Hacker Newsnew | comments | ask | jobs | submitlogin
code_duck 1323 days ago | link | parent

I can't say I'm impressed by the self-indulgent, flashy way this businessman chooses to spend his wealth. Sure, it's typical - exactly that. It's clear that _why was right on about the AXE Body Spray.


sbaqai 1323 days ago | link

Everyone has hobbies. Auto-racing just happens to be one where the cost can range from a few thousand to a realm of unlimited funds. I'm sure John Carmack's rocketry escapades aren't cheap either.

I'm not sure what's self-indulgent or flashy about it. The costs involved are perhaps at a scale that you and I are not use to, but its just another level up. And then there's the Jeff Bezos's and Richard Bransons, who have their own hobbies, done at the stratospheric cost scale.

You're talking about conspicuous consumption, buying things for the express purpose of displaying wealth. You don't exactly buy a bespoke 680hp barely street-legal race car that can't even be driven in your own country for that purpose.

-----

code_duck 1323 days ago | link

Right, you buy a bespoke 680hp race car for the purpose of masturbation, essentially. Some people choose to invest in other companies. Some people choose to operate charities or donate to them. Others may invest in something that holds its value, like real estate. What type of person spends their money on stuff like this? Not a particularly interesting person.

-----

stevefarnworth 1323 days ago | link

Actually, a one-off supercar will more than hold its value. Its value should actually increase (especially seeing as the Zonda it's based on is ending its short production run), as has been shown by the values of Ferrari Enzos which have almost doubled since production ended.

So, from an investment standpoint, it's sound.

Plus, it's his money. He (if it is DHH who bought it) can spend it how he likes, and he likes cars, and has the ability to fulfil a desire. You'd rather he buys another house/apartment? Why? Where's the point in that? Why not take a job in a 7/11 and "get-by" at the end of the week? In fact, why not just put all your money in a low-yield bond and sleep in a tent? Why spend money at all? Why earn money at all?

I will assume you don't like cars or see the point in supercars in general? I was lucky enough to drive a Ferrari F355 around a racetrack a few years back and it was one of the best experiences of my life - because I'm a car fan. A part of me loves them, and my desire to own one isn't as a status-symbol, it's for the feeling I get when I clip an apex on the limit of grip on a racetrack.

Also, from my standpoint, someone who'd rather invest their hard earned money in something sensible than something they truly want isn't a particularly interesting person...

-----

code_duck 1322 days ago | link

I consider the social value of this to be about equivalent to 'DHH stocks his vacation home with $1m in cocaine'.

He could say, go race a stock car, have about as much fun, and fund 20 startups as an angel investor. Instead, he's blowing his money on expensive thrills.

-----

stevefarnworth 1322 days ago | link

No. What you suggest is socially destructive, buying an expensive car is socially neutral. Why such an aversion to expensive cars? I'd rather live in a studio apartment with a Ferrari, than a 4 bedroom house (which I don't need - as it's just me) with a "normal" car.

Besides - why the heck should a private guy have to do anything of social value with his money? What, you want him to fund your startup with his hard-earned cash? Why should he?

There is nothing that says an entrepreneur has to spend their wealth investing in startups. Tom Perkins commissioned the Maltese Falcon, Larry Ellison (co)owns The Rising Sun, Elon Musk founded a freaking space-ship company because he wanted to.

This: "Instead, he's blowing his money on expensive thrills." Why shouldn't he? It's his money, he's not harming anyone by doing it, is he? Owning an expensive car doesn't mean you do anything illegal or immoral with it.

-----

ptomato 1323 days ago | link

How do you have fun? DHH will actually be getting some use out of this car on a track, not (just) using it as a status symbol. Furthermore, he did his best to remain anonymous as the purchaser of this car and was apparently quite unhappy when his identity was revealed.

-----

code_duck 1323 days ago | link

It's a status symbol. He spends his money like a pro football player or a member of Poison. Bullshit, he didn't try to be anonymous about his Lamborghini racing, by the way.

-----

mburney 1323 days ago | link

It doesn't seem to be too typical outside of Fortune 500 companies. It's actually nice to see a 'hacker' entrepreneur spending his wealth.

-----

code_duck 1323 days ago | link

It's very typical for sports stars and other egotistical young men, however. It would be cooler to see someone sucessful investing or spreading his wealth, at least for his own sake, then blowing it on showy possessions which lose their value immediately, like $700,000 cars.

-----

code_duck 1323 days ago | link

Interesting how this was voted up to 6 last night and then is down to 0 this morning. Did the OMG I LOVE 37 SIGNALS voting bloc arrive or something?

-----




Lists | RSS | Bookmarklet | Guidelines | FAQ | DMCA | News News | Feature Requests | Bugs | Y Combinator | Apply | Library

Search: