Sunday 29 October 2023

Bill Gates

For many years, Bill Gates used to fly Economy, not because he couldn’t afford First Class, but because he didn’t consider it good value. It’s five or six times more expensive, but only marginally better (and you all get to your destination at the same time). In the same vein, I could afford a really nice car at this point, but I’ve never been a car guy, and I don’t need a Lamborghini or a Mazerati (which I can’t even spell). A Volvo station wagon does the job just fine, and I wouldn’t value the difference. I don’t need to drop $1000 on a bottle of wine at dinner either, since I know I’ll get the same enjoyment from a $35 bottle. So what is wealth good for, in the end? Besides providing security, it also gives flexibility. After all of the experiences I’ve had, the most important thing I’ve learned about money is that, once you have enough (by the previous definition), you can choose to have less of it in exchange for choosing how to spend your time. And spending your time doing something meaningful to you…that’s worth way more than a Mazerati Mark Randolph Co-founder, Netflix

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