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Chinese buying luxury goods for status

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  • Chinese people will gladly spend a price premium for goods that are publicly consumed. But it’s like buying a big glob of shiny glitter. They know which brands are famous, but they can’t tell you the difference between them in terms of quality or design. (They buy) to burnish their credentials as someone of the modern world by stocking up on a year’s worth of prestige.

  • — Chinese buying luxury goods for status
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The fatigue cacncels out the joy, so you're kind of in this middle space. Chin says. Anker's thoughts were equally conflicted. Exhilaration is something the great climber rarely experiences on the summit. "I mean, sure we were saying "wow, we made it." But I always get to the sumit and somehow it doeson't mean anything. It's just another point. It's crazy. The sumit is waht drives us, but the climb itself is what matters. I'd been so so happy to be back there, and climbing that mountain again, but only because I'd loved climbing itself.

—climber's almost die climbing shark's fin
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