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1502 points JustSkyfall | 1 comments | | HN request time: 0s | source
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armada651 ◴[] No.45284247[source]
> a pretty massive sum of money

I feel like the perception of money is distorted in tech circles. To me $10,000 is a pretty massive sum of money. For most people $250,000 represents a life-changing amount of money.

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andrewstuart2 ◴[] No.45284291[source]
It's not distorted so much as it is relative to value. But that's not for tech, it's just for business in general. If you can make an extra $500k because you spend $250k, and there's not a better way to spend that money, then it makes sense to spend the money as long as you can afford it (or borrow it).
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armada651 ◴[] No.45284338[source]
I'm not saying that you shouldn't spend such a large sum when it makes sense and I'm definitely not saying that a distorted perception of money is limited to tech.

However the value of money is quite absolute, it's dictated by the exchange rate after all. If $250,000 is nothing more than "pretty big", then your perception is either quite distorted or the rate of inflation is much more severe than I understood it to be.

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stouset ◴[] No.45284487[source]
> value of money is quite absolute

You are conflating price and the value. I assure you that to a billionaire, $250,000 is of nearly no value at all.

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armada651 ◴[] No.45284504[source]
In other words a billionaire has a distorted perception of money. Also, water is wet.
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1. baq ◴[] No.45286151{5}[source]
Not distorted. It’s a billionaire perspective, but it’s very real and 100% true to the billionaire. Look up the concept of marginal utility of money.