Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?
Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?
When you win/exploit/inherit/etc enough capital to live well for multiple lifetimes, it always perpexes me when people fixate on making more.
You won, go enjoy hobbies you can easily fund now, it’s just hoarding at this point. Capital is a means, and it’s kind of pathetic when people warp it into their end goal when it’s no longer the key limiter to their lifestyle.
It’s no different than hoarding newspapers, but at least many of those hoarders often demosntrate the self-awareness and recognition of embarrassment.
For 100 million you are good but for more realistic amounts of money the value of it just goes down with time so it is a good idea to do something with it.
I think the behavior of hoarding is pretty human and there is a broader failure of inequality.