charge lower fees because they're operating at larger economies of scale.