Capitalism can be cruel. Employer may well figure out how to do their job without them even if they do stay employed, unfortunately. I think that the extra $15k (if you get it) pales in comparison to the long-term benefits you will gain from keeping that job:
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- the learning from seeing the company go through a recession - the reputation within the company, with the boss, amongst your friends as the guy who stuck with it - the sense of purpose Maybe taking the unemployment looks profit maximizing, but it won't be over the long haul.
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Reminds me of the Naval/Jocko Willinzczczczcz quote: "Easy choices. Hard life. Hard choices. Easy life."
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Replying to @Molson_Hart @zeplin111010
I've learned the hard way that the vast majority of humanity doesn't think the way you (long-term). To a great extent, life has taught many of them not to.
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Replying to @mgirdley @zeplin111010
It’s crazy. Even most of the s and p 500 is looking at next quarter over next year and beyond. Sad truth that needs to be accepted in order to properly navigate the world.
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Replying to @Molson_Hart @zeplin111010
Two types of folks out there r.n. I think: 1) Those that know a fire sale is coming but don't know how bad. 2) Those in delusion. Both aren't doing anything right now.
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Replying to @mgirdley @zeplin111010
Agree strongly and I read that david tepper agrees with group 1. I’d bet Buffett does too.
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I think there’s a third group, now that I think about it. People who think the economy will he has but inflation will be worse. This is and 1 and I’m not sure about.
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Replying to @Molson_Hart @zeplin111010
sorry - can you restate that? I don't follow.
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Replying to @mgirdley @zeplin111010
Sorry, got autocorrected and my thought wasn’t clear anyways. An unparalleled amount of money is flowing into the system right now and is flowing in in a way that we’ve never seen before (through small biz and citizens). We’re accustomed to QE not causing much inflation, but
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This time may be different. I guess what I’m saying is that even though stocks are not reasonably priced as of the situation 3 months ago, they are now with how much money is being printed and how low interest rates are, ie there will be no fire sale for surviving companies.
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Replying to @Molson_Hart @zeplin111010
Good point. I'm not a macro guy, so your guess is likely better than mine!
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Replying to @mgirdley @zeplin111010
I don’t think anyone can credibly predict what will happen here, but if I’m a betting man...there’s a disconnection between Main Street and Easy street and this is a bull trap. In the end though I worry about inflation.
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