> During a 2020–2021 boom period for SPACs, they attracted prominent names such as Goldman Sachs, Credit Suisse, and Deutsche Bank, in addition to retired or semiretired senior executives.
Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life?
I guess I'll never be such an exec...
> Liking to make money and liking to enjoy money are different traits, I suppose.
I get that. My dad was never that excited about making money, but he still described TurboTax as his favorite video game. Sometimes you just want to optimize the number, no matter what the number is.
It's really interesting how people can be so different, lol. One look at TurboTax and I feel deep existential dread, like it goes "deductions" to "heat death of the universe" in a few form fields.
> Now, why retired or semi-retired senior exec who are most probably already swimming in money and have a certain age are even thinking about these investments instead of just spend the fortune they have and enjoy life?
Obsessive-compulsive disorder and self-worth insecurity that masquarades as 'success in business'.
They got that rich because for them the deal is the “juice”. They prob retired because they couldn’t invest as much time keeping up with it due to age but SPACs were such a feeding frenzy they could jump in and make a killing
