Warren Buffett: No Utility But to Show Off
on Tuesday, November 8, 2016Warren Buffett Money Quote saying being wealthy has fewer and fewer benefits, and after a certain point it confers only bragging rights. Warren Buffett said:
“There comes a point where money really has no real utility, You can use it to show off, but you can’t do much else with it” — Warren Buffett
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Warren Buffett is saying that after a certain point of accumulating wealth, money itself loses its usefulness. Once you have enough to live comfortably and meet your needs, having even more money does not provide much additional benefit. You can’t really use excessive wealth to buy much more than you need.
The only thing left to do with excess money is to flaunt it or “show off”, but that does not provide real utility or value. So the quote suggests that beyond a certain wealth threshold, accumulating even more money primarily serves to boost one’s ego rather than meet tangible needs or goals.