Those juxtaposed sentences do not compute for the vast majority of ultrawealthy engineers/CEOs/upperclass/1%. It certainly proves that after a fuzzy but real number of dollars, there exists a point where you simply have a superfluous amount of money.
If you have kids, go be with them. Travel, see the world.
Philanthropy.
Start another business if you feel the urge. Meet people. Get into the arts (the founder of my present company, OVH, used his fortune to buy a bunch of guitars and become a performing musician, Ken Block used his DC money to get into car racing)...
A creative soul like Woz will always find something worth doing :)
Edit: no longer gray by the time I typed this.
For every Beyonce, there is an equally talented person who wasn't at the right place at the right time.
This idea that we have to keep "accomplishing" things for life to have meaning is unhealthy.
https://news.ycombinator.com/item?id=44903803 ("Steve Wozniak: Life to me was never about accomplishment, but about happiness (slashdot.org)"—593 comments)
I am so caught up in the rat race, that I can't even understand what Woz want's to say, or what makes him happy. I only feel sad for him.
But if you think about it, I actually feel sad for myself. If I were in Woz's position with ~$20m or so and had missed the Apple cash cow (assuming $500m at the very least), how would I react? Would I live my entire life with regret and remorse? Would I be bitter?
Huge props to Woz for figuring out what makes him happy and doing exactly that.
But he already HAD a lot more money, and he gave it away. Do you think his behavior or outlook would change if he had $500m?
Parents should take their kids to the children's discovery museum (I think it is on Woz way).
There is nothing quite like seeing kids enraptured by playing with water or bubbles.
It is also amusing to watch closing time, as parents have to literally DRAG their crying kids away from it all out the door.
Steve J made ~10 billion at the time of his death at 56. Steve W made ~100 million and is still around at 75.
To make math real simple, I would definitely pay $500 million a year to stick around.
I'm going to speculate that in most cases, 20 million and 200 million is effectively the same. I wouldn't be upset in the slightest if I missed out.
If you can get a 2% return on 20 million that's 400k / year. That's a mind boggling amount of money. I picked 2% figuring to beat inflation by that amount in an extremely low risk investment so you don't have to think about market fluctuations hurting you.
Blackberry co-founder (sold stock when iPhone launched), https://en.wikipedia.org/wiki/Douglas_Fregin
Facebook co-founder (pushed out), https://en.wikipedia.org/wiki/Eduardo_Saverin
MySpace founder (pushed out after sale), https://en.wikipedia.org/wiki/Tom_Anderson, "If you knew me before Myspace, you'd probably thought I'd have been a scholar teaching philosophy in a university my whole life. If you met me before college, you'd probably have thought I'd be a musician for my entire life ... I like change.
It also helps that he was financially well off before Facebook too and could afford top lawyers. I imagine things would have gone differently if he were some broke immigrant kid on a visa, getting buried by Zuck's lawyers.
Justice may be blind, but it's definitely not free.
Is the insight here that people with resources have advantages?
Anyways. Money. It buys happiness. Whoever says otherwise is a fool.
Pretty much what I feel from reading Issacson and fact Jobs died rather early.
Money allows you choices.
It does not buy happiness.
How did it happen? Millions in 80's sounds like a whole lot of money...
> but I'm happy with enough to live comfortably.
Congrats!
Am glad you found peace.
He gave me some quick feedback that made a world of difference in SF (years later, when I tried raising angel money): get closer to people first. You don’t have to be their friends - just show up to where they show up (bars, meetups, library - anything), then tell them what you’re doing, and they’ll write you checks without you asking.
This is still the key reason why raising money in the Bay Area is so much easier than anywhere else.
I didn’t get any check from him that night, but he came across as such a human person - like someone you know for years - even to a complete stranger trying to go straight for his wallet.
Tech would be amazing if we had 1000x more Wozes around.
The problem is that the bulk of investment money these days comes through professional finance people (not the stereotypical “engineer who made a lot of money and now wants to help others”), who prioritize others who think like them, creating this self-fulfilling spiral of value extraction above all else. It’s the kind of thing you always see in “late stage” industries (eg aviation in the 1980s vs 1970s). It’s not irreversible though (eg there’s a small resurgence in hardware innovation happening right now, with companies like Framework, being funded by “idealist” investors, Pebble coming back, etc).
I think lots of people expected AI to be that too (the new “world of opportunity” that would come with a new “platform”), although so far it seems to be shaping up as FAANG players fighting for control (which is a bit disappointing from a user’s perspective)
Since then, I've seen him a bunch of times, chatting with people and being friendly.
spacedcowboy•5mo ago
vdupras•5mo ago
seydor•5mo ago
gazpachotron•5mo ago
pengaru•5mo ago
Don't most young people start life this way?
It's the influences of time spent in the rat race and a society fighting for scraps that beats it out of us.
I find those who struck it rich early and still turned out assholes more noteworthy.
achenet•5mo ago
So sometimes it's the opposite, you start out needy and the 'rat race' actually brings you to a more abundant world-view :)
chaps•5mo ago
pengaru•5mo ago
Being kind to others costs something, the wealthy can inherently afford it.
When they're still assholes it seems dysfunctional to me, like these folks are actively aspiring to be jerks.
What a strange path to choose, when you have so many options at your disposal.
esafak•5mo ago
paulpauper•5mo ago
underlipton•5mo ago
tchalla•5mo ago
bsimpson•5mo ago
- Daniel Tosh
tchalla•5mo ago
orthoxerox•5mo ago
spacedcowboy•5mo ago
dcrazy•5mo ago
So the etymology appears to be Skedaddle -> 23 Skidoo -> Ski-Doo -> Sea-Doo.
(Edit: I’m wrong! Wikipedia says the Ski-Doo was originally supposed to be called the “Ski-Dog”, but someone made a typo and they stuck with it! So much for my attempt to reconstruct a derivation!)
Jet Ski is also a trademark used by Kawasaki for their personal watercraft. It was designed by the same guy who designed the Sea-Doo for Bombardier.
unclad5968•5mo ago
moffkalast•5mo ago
virgildotcodes•5mo ago
immibis•5mo ago
---
Water: The clear stuff that falls from the sky as rain. We drink it, wash with it, and it is in rivers, lakes, and the big blue parts of the world. It has no color, no taste, and no smell. Without it, people, animals, and plants cannot live.
Motorcycle: A road car that has two wheels instead of four. You sit on it, hold the handles, and move fast. It is smaller than a car and can go between other cars. You need to wear a hard head cover to stay safe.
Comedian: A person whose job is to make other people laugh by telling funny stories, jokes, or acting in a silly way. They often talk to groups of people and try to make them happy by being funny.
antithesizer•5mo ago
spacedcowboy•5mo ago
“Whereas” can be used at the start of a sentence to introduce two contrasting clauses - in this case the first being his own statement, and the second being my rather more cynical money-based reasoning for his continuing wonderful personality.
geodel•5mo ago
FirmwareBurner•5mo ago
Sure, he's not Musk, Bezos or Zuckerberg levels of rich, but compared to average folk who need to work for a living till retirement, he's still very, VERY rich.
zer0zzz•5mo ago
rwmj•5mo ago
herval•5mo ago
jebarker•5mo ago
rendx•5mo ago
At the "probably safe FIRE rate", 4% interest: $2m -> $80,000 annually, while also preserving the $2m, accounting for inflation
hdjrudni•5mo ago
FirmwareBurner•5mo ago
Not if you live outside the US.
bestham•5mo ago
[1]: https://en.m.wikipedia.org/wiki/Steve_Wozniak#cite_note-2_co...
FirmwareBurner•5mo ago
I don't doubt he said that, especially when you're young, healthy and carefree you don't need much money. But being a millionaire doesn't hurt that feeling when you're no longer in your twenties and don't want to live with roommates anymore, since everyone can end up with unexpected illnesses or issues that can be made batter only by money.
titanomachy•5mo ago
I’m not sure this is true. I know plenty of miserable rich people. What is easy for someone who to look at a rich person and say “I’d certainly be happy if I had that money”.
FirmwareBurner•5mo ago
Because those rich people are only driven by greed and don't know when to stop. They don't see money and and means to and end, but their life purpose is just being richer than the other rich people which is an exercise in futility, leading to misery. Kind of like the men who's life purpose is being an "alpha male".
Having more money doesn't make you more happy, but having a lack of money can definitely make you more unhappy.
anonzzzies•5mo ago
FirmwareBurner•5mo ago
brundolf•5mo ago
Very few people get to that point and then choose happiness instead of ambition
esalman•5mo ago
We have to remember that it is a choice.
dyauspitr•5mo ago
krupan•5mo ago
The kind of money he has ruins the personal lives of so many people. I've heard him speak a few times and he's been happily married, happily taking care of his dogs, and just spreading joy and enthusiasm wherever he goes for years and years now. That doesn't require a lot of money at all.
I worked at Fusion-io and he was sort of an employee there early on. We opened a tiny office in San Jose and he sat there and basically worked as a receptionist at that office for a while, just happily greeting people as they came and went. He's just a chill dude without pretension.
gls2ro•5mo ago
How many people as percentage from the wealthy people are really unhappy and not just saying so because of (insert here guilt, peer pressure, fear of losing it all …)
How many people as percentage from the poor people are happy (and not just saying so because they are trying to cope mentally with their helplessness situation)
And I know that all this points to mindset.
So lets ask the real question: On average how easy (as in having time, access, …) is to fix your mindset (whatever that fix is) when you are healthy or poor?
layman51•5mo ago
I think almost anyone would have ignored it, but he decided to at least try to fix it by filing a lawsuit on behalf of victims. I think the lawsuit ended up getting stuck since the scam relies on shady ads on YouTube. But I thought it was cool that at least he tried arguing that it is weird that scammers can make ads that impersonate others and it takes quite a while for them to get taken down.
thr0waway001•5mo ago
In other words, he was a kind soul before the money and the success. The money and the success did not change him, but in fact, amplified his generosity and other good qualities. And to this day he remains a warm charismatic pioneer of Silicon Valley.
Jobs, on the other hand, boy that guy was selfish to the bone, and though he was not as money hungry as other CEOs, the success really amplified his ugliest traits that allowed him to treat people as disposable including his own friend Wozniak.
Worst thing he ever did, if you ask me, was deny his daughter Lisa even when he had the means to give her mother and his daughter a better life. He seemed spiteful in principle. I understand being skeptical at first about being alleged as the father of a kid, especially while you're trying to make it early on in your career, but after the paternity test proves you're the dad, and you have the means to provide, and you still don't then you are trash.