I think a lot of it is comparison, too. He was jealous of the guy who made $20 million a year and took netjets everywhere. That guy was jealous of the guy who was a billionaire and had his own private jet. They all wanted to be the next rung up the ladder!
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Kind of sad, really. They could probably save quite a lot of money in the long run by spending a few quid on a psychologist (assuming the horses could spare it).