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

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr Aug 2
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      If covid were a new apartment we’d just put stuff we can’t use here in storage for a bit. Why does everything and everyone have to be continuously useful? Why can’t we put restaurants in a box labeled “restaurants” like I did our crockpot for the last year.

      2 replies 1 retweet 45 likes
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    2. Venkatesh Rao‏ @vgr Aug 2
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      Admittedly it’s a sucky apartment and we should move as soon as we can break our lease and find a better place. But weird how the economy doesn’t really have the concept of “boxed in storage” sectors. Storage rental = pay those people.

      2 replies 2 retweets 14 likes
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    3. Venkatesh Rao‏ @vgr Aug 2
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      Though tbf I want to get rid of our crockpot so bad example. But each time we move a different small subset of stuff gets put into storage boxes. Doesn’t mean it’s useless. Sometimes I go years between needing stuff.

      2 replies 0 retweets 4 likes
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      Venkatesh Rao‏ @vgr Aug 2
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      We think of cost of capital and return rate, but capital (including human) has cold-storage value too. Maybe the rent is too damn high on capital storage too. It’s mainly used for really high value stuff like airliners and ships. Park till usable again. But we can’t park people.

      11:06 PM - 2 Aug 2020
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        2. Venkatesh Rao‏ @vgr Aug 2
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          An economy that demands 100% utilization of all its assets 100% of the time is kinda primitive. We should have enough surplus and redundancy to run at like 70%. Clearly we sorta can but we treat it as brokenness. It should be a feature not a failure mode.

          4 replies 6 retweets 34 likes
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        3. Venkatesh Rao‏ @vgr Aug 2
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          Many multi-engine aircraft are designed to be flyable with one or more engines out of commission. It’s awkward and requires some fancy control but it can be done.

          2 replies 0 retweets 6 likes
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        4. Venkatesh Rao‏ @vgr Aug 2
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          Like, many things can’t, won’t, and probably shouldn’t come back but some stuff clearly can and should. Like restaurant dining and concerts. Seems silly that those sectors can’t be safely idled without threatening to crash everything. Box ‘em up for safe storage.

          1 reply 0 retweets 9 likes
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        5. Venkatesh Rao‏ @vgr Aug 2
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          That said a lot of the stuff that’s down is bullshit that shouldn’t come back. Just like every apartment move should see some fraction of your crap sold or trashed or donated to Goodwill.

          1 reply 0 retweets 6 likes
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        6. Venkatesh Rao‏ @vgr Aug 2
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          Sold = return the capital to market even if at pennies in the dollar. Take the loss. Trashed = shut it down. Deadweight loss.

          1 reply 0 retweets 7 likes
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        7. End of conversation
        1. Rich‏ @richggall Aug 2
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          If the rent is too high on capital storage, it’s probably because *actual* rent is too high

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        1. David Vintinner‏ @dpvintin Aug 3
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          Replying to @vgr

          yes, you can “park” people. Slack/part time/semi-retired positions that can scale back up in time and pay if needed are a thing.

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