On Demand, premium channel subscriptions, TiVo, satellite radio - these are all services that have gained widespread traction over the past few years. With On Demand you can choose from hundreds of movies and hundreds of television series to watch with a click of your remote. Premium channel subscriptions such as HBO, Showtime, Cinemax and Starz give you the luxury of being able to watch your show/movie without being interrupted by commercial breaks. TiVo gives peace of mind to those "on-the-go" who do not have time to catch their favorite TV show when it's airing; the record feature allows you …

Back in the Nineties, working for an Ultra High Net Worth individual, I was involved to a very limited degree in a possible office move. Architects and designers spent a good amount of time planning the layout, including an elaborate suite for the chairman with private boardroom, dining room and so forth. The move never took place but later, in a financial meeting, I had to hold my jaw in place when I saw that just getting to the concept stage had cost $70,000 in fees. After all, that was more than it cost my parents to buy the northern …

Becoming a golfer is commitment. Achieving liftoff from the tee seems like a miracle the first time it happens. Once you catch the bug, the natural progression is to start watching professional golf on TV. It's a maddening game requiring incredible patience and consistency. So when we tune in as fans on Sunday afternoon, we can relate to the emotional ups and downs while we enjoy the action and the beautiful backdrops.

In part 1 of this series, we looked at big data and how it is the focus of much content in business and marketing media. There is no question that big data can be very useful, but big data can only provide a portion of the research that marketers of high end products need in order to understand and effectively market to the affluent and luxury consumers.

Our previous column was the first of two that focus on the topic of luxury through the eyes of three affluent generations: Millennials, Gen Xers, and Boomers. That column focused on how the generations describe luxury in their own words and aggregated those words into themes by the three generations, listing which themes were among each group's top 20.

Our prior column, which focused on luxury through the eyes of affluent female and male consumers, received very positive feedback. In it, we reported on adults 18+ in age in households with household incomes of $75,000 or more - the top 34% of households in the United States - who described "luxury" in their own words and told us which brand they nominated as the number one luxury brand in the world. Notably, though, while readers enjoyed "seeing" luxury through the eyes of affluent men and women, there were many requests to look at how the different generations, especially Millennials, …