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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr 1 Jul 2018
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    If your ambition doesn’t grow with your wealth, the wealth makes you stupid by enabling you to delay decisions longer under uncertainty. I’ve done most of my on-time risky trigger pulling when money was tight, delayed it too long when it wasn’t

    2:20 PM - 1 Jul 2018
    • 25 Retweets
    • 198 Likes
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    6 replies 25 retweets 198 likes
      1. New conversation
      2. Ariel Greenwood‏ @greenwoodae 1 Jul 2018
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        Replying to @vgr

        For the first time in my life I have just a few thousand in savings and I have been considering investing it in some micro loan situation for this very reason. There's a sweet spot of financial wiggle room that enables the acuity you describe; either wise can be dulling.

        1 reply 0 retweets 1 like
      3. Venkatesh Rao‏ @vgr 1 Jul 2018
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        Replying to @greenwoodae

        Roth IRA 🙂

        1 reply 0 retweets 1 like
      4. 11 more replies
      1. New conversation
      2. Kara Nortman‏Verified account @karanortman 1 Jul 2018
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        Replying to @vgr

        When wealth accumulates, so do advisors around that wealth. Possibly harder to trust intuition when lots of people you pay yelling to pump the breaks?

        1 reply 0 retweets 2 likes
      3. Venkatesh Rao‏ @vgr 1 Jul 2018
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        Replying to @karanortman

        Don’t know how common that effect is. Most wealthy people I know limit that to some living-trust type stuff but retain control over bulk of wealth and ignore advisors. But they do need to develop appetite for making bigger moves in same time.

        2 replies 0 retweets 1 like
      4. 4 more replies
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      2. Robert Stephens‏Verified account @rstephens 1 Jul 2018
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        Replying to @vgr

        My ambition grows but so does my humility.

        1 reply 0 retweets 3 likes
      3. Beth Smits‏ @beth_smits_33 1 Jul 2018
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        Replying to @rstephens @vgr

        Oh sweetie.... indeed.

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. Dorian Taylor‏ @doriantaylor 1 Jul 2018
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        Replying to @vgr

        also you can afford to make lots of dumb errors and never learn from them: https://youtu.be/Nl_Qyk9DSUw 

        1 reply 0 retweets 1 like
      3. Dorian Taylor‏ @doriantaylor 1 Jul 2018
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        Replying to @doriantaylor @vgr

        like if it doesn't matter to you that a banana is ten dollars or 30 cents then you're probably going around wasting the equivalent of $9.70 on all sorts of stuff

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. Micah Redding  🧬 ⚙️ 🔥 🗽‏ @micahtredding 1 Jul 2018
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        Replying to @vgr

        This is true for societies as well as individuals.

        0 replies 0 retweets 1 like
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      1. Gene Linetsky‏ @GeneLinetsky 1 Jul 2018
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        Replying to @vgr

        Isn’t that the whole point of wealth? Making stupidity of the current and future carriers less threatening to the payload (genome)?

        0 replies 0 retweets 1 like
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