A case for spending $10,000 on a Rolex instead of letting it sit in savings. The right watch matches inflation, and owning one signals status: a billionaire's Patek Philippe sparked a 15-minute conversation just by being mentioned.
If you said to me, I've got 10 grand, option 1, leave it in a savings account, option 2, buy a Rolex. Buy a Rolex all day long, because you put it in a savings account, it'll go down in value. You buy the right Rolex, it'll at least equal inflation. To know what a Rolex is, is to be a certain type of person. So I went and interviewed a billionaire recently, and he had a Patek Philippe Aquanaut on. So I just mentioned his watch, and then we were just talking about watches for about 15 minutes after the interview.
