APAD: If you've got it, flaunt it.
If you've got something you're proud of don't be afraid to show it off.
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When it comes to wealth, the mob go one step further. According to the
bestseller "The Millionaire Next Door," most people believe if you have it, you
HAVE to show it by spending on luxury, a practice the authors advise against.
The millionaires interviewed all set boundaries well within their means. To
them, looking rich and being rich are totally different things.
Many (including Taleb) have since pointed out the survivor bias of the data
collated in that book, i.e., all misers do not become well off, but that IMO
does not hurt its main message: keeping wealth requires financial discipline.
If discipline is only self-love, can we conclude that most people don't really
love themselves?