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He seems to make the implicit assumption that you can only spend money on goods, and not services.

I have all the Stuff I could need or want (save maybe an rMBP instead of my Air, or a new camera or something), but if I had more money I would almost certainly spend it on things like airfare, hotels, seed-stage investments, and the like.

There's a lot more one can do with money than "buy stuff to fill up one's house" or "fund research".




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