Author Topic: So fed up  (Read 4172 times)

rkbabang

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Re: So fed up
« Reply #10 on: July 06, 2018, 10:34:55 AM »
of being a poor "relative" piece of shit:

http://youtu.be/RB6aMprvweE

Cardboard

Can't see anything to envy in this video. I prefer having my time to myself, a nice place to ride my bike, and a good book to read. I bet I'm happier than Tom Brady when I do that ;)

I agree 100%.  While I'd love to be as rich as Tom Brady, I'd refuse it absolutely if his fame had to come along with it.  I'd have no problem being insanely rich, but I have no desire to be rich AND famous.  No thanks.  That sounds more like a curse than a blessing.


Paarslaars

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Re: So fed up
« Reply #11 on: July 06, 2018, 10:42:35 AM »
Never really had any envy for these kind of things...
I want to make 50k/year on my investments so I can live a relatively luxurious life and never have to work again.
(I'll probably still work, just not have to)
Anything beyond this is not going to provide me with any lasting happiness.
« Last Edit: July 06, 2018, 10:44:51 AM by Paarslaars »

Cardboard

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Re: So fed up
« Reply #12 on: July 06, 2018, 12:54:30 PM »
I think that you guys are a little dishonest with yourself.

Have you not ever dreamed of being the best at your sport or craft?

Depending on what it is, fame will follow. It could be more or less depending on the popularity of said activity but, there is no way around it.

It must be a pain at times but, there are many benefits. For Tom for example, I am certain that he walks into almost any restaurant or clothing store and it is on the house.

And if you are fully happy today with what you got, then why do you invest money? Just because you like doing it? Why don't you spend all of your time instead doing what you enjoy best, family, etc.?

Time is our most precious commodity you know and I see money as a tool to get more time. That is the biggest benefit of wealth IMO. Then all the goodies won't necessarily make you happier but, why would they hurt?

Reminds me of old Buffett who used to complain constantly in the 80's about the cost of the private jet owned by Berkshire. Do you hear these complaints today?

Do you also believe that he goes to the worst golf courses to save money? Do you think he hates it when young, good looking female reporters come rubbing him to hear his wisdom?

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watsa_is_a_randian_hero

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Re: So fed up
« Reply #13 on: July 06, 2018, 01:43:58 PM »
I'm with you Cardboard.  There have always been a large difference in the lifestyles lived between the upper upper 0.01% (or put whatever cutoff point you want on) and everyone else...but I think social media and youtube has advertised the benefits of that lifestyle on a more widespread basis.  Unless you get to the point where you are a billionaire, you will always have people significantly wealthier than you with significantly better "toys", homes, experiences, lifestyles, etc. 

Rod

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Re: So fed up
« Reply #14 on: July 06, 2018, 02:15:20 PM »
I think that you guys are a little dishonest with yourself.

Have you not ever dreamed of being the best at your sport or craft?

Depending on what it is, fame will follow. It could be more or less depending on the popularity of said activity but, there is no way around it.

It must be a pain at times but, there are many benefits. For Tom for example, I am certain that he walks into almost any restaurant or clothing store and it is on the house.

And if you are fully happy today with what you got, then why do you invest money? Just because you like doing it? Why don't you spend all of your time instead doing what you enjoy best, family, etc.?

Time is our most precious commodity you know and I see money as a tool to get more time. That is the biggest benefit of wealth IMO. Then all the goodies won't necessarily make you happier but, why would they hurt?

Reminds me of old Buffett who used to complain constantly in the 80's about the cost of the private jet owned by Berkshire. Do you hear these complaints today?

Do you also believe that he goes to the worst golf courses to save money? Do you think he hates it when young, good looking female reporters come rubbing him to hear his wisdom?

Cardboard

It all depends on what you value. My aim as an investor is to beat the market by a large margin, which I have for over 20 years. I don't aim to be famous or seen as a great success like Tom Brady. I would prefer to be anonymous. I already live off my investments, but I would like to have more just for the added security. I would also like to build up tens of millions that I could donate to favourite causes later in life. I don't desire luxuries. I have lived very frugally my entire life and have found that I enjoy simple things that cost little. Investing has always been an interesting challenge and a means to support me beyond all else. I spend about 1 week a month doing investment research and the rest of the time pursuing other interests. If/when I have more money I may choose to go the passive ETF route and retire from active investing so I can devote that 1 week a month to other things.

LC

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Re: So fed up
« Reply #15 on: July 06, 2018, 03:03:05 PM »
No I don't want to be the top of the top at my craft. Frankly in most cases I have seen, you need to be born with a generational talent to reach that level. It is not a developed skill.

I'd wager the majority of those in the 0.1% were born there (or somewhere close) vs. developing skill to get there.

But to me none of that matters - you play your cards as well as you can and hope for the best.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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TorontoRaptorsFan

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Re: So fed up
« Reply #16 on: July 06, 2018, 03:30:06 PM »
Tom is a true Alpha. Greatest player ever in NFL History. Attended a Great University - U of Michigan. Supermodel wife, 3 children, beautiful home.
Constantly works hard to be the best at his career - diet, exercise, sleep, etc.
AAPL, BAC, BAM, CMG

rkbabang

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Re: So fed up
« Reply #17 on: July 06, 2018, 04:16:36 PM »
I think that you guys are a little dishonest with yourself.

Have you not ever dreamed of being the best at your sport or craft?

Depending on what it is, fame will follow. It could be more or less depending on the popularity of said activity but, there is no way around it.

It must be a pain at times but, there are many benefits. For Tom for example, I am certain that he walks into almost any restaurant or clothing store and it is on the house.

And if you are fully happy today with what you got, then why do you invest money? Just because you like doing it? Why don't you spend all of your time instead doing what you enjoy best, family, etc.?

Time is our most precious commodity you know and I see money as a tool to get more time. That is the biggest benefit of wealth IMO. Then all the goodies won't necessarily make you happier but, why would they hurt?

Reminds me of old Buffett who used to complain constantly in the 80's about the cost of the private jet owned by Berkshire. Do you hear these complaints today?

Do you also believe that he goes to the worst golf courses to save money? Do you think he hates it when young, good looking female reporters come rubbing him to hear his wisdom?

Cardboard

There are 1500 billionaires in the world, more than 500 in the US. Can you name them all? 

It is absolutely possible to be super rich without even a fraction of the fame as Tom Brady. It is absolutely possible to have a few hundred million and be practically anonymous.  Ill pay for my food.

bizaro86

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Re: So fed up
« Reply #18 on: July 06, 2018, 04:35:56 PM »
Maybe I'm just an introvert  but I think being Tom Brady level famous would be terrible. Every minute of every day you'd have to be "on" which would get old fast.

I love the wife and kids I have, and have more money than I need. What possible benefit would there be to being famous?

Jurgis

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Re: So fed up
« Reply #19 on: July 06, 2018, 07:36:44 PM »
No I don't want to be the top of the top at my craft. Frankly in most cases I have seen, you need to be born with a generational talent to reach that level. It is not a developed skill.

OT? I think that's true for science, arts, sports. I am not sure it is true for business. I am not sure Mark Zuckerberg, Sergey and Larry are somehow generational talent. I think it was more luck (being in the right place at the right time) than generational talent. Bezos maybe. And even there I'm not sure.

Investing too - though perhaps a bit different. Sure there's Buffett and ???, but other than that even people considered the best 100 (or 1000) have rather mediocre long term results.

Quote
I'd wager the majority of those in the 0.1% were born there (or somewhere close) vs. developing skill to get there.

Worldwide and US-wide that's true. If you look at smaller pools, it's not that difficult to be in 0.1%.
« Last Edit: July 06, 2018, 07:39:14 PM by Jurgis »
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