Quote Originally Posted by bobkat View Post
Disclaimer: I don't make frankens, just wear very accurate reps.
The answer to your question is simple for me. I could buy a 5k gen every month and not notice. But, instead I could take a short position or buy into a security for the long run, or angel on a startup. If it tanks, i dont notice. If my return is exemplary then i do. There is absolutely no reason to spend money (which is the only way to really make money) on something that brings you temporary pleasure. The same applies to my automobile. Sure I could buy a brand new 997 or I could buy an 09 for a fraction of the price, freeing up capital to make more of itself.
If someone had decided to own 6 reps instead of 6 gens, 25k could have gone into high risk high reward dndn at 4 bucks and offloaded at 40 a couple months ago. That's 250k that will never go to a gen.
That's an odd read for sure.

You could spend 60K a year on watches and not NOTICE (which implies a good deal of disposable income), but wouldn't do it because you could make more money with the capital?

What's the point of making the money if you're not going to spend it and enjoy it (at least some of it)?
You might as well set up simulated trading accounts and make millions on paper, (or you could use your skills to help other people struggle a bit less).

As for temporary pleasure, it's ALL temporary.
The Brinks truck ain't gonna' follow your coffin to the cemtery...