An Observation from Learning Corporate Finance


I'm reading Brealey et al.'s Principles of Corporate Finance to learn more about finance and how to think about it. Two of the examples so far include:

  • buying a saiboat ("something like a 40-foot Beneteau would fit the bill very well.")
  • buying a country club membership

I don't quite know what to make of these examples. Are they alienating and classist? Sure. Are they frivolous and hollow? I sure feel that way. Or perhaps I'm just channeling a sentiment from this morning:

Why should the lord of the country flit about like a fool? If you let yourself be blown to and fro, you lose touch with your root. If you let restlessness move you, you lose touch with who you are.

Tao Te Ching 26