While you might know some wealthy people who live like Buffett, doesn't mean the rest do. They are just better at hiding their fun (and funds) than everyone else
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Yeah, that could have been worded better, but I guess the point I was trying to make was that for someone why can afford a RR Phantom, at the lower cost range, a BMW is the same as a Camry. IOW, it's affordable by the proles, so what's the difference?
Now yachting, that's another matter. I once stayed on a huge yacht as a guest of the Aga Khan and that was a really nice. I didn't have any clothes, or more properly, swimwear and I was taken shopping and that was the first time I ever saw an American Express "Special Member" card.
The other thing is that people talk about premium clothing labels, shoes, etc, but again, to the truly elite, that's a bourgeoisie game. There's an entire class out there for whom labels simply don't matter as a point of conspicuous consumption.