Excessive spending on gifts that the recipient does not actually want is wasteful.

“I would rather have In a weird way, I'd rather have nothing than something that was really expensive that is pointless or I don't want.”

Spending large amounts of money on luxury items for friends is enjoyable and a benefit of being wealthy.

“Isn't this just the great thing about being rich?”

Expensive jewelry or high-end items that do not fit the recipient's style are still valuable due to the quality of the materials used.

“They're high, high level diamonds. They're top level diamonds.”