Select the most appropriate option to substitute the bold segment in the given paragraph. Despite being a successful entrepreneur, he allways exhibited a tendency to spend money in a wasteful and reckless manner, often indulging in extravagant purchases and lavish parties that served little practical purpose. His friends and colleagues admired his business acumen but were frequently baffled by his careless approach to personal finances. While his ventures continued to thrive, his extravagant lifestyle often raised concerns about his long-term financial stability.