Maybe I'm not creative enough but I've tried this thought exercise with friends and it's a fun one.
The question is, try to spend $1bn on stuff. Go.
So then you start with big ticket items (like maybe a yacht or a house). That gets you to your first $500m. After that, stuff gets WAY "cheaper" where you just run out of things generally before even hitting $1bn.
And then at the end of it we try to imagine what it's like having stuff worth $250bn. And there's just no way to make that tangible.
I did try this with my son and he said he'd buy an A-list soccer team. But I feel that starts to get into "buying companies that make you MORE money" territory.
At a much smaller scale, it seems to be that $10mn is so much that you could live in a $2m house (good by any standard in any location), have a stable of cars, have full-time help, fly first class or even private everywhere, and vacation as much as you want. Or am I off by a lot given inflation?
The question is, try to spend $1bn on stuff. Go.
So then you start with big ticket items (like maybe a yacht or a house). That gets you to your first $500m. After that, stuff gets WAY "cheaper" where you just run out of things generally before even hitting $1bn.
And then at the end of it we try to imagine what it's like having stuff worth $250bn. And there's just no way to make that tangible.
I did try this with my son and he said he'd buy an A-list soccer team. But I feel that starts to get into "buying companies that make you MORE money" territory.
At a much smaller scale, it seems to be that $10mn is so much that you could live in a $2m house (good by any standard in any location), have a stable of cars, have full-time help, fly first class or even private everywhere, and vacation as much as you want. Or am I off by a lot given inflation?