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A comment on Snapchat Spurned $3 Billion Acquisition Offer from Facebook. Parent comment

Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by nilkn on Wednesday November 13, 2013 @03:17PM (#6728162)
Consumption of ultra-luxury items is one way to look at the difference, but another is your progeny. $20M, if spent frugally and invested well, could certainly ensure the well-being of your immediate children and probably grandchildren as well (not if you blow it on vintage sports cars and jets, though). But a billion or two could keep your family out of work for many, many generations
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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by qq66 on Wednesday November 13, 2013 @03:51PM (#6728389)
Why is keeping your family out of work for many generations a good thing?
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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by gammarator on Wednesday November 13, 2013 @11:00PM (#6730432)
It's not: http://www.theatlantic.com/magazine/print/2011/04/secret-fea...
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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by brianpgordon on Wednesday November 13, 2013 @05:24PM (#6729091)
I wish my grandparents had left me a few million dollars.
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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by praxulus on Thursday November 14, 2013 @02:33AM (#6731106)
Keeping your family out of work is not the same as giving them the option of not working.
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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by finnh on Wednesday November 13, 2013 @04:11PM (#6728561)
If you put it in a mattress, sure.

But most (all?) people invest their money at a far higher rate of return than inflation.

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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by gaius on Thursday November 14, 2013 @03:03AM (#6731202)
Not for a decade or more has this been true. Inflation in the UK is 2.2%. You would be lucky to get that without venturing into equities (which to be fair have done well this year) or property. But energy is up 8%, travel 9%, food 12%, etc. Real inflation is hard to outrun. And markets are prone to bubbles...
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Re:Snapchat Spurned $3 Billion Acquisition Offer from Facebook by sk5t on Wednesday November 13, 2013 @11:58PM (#6730621)
My intent was to put $20MM or so in perspective: yes, prudent investment could put such an amount to good, long-term use, but it is not so much money that it would be challenging to spend it all within a decade or so. $1Bn is something else entirely, and would require a very concerted effort to squander quickly.
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