Anyway, at the party last night, the conversation turned to planes, and the hedge-fund mogul announced to a small group that he was “waiting for my 650”—referring to the fact that the new Gulfstream planes haven’t even hit the market yet.

This produced a surprisingly vehement response from the Internet mogul, who pronounced the 650 the height of gauche conspicuous consumption, and said that he himself would be buying an older, more stylish jet for ~$30 million and then spend $6-$7 million refurbishing it.