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Originally Posted by moneyandcredit
Thanks for the links to the hedge-fund lifestyle articles. I know a guy who runs a money-management firm in Santa Monica, and he's pretty wealthy. Not nearly as wealthy as the guys in the links, though (he has to lease his private jet!).
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Poor guy.
Quote:
Originally Posted by moneyandcredit
It's interesting to know what that kind of "screw-you amazing money" can buy. $50M+/year is a figure I can't fully comprehend, if I'm going to buy only those things that I really want. I'm not too interested in fine art, and if I need to go somewhere that isn't my primary home, then I can just fly business class and stay in a nice hotel. Getting a $60M apartment and flying in my own Gulfstream to get there is a low priority for me, so I think a more traditional professional investment career is just fine.
Of course, I could be saying that only because I don't make $50M+/year.
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I totally agree. I mean, I guess making $50M a year would be cool, but I can't imagine I'd be much happier than if I made say $1M a year.
I'd be lying though if I said money was unimportant. For example, when I'm done with school I will probably want to live in a major US city and own a downtown condo. It doesn't have to be a really expensive place, but in many major cities it's hard to find a place for under $250K. At the same time though, I don't care much about a really fancy condo, or an expensive car, boats, etc.