Morgan Housel came up with an outstanding article on the art and science of spending money. Basically, he distilled the spectrum of issues we deal with that make spending money more complex than many financial experts think. There are a few parts that caught my attention. I always wonder why there are two different outcomes for people that grow up with poorer childhoods. Some save and save. Some spend and spend. If you dig into it, I think you’ll see that a disproportionate share of those with the biggest homes, the fastest cars, and the shiniest jewelry, grew up “snubbed” in some way. Part of their current spending isn’t about getting value out of flashy material goods; it’s about healing a social wound inflicted when they were younger. Even when “wound” is the wrong word, the desire to show the world that you’ve made it increases if you grew up snubbed out...