Bouncy house rentier capitalist not having a good time here. I guess if you’re gonna be a rentier you should do it at large enough scale to get bailed out rather than arrested.https://www.latimes.com/california/story/2020-05-21/bounce-house-business-owner-devastated-becomes-activist …
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Interestingly by this definition, even a super hardworking street food vendor is a rentier. Small cart capex, interchangeable formulaic labor, local monopoly on one street block. Look at say New York street food. Why do they all follow 2-3 patterns? (hotdogs, shawarma...)
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I guess I have low sympathy for people who try to build businesses with the goal of being able to stop thinking at some point. This is why I kinda detest the internet equivalent — the holy grail of “passive income”
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It’s okay to want to stop thinking about one aspect of a business, via automation or figuring it out once and for all, but if you seek to eliminate all thinking input, you kinda deserve the risk exposures you get. Even if you’re working 14 hour days rather than idling in Bali.
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Retirement and disability exception case https://twitter.com/vgr/status/1263495955631894528?s=21 …https://twitter.com/vgr/status/1263495955631894528 …
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If you’re doing your best thinking to survive and reality still gets inside your OODA loop and trips you up... that’s an honorable stumble and I can respect that. I’d vote for a bit of a communal bailout for you. It’s conscious cognitive free-riding that I have a hard time with.
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To be fair to inflatable house guy, I can’t tell from the story whether he was giving it his honorable best shot in terms of thinking-input or not. I’ve met many like him, with a good eye for basic arbitrage based businesses and a very narrow kind of transactional thinking.
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I guess in Darwinian terns, cognitive free riding is like being a niche colonizing species rather than a generally adaptive one. Which also explains why I dislike “find your niche” business thinking. Niche thinking is for insects.
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End of conversation
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You realize this is an incorrect framework. Don't let it slow you down though
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Are you ok this week man? This post is much more condescending than your usual tone. DM me if you need help!
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Can well done mental frameworks (blogging) be renty?
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