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WALMART SELLS FOOD. They sell car tires. Board games too. You can stop at any Walmart in the world and buy the same plethora of consumer goods. One roof, dozens of product areas, thousands of individual items.
This “cross-vertical” strategy has many perks to consumers like us. But it’s not without flaws. From brand dilution to in-store clutter, down to a lack of item expertise when you ask questions of employees – there are issues with “selling everything to everyone.”
Comments
Totally fair. It’s funny. I’m very aware of “income” and “wealth” being separate numbers, but I blend them together when it comes to “money vs. happiness” studies. Perhaps I shouldn’t! -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Awesome! I'm glad you enjoyed it, Andy. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Thank you, Kevin! "Enough" is a challenge for many, many people. Kudos to you for finding it (or perhaps more important, recognizing it). -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
That's certainly correct. I think we agreed to remove that detail from this article. In fact, almost all of these studies use log(income), as follows from Kahneman's most famous work: prospect theory. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Thank you! I'm glad you appreciated it. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Hmm. By your definitions, I think I'm talking about contentment.
Post: Happy Conclusion
Link to comment from May 15, 2024
Good for you, Jeff. I think you have a good perspective. Realizing your own luck is "the opposite of spoiled." It's a great thing. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Very much! Cheers Mike. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
The documentary "Happy People" is pretty eye-opening on this axis, Jack. It follows a hunter who spends most of his year completely alone in the Russian taiga. Lonely, cold, hungry, etc. A recipe for misery? Nope. This hunter is peachy keen. -Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024
Thank you much! It's certainly a trend haha. Or, at the very least, we are somehow biased to find one another and then wired to think "Hey - a trend!" The more I get into the weeds of financial planning, though, and balancing all the various "if --> then" scenarios and interactions of tax law, investing accounts, etc, etc, etc, the more I'm aware thay an engineer's problem-solving training is perfect for this stuff. Jesse
Post: Happy Conclusion
Link to comment from May 15, 2024