No you can’t? You can blow $20 million on a house that then costs $500k a year in maintenance, and that’s just the beginning.
And then you might say well just buy a regular house?? Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.
> For six decades, Buffett has lived in the same residence in the central Dundee neighborhood of Omaha, Neb. The “Oracle of Omaha” purchased the home for $31,500, which would be worth about $250,000 in today’s dollars.
> As it turns out, the house was the “third-best investment” he’s ever made, Buffett wrote in a letter to his shareholders in 2010.
I mean, you pretty much answered your own question with "blow" which doesn't indicate it being a worthwhile purchase.
The people I know who have done well in business don't have extremely fancy houses anyway. They vacation a lot.
> Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.
People's priorities change. Maybe you're driven and got that kind of position and then think shit I can leave this and live well for the rest of my life.
And then you might say well just buy a regular house?? Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.