Saturday, July 09, 2011

Conspicuous Frugality - A New Male Sensibility?

Apparently, among the primarily-male technology millionaire rich, there is a new financial sensibility, at least according to Los Angeles Times columnist, Jessica Guynn. Read More

Unlike the sensibilities of captains of earlier industry -- Carnegie, Rockefeller, Van Horne, etc.,  apparently the new, young, technological-age entrepreneurs increasingly do not see asset acquisition and personal wealth building as key measures of personal status.

Perhaps the transitional phase between this older and newer sensibility is demonstrated by the recent versions of Bill Gates and Warren Buffet?  The latter being the leader in the push for some level of frugality, at least in broad terms.

Assuming the shift represents anything significant, I wonder if this will change anything?  I wonder if this is a new meme?

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