Why do people like Warren Buffet continue to try and make as much money as possible, when they have so much that they could never spend it all?
When you control massive wealth you can do things nobody else can do. You get called by Presidents and Potentates when they need help or want your opinion. You get invited to the most interesting secret meetings where the strings that move the world are pulled.
The Short Answer
When you control massive wealth you can do things nobody else can do. You get called by Presidents and Potentates when they need help or want your opinion. You get invited to the most interesting secret meetings where the strings that move the world are pulled. You get a seat behind the curtain. Being an active investor is what keeps you in that seat. If you put your money into a passive investment vehicle and ignored it, people would ignore **you**. Only if you're seen to be willing and able to move the kind of capital that changes markets do you get to be a real "insider". Buffet loves being an insider (who wouldn't?) He's also been doing it his entire life. Clearly he loves it on some fundamental level. He is probably really intrigued by what he sees happening over the very long term and wants to remain in a decision-making role as he watches to see if his theories about how the world works are validated or not.
Analysis
Key Concepts: Move, world, seat
This explanation focuses on move, world, seat and spans 170 words across 10 sentences. At 136% above the average Society explanation (72 words), this is one of the more thorough answers in this category, reflecting the complexity of the underlying question.
What This Answer Covers
The explanation opens with: “When you control massive wealth you can do things nobody else can do.” It then elaboratesultimately building toward a complete picture across 10 connected points.
How This Compares in Society
Ranked #14 of 500 Society questions by answer depth (top 4%). This places it in the comprehensive tier — the top quarter of most thoroughly answered questions. Questions at this depth typically involve multi-faceted topics requiring nuanced explanation.
Frequently Asked Questions
Is there a simple explanation for why people like warren buffet continue to try and make as much money as possible, when they have so much that they could never spend it all?
When you control massive wealth you can do things nobody else can do. You get called by Presidents and Potentates when they need help or want your opinion. You get invited to the most interesting secret meetings where the strings that move the world…
How detailed is this explanation compared to similar Society questions?
This is one of the most thorough answer at 170 words, ranked #14 of 500 Society questions by depth. The key concepts covered are move, world, seat.
What approach does this answer take to explain people like warren buffet continue to try and make as much m?
The explanation uses direct explanation across 170 words. It is categorized under Society and addresses the question through 1 analytical lens.