/biz/ - Business & Finance

The ultra rich typically don't engage in conspicuous consumption. That's something that new money does to signal that they aren't poor any more. It's part of why 90% of family fortunes are lost within three generations. The remaining 10% socially acclimates to the old money's way of doing things. Their attrition rate is much lower and they don't signal wealth the same way.

>actually hurt the economy

It's not that they're, in and of themselves, hurting. It's like in monopoly when you've reached a state where a handful of players basically own everything on the board and have built hotels everywhere. If your economy has gotten to this point without shuffling some of the wealth back around to keep the game going then you're looking at a nearly zero sum game that will inevitably break down.

No, but you have to know how to deal with sociopaths to make it.

Sociopaths themselves are successful in the short-term but burn out over the long term. Because of this their bodies tend to metaphorically stack up at the mid to high level in most corporations so you have to climb over a mountain of them to get to the top.

How much stock do you put in established brands these days /biz/? Do you think blue chip companies are a Goliath awaiting their David? Or is the little guy deluding himself?