><i>If one of the wisest minds fell prey to the trap of more what chance do we mere mortals have? None, obviously. If the question is: How much money do you need to be happy? The answer is always going to be: More. I’ve come around to the idea that this answer is fine as long as you recognize it’s the human condition. It’s just how we’re wired.</i><p>And yet there are lots of people make it big, stop caring about getting more, and enjoy life, even withdrawing from the hustle. They're not married to their businesses, for some it was just a vehicle to get comfortambly rich, nor are they always seeking more wealth, Succession-style.<p>It's also more of a cultural thing, more common in Europe for example than in the US, where your whole identify is tied to your business, and hustle is considered a term of endearment.<p>Also, I'd like to note that no cultures of yore (and not many current ones, outside the US) would call Charlie Munger "wise". "A great business, investor, and financier", yes.
Sooner or later you'd have to convert those money in activities and if you accumulate and accumulate and postpone the conversion until end of life you'd find that the only activities availible are surgeries and experimental medical treatments.<p>5 millions FFS! I am quite the vehicle guy, the amount of vehicles you can buy or rent for that figure is immense.<p>The fastest motorcycle in the world , the Kawasaki H2R is 35.000-38.000$ on the used market.<p>You'll never need another bike in your life, you can buy it and spend the rest of your life trying to push her to the limit and probably you'll never quite reach it because you have not been biking professionally ever since 15 years old like those who can push her to the limit.
I knew a guy like this. He ran a small business intelligence/stock analysis shop withone assistant. He was extremely resentful that his father had only given him $1m to start off in life, because his older brother had been given $10m. My impression was that he spent a lot of mental energy mapping the $9m gap and being hyperconscious of the fact that barring a lucky strike it would probably be impossible to ever close it.
Article seems to completely disregard the high cost of living of many high income earners.<p>Yes, it is possible to make $160k/yr while supporting a family of 4, and feel like you’re “just getting by” in the SF Bay Area or NYC.