Growing Up: No one cares about your Rolex


Hey team,

Quick one from me this week!

I regret that I wasn't able to deliver the Growing Up newsletter to your inboxes yesterday. However, in the hope that you may prefer receiving 400 words from me rather than zero, I thought I'd share the most thought-provoking thing I read this past week...

It’s from Chris Williamson’s 3 Minute Monday newsletter (coincidentally the newsletter that inspired me to write this one) and it's very on trend with the Growing Up theme.

This is it:

Status symbols only work on people "below you”:
Nobody richer than you cares about your Rolex.
— Nicolas Cole

Not huge on the "below you" part... I think life becomes a lot easier when we realise that no one is better or worse than us and we aren't better or worse than anyone. Maybe that's part of the idea here... if you hold the belief that some people are "above" you then you are always chasing something and no amount of Rolexes will extinguish the sense of inferiority or "not enoughness" that you carry around...

Reminds me of a story I read yesterday in finance writer Morgan Housel's book The Psychology of Money (more on this another day). John Bogle tells the story... (he's the American investor who founded the Vanguard Group, and is credited with inventing the index fund. He died in 2019... Vanguard is a massive investment management company who manage over 7 trillion USD worth of assets. Index investing is the idea that you can buy a fund that tracks the performance of the market, rather than buying lots of individual stocks yourself...)

"At a party given by a billionaire on Shelter Island [New York, not to be confused with the island from that Martin Scorsese film...], Kurt Vonnegut [American writer...author of Slaughterhouse-Five] informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds "Yes, but I have something he will never have... enough.""

As always, keen to hear thoughts and I look forward to sending you a proper essay next week! I think I might share some fascinating science from Matthew Walker’s, Why We Sleep

Until then, enjoy your weekends!
xx Delia

P.S. Even though this was a short one, feel free to forward :) and you can revisit any previous newsletters here.

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Hi! I'm Delia Burgess

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