35 sats \ 10 replies \ @Satosora 23 Oct \ on: The Secret Economic Theory Behind the $100,000 Birkin Bag econ
I have heard that the "real" wealthy do not shop at these brands.
Only the newly rich do.
I could be wrong though.
That's certainly outside of my lived experience. Do the real wealthy just have everything custom built or do they buy the same kind of stuff we do?
reply
reply
That does sound familiar. I've probably read the same thing somewhere at some point.
reply
You’re right! Probably the only way the majority of us will know about this subject is vicariously.
reply
I don’t thin the original entrepreneurs spend money that way. They are self-taught their value of their efforts. They really understand the meaning of the money they earned. I have my doubts about the second and following generations. Yes, they can maintain their money, but in many cases go broke or just maintain the wealth they got by interest and such. Think Rockefellers and Rothchilds, who have an absolute lock on the wealth, versus say the Vanderbilts.
reply
From what I have seen of them, many things seem to be made custom for them. The British call it bespoke, I believe. From shoes to hats, they like bespoke. When I was in Thailand, I had several suits made for me, bespoke. I loved them, until I got too rotund for them.
It is hard to know what the really wealthy will do, because they do not behave in the same sane manner that the serfs do. They have a whole different thought pattern and religion than most of us do. They seem to live in cultish environments.