Rich People Have to Golf Instead of Ski Because of the Warm Weather
Rich people problems, of course!
InvestmentNews has a Bloomberg article detailing the travails of Winthrop Smith Jr. (his real name), a onetime Merrill Lynch & Co. exec who now owns the Warren, Vermont-based Sugarbush Resort.
Smith tells reporters that unseasonably warm weather has dealt a blow to the resort, as 15 percent fewer skiers have visited the resort compared to 2011.
"It's very much like my old world," Smith says. "You can't control the market; you can't control the weather. So you just have to learn how to manage the different environments."
Don't cue the violin quite yet -- the well off will still have sporty ways to unwind.
Golf managers, in the true spirit of American capitalism, have taken advantage of semi-sunny skies to lure bored rich people to the green -- especially in the Northeast.
A semi-private golf club in New Jersey, for example, sold 1000 rounds in January. On a particularly balmy, 60-degree Saturday, over 190 golfers took to the greens -- which would be high for the summer -- reports indicate.
Good to know that there are still a few places where people can spend their significant expendable incomes without having to worry about all that climate change stuff.
Follow Victoria Bekiempis @vicbekiempis.