Money vs. preftige

KREBSCYCLEOMG's picture
Rank: Neanderthal | 3,314

Y'all,

What is your opinion on the utility of raw money vs. that of social clout? Listening to my MD bitch about how his retarded kid won't be getting into any decent [middle] school is quite worrisome. When everyone has money to staple to the right-hand corners of their autistic spawnlings' admissions packages, do parental lineages play that big of a role? Legacy gives a nice handicap, but what about when both parents are alumni vs. just one? If Papa Bear is $$$ but Mummy is an Albanian ex-nanny? If the parents are playing in the big leagues now but both went to non-targets? My mom is next-level useless but she did graduate from Barnyard. Did that actually play a role in the shaping of my future? Are you telling me my kid might not get the chance to be a lax star at HYP if I marry that bottle girl? What gives? You telling me I can't just throw money at problems to make them go away?

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Comments (35)

Funniest
Jan 13, 2020

i would pick preftige every time, perfonally

Thank you for your interest in the 2020 Investment Banking Full-time Analyst Programme (London) at JPMorgan Chase. After a thorough review of your application, we regret to inform you that we are unable to move forward with your candidacy at this time.

    • 34
Jan 13, 2020

Efpecially now that I read wall freet oafis

    • 9
Jan 13, 2020

FB'd

Thank you for your interest in the 2020 Investment Banking Full-time Analyst Programme (London) at JPMorgan Chase. After a thorough review of your application, we regret to inform you that we are unable to move forward with your candidacy at this time.

    • 3
Jan 13, 2020

money every time

Jan 13, 2020

Prestige won't buy you a new Lambo, but it might get you laid. Your choice

Array

Jan 13, 2020

So can money

    • 2
Jan 13, 2020

Fair enough, money seems to be the easy choice

Array

Jan 13, 2020

Anyone who buys into the illusion that working in investment banking is prestigious is a military-grade buffoon.

    • 4
    • 1
Jan 13, 2020

Money is prestigious

    • 1
Jan 14, 2020

Your argument is weak given the fact that you are commenting on a forum catering to people in finance coupled with the fact that many middle schoolers are still fumbling all over themselves to get an analyst position so they can buy montblanc pens and wear zegna shirts

Jan 13, 2020

C.R.E.A.M.

thots & prayers

Jan 13, 2020

commercial real estate, a-men?

Thank you for your interest in the 2020 Investment Banking Full-time Analyst Programme (London) at JPMorgan Chase. After a thorough review of your application, we regret to inform you that we are unable to move forward with your candidacy at this time.

    • 7
    • 1
Jan 14, 2020

You've never creamed

thots & prayers

Jan 13, 2020

they're synonymous - you cant have one and not the other

Jan 14, 2020

That's not true. I know a guy who owns 15 sandwich shops (Jimmy Johns/ Jersey Mikes/ etc) and he nets over $500k annually from that. He also feeds it into real estate investments and generates even more from it. I'm not sure of his exact net worth but he is very comfortable.

I wouldn't imagine he's the guy people flock to at any networking events.

"The three most harmful addictions are heroin, carbohydrates, and a monthly salary." - Nassim Taleb

    • 1
Most Helpful
Jan 14, 2020

Yeah he's definitely wrong. I'd rather be a portable toilet mogul worth tens of millions than a VP at a BB chained to my desk.

    • 8
    • 2
Jan 14, 2020

i assumed OP meant actual wealth not an upper middle class income.

Jan 15, 2020

Only $500K from 15 restaurants? really? Wow, I'd imagine much more, no? Not to mention some comprise of franchises.

  • Intern in IB - Gen
Jan 13, 2020

Yeeet

    • 1
Jan 14, 2020

Ok so none of you actually read and considered my rant. Perhaps should have entitled this "does money suffice" but I digress. My question is if money alone can afford you an "elite" lifestyle or do you need prestige also?

Also, you can definitely have money without prestige. How is that even an argument

Jan 14, 2020
KREBSCYCLEOMG:

My question is if money alone can afford you an "elite" lifestyle or do you need prestige also?

Depends on what you care about and what you want to do

Jan 15, 2020

Paddock Club tickets at every F1 race + exclusive team car events ?

Just be rich

Charity events at a country club that is filled with doctors, lawyers etc?

You are going to need some social status to fit in with that culture.

Array

Jan 14, 2020

You can have money and no prestige. New money people tend not to have prestige. But you can tell people with money and no prestige seem to be miserable pricks. I'm sure prestigious old money are miserable too, but they at least tend to have someone to share in their misery.

Someone like Bezos has a shit ton of money and doesn't fit into either category. It's weird because even though the guy is stupid rich, you almost could think of him as still trying to build his wealth, which is why he doesn't fit into either category.

I would say the best place to be in is rich but still building your wealth; not old prestigious money, but also not new money you don't know what to do with it.

    • 1
Jan 14, 2020

If you actually spend time around the so-called "old money", you'd see that a lot of them don't really have much money to begin with and many are definitely not prestigious.

Look at how many modern Kennedys are just degenerate drug addicts with mental problems.

"Work ethic, work ethic" - Vince Vaughn
    • 1
Jan 15, 2020

Prestige is just a clever tool used by manipulative folks to make white people do shit for free.

Me: hey I'm having a party and looking for someone to do all the planning, keep track of the guests and clean up afterward.

White Stranger: why would I want to do that?

Me: did I mention that my party is a benefit for [insert fancy charity/NGO here]? If you're willing to do this for us, we'll also make you chairman of our social committee, where you can do more unpaid grunt work

White Stranger: oh how prestigious! where do I sign up?

    • 2
Jan 15, 2020
Comment
    • 1
Jan 15, 2020