Quote:
Originally Posted by master3004
Am I naiive to think that if I had like 20 million, I would invest intelligently and be happy for the rest of my life? What the hell drives someone with a net worth of "4 billion" to have to emulate someone worth many times that? Isn't 4 billion enough to to do everything ever?
Yes, you are naive. With $4B there are definite limits to what you can buy. With $100B those limits don't apply to things anymore, but rather only large corporations.
If you only want a life that $20mm well invested can buy then you don't really need over $5mm as there isn't much that gets bought with those incremental dollars other than slightly bigger/nicer versions of the same thing.
There are different tiers of wealth that are definitely
at least orders of magnitude apart. A few billion dollars is much different than $100B in what it allows for in a similar way to how a few thousand dollars in a bank account is a lot different from $100k in how it allows you to live.
Absent the actual purchasing power of those dollars there are a variety of other reasons that people want to accrue wealth and it is important to understand that these are circumstantial. For many people there is no such thing than too much and while that is often tied explicitly to greed that is not always the right attribution.