Jake

This is how a lot of Americans define "living paycheck to paycheck"

A lot of people don't understand this, but it's 100% true, depending on where you live. From 300k to 1mm, the precarity is the same as being poor - paycheck to paycheck. It's just that the numbers are bigger. - Most people in the aspirational class live in more expensive cities where the hobbies are costlier. Rich people in Texas enjoy backyard barbecues and drive F150s, but in Greenwich, you need a Range Rover, and in Hong Kong, you need bottle service every Friday just to fit in. - It's expensive having rich friends. Nothing is worse than seeing a billionaire grab the wine list at dinner, because they never expect to pay the tab. - If you're in the aspirational class, and trying to keep up, when someone invites you to their house in the Hamptons or on their plane, you have to reciprocate. - You always think that next year's bonus will be bigger. So it'll be easier to save $10 in the future than it is to worry about $1 today.

Steven Bartlett says a few glasses of wine ruined the next 3 days of his life “It's one of those areas where you don't understand the hidden cost until you really give it up for a while. I stopped drinking at 30 years old. I'm now 33. When I was 31, I thought, I'll have a drink again because now I could really A/B test it. I had a year of not drinking, decided to have a drink again” “It ruined three days of my life. I had a couple of glasses of wine, didn't get drunk. It ruined three days of my life because of the domino effect it caused” “I got worse sleep that night, and then because I got worse sleep that night, I ate more poorly the next day because my dopamine system or whatever, the cortisol system was all messed up. I podcasted worse. I didn't go to the gym that day or the day after because I felt really bad. I then slept worse, and I could track all of this on my Whoop”

NEW: AI is reportedly pushing McKinsey & rival consulting firms to rethink pricing, as clients are “questioning the value” of human advice.

We officially closed the ProCap Financial deal today. The company will start trading on Monday, December 8th on Nasdaq under the ticker $BRR. Bitcoin is the new hurdle rate. Let’s go!

The Trump FDA story is crazy Big Tobacco donated $5,000,000 to Trump's super PAC Two days later, Reynolds American's executives met with Trump at his Florida golf club to demand the FDA reverse its flavored vape ban Trump then personally called RFK Jr. and his health secretary to complain about the ban Then questioned the FDA commissioner directly for not moving fast enough The FDA commissioner who said no resigned days later and so did RFK Jr.'s chief spokesperson, citing the vape policy as the reason Then the ban was lifted within a week The White House says it had nothing to do with the $5,000,000