It's not rich people, it's still just stupid people. They just happen to be rich as well as intellectually challenged.\n\nBuffet seems to be pretty down to Earth on spending from what I have seen. Same house since he first built it when the dinosaurs roamed and small compared to most 'rich' folks houses. From the accounts I have read he still has an old shitty vehicle and often flies commercial (not private or even first class)\n\nJust comes down to stupidity.