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A speaker argues brands will always exist because human behavior is fundamentally driven by envy and status-seeking. Charlie Munger is referenced as support for this view of consumer motivation.
A speaker argues brands will always exist because human behavior is fundamentally driven by envy and status-seeking. Charlie Munger is referenced as support for this view of consumer motivation.
Brands aren't going to zero because what? Charlie Munger said this before. The thing that humans fight over is not necessarily greed. It's envy. Envy is the biggest driver with humans, right? It's very much a status game. So if we all have abundance, we need a way to show each other who's better. Who's— who's— Yes. Right? It's all status driven. Yes, it is status driven.
