Conversation

In Bill Janeway’s theory of VC, startups need more cash and control during uncertainty (run fat in bad times). For individuals in the Great Weirding that probably means 2x short-term savings (6mo instead of 3mo financial planners recommend) and a side hustle for 1.5x control. 🤔
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Also aging is a natural uncertainty ratchet (the weirding of personal life) so you need increasing cash no control with age even in steady societal normal times. So societal weirding is double jeopardy past middle age. Global great weirding is triple jeopardy.
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TLDR, I need to figure out how to get to 12 month runway as default instead of my normal 1-3. But without sacrificing the control that comes from gig economy (my norm for last few years has been 3-4 reasonably active gigs at any given time).
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I honestly don’t know know how you single-paycheck types handle the monoculture risks. If you’re not in the 1% irreplaceables at a really solid big company, you don’t have enough control. Though you may have enough cash.
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I may have to start doing actual DCF/NPV analysis on personal finances soon though I find that level of discipline incredibly taxing to keep up. Oddly enough this 10-month fellowship of predictable cash flow has really thrown me off my personal finance game. It’s too surreal 🤯
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