Is that a bad thing? Can you afford to buy something? Can you afford the case of a total loss in value of the thing you buy?
Steve Ballmer is in a similar situation as you. He used excess money to buy a sports team. It's dumb to me and many other people. But he can afford it and may get enjoyment out of his ownership duties.
I spoke with Steve shortly after he bought the Clippers and he told me…
1. He’s a sports fan
2. The asset value of major market teams along with the accompanying real estate generally increases. Provided that you do not run a significant deficit, it’s a profitable endeavor once sold.
Several of his players were represented by CAA located in Beverly Hills which I worked with.
I’ve also met and talked to many other famous business elite. At private events, there’s usually only 50-200 people in a room so the famous mill around with everyone else without security. It’s pretty easy to get a conversation started as they are all regular people. Some people are assholes usually entertainers but most of the businesspeople are pretty approachable.