March 1, 2025

Luxury Socks

If you drink Starbucks coffee or have an iPhone or wear Nike socks or own a pair of jeans that cost more than like $10, somebody somewhere thinks you’re crazy for throwing your money away on something “stupid”.

And you would disagree with them because you have your reasons.

Just like a billionaire would disagree with you because they have their reasons for owning a super yacht.

Value is TOTALLY subjective.

There is no right or wrong when it comes to what someone is willing to spend on something.

What they’re willing to spend is what they’re willing to spend.

Value is a function of three things: desire, buying power, and availability of options.

Other people’s “stupid” purchases are simply things that you don’t want or that you can’t afford or that have a cheaper option that is acceptable to you.

Yours,

—J

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