I was reading 15HWW post on
Hedging against a Short life. It's a great article and a good defence against those
YOLO people who argued that because
WOLO (we live only once), we should spend our money without care and worry. I think philosophically, it's a good idea, but it fails on the execution part. I think the key point is that we should spend on things that matters to us, not necessarily things that are the most expensive or the most extravagant, and certainly not all the time. The law of diminishing happiness ensures that the more we upgrade on the choices that makes us happy, the more level our happiness will be. Until the next record breaking happy activity that we choose to indulge in, that is.
His article cleverly pushes the theme further away from materialism and more towards the idea ......