I met with Dr Soo for a short while, with Jill’s introduction. He described his China clients speaking of investing “至少一个亿 (RMB)”. I felt diminished and disqualified by the exclub (exclusive club).

• doubt: talking vs investing… Many people talk about $X but when it comes to payment date, only invests $0.05X. I’m one of these “cautious investors”.
• jolt: an even higher exclub… these same people would feel belittled when they meet a tycoon 10 times richer. Why do we have to feel belittled in the first place?
• jolt: carefree ezlife .. How many of these people have a carefree easy life like mine at my age?
• UChicago .. on a minor note, how many of these guys have a reputable degree as a personal achievement?

Q: But why the hell do I care about a f**king $100M when I have enough to spend for my lifetime, as MMM would say?
A: I think this is really exclub for the sake of exclub

Some similar experience:

• At MAPIC, how did I feel when I heard about the multiple properties those guys own? I guess most of them are leveraged.
• How did I feel when year ago I heard stock investors talking about the multiple stocks they own?
• How did I feel about MD job titles my previos peers have earned? Perhaps double my salary, but also lots of stress and job insecurity.
• How did I feel when decades ago I came across a graduate of an ivy league?

Now I have some insider info, my envy and FOLB (for these exclubs) is undergoing “release and unwind”.

— more important than the exclub of high net worth .. is the exclub of healthy longevity, i.e. the “club” of individuals who get to live a long healthy life.
Q: Who do you envy more? Which exclub do you choose if you can choose only one?

I never thought about these two choices. How obvious is it now !

— more important than the exclub of high net worth .. is the exclub of harmonious family.
Many of those wealthy China clients probably don’t have that. With their fame, riches, power and influence, they suffer.

Now I recall the Church gatherings. Rich families and modest families mingle, but I can’t tell the difference.