re: More expensive hobby.. Golf or cycling?

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You can't compare anyone who competes in serious races to a recreational golfer. 90% of golfers don't enter tournaments. Same as most cyclists don't enter serious races

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and anybody who is racing (and i mean racing, not doing gran fondo t-shirt rides) is NOT racing on a 10,000 dollar bike. or they're freaking nuts. "buy the most expensive bike you can afford to replace" isn't an axiom of racing for no reason. crashes happen.

that said, there are million-dollar freds who will sink that amount of money into bikes and consistently get dropped on group rides. and triathletes who buy cervelo P5s and still can't finish middle of pack in their age groups. but who cares in the end, right? if you can afford it, spend away on bikes or golf clubs or whatever. you can't take it with you.